Fixed-fee leasehold conveyancing in Leyland:

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Any conveyancing practice can theoretically handle your leasehold conveyancing in Leyland, your mortgage provider may unwilling to work with them if the firm are not on their list of approved solicitors for conveyancing

Sample questions relating to Leyland leasehold conveyancing

Due to exchange soon on a basement flat in Leyland. Conveyancing solicitors inform me that they will have a report out to me on Monday. Are there areas in the report that I should be focusing on?

Your report on title for your leasehold conveyancing in Leyland should include some of the following:

  • The total extent of the premises. This will be the apartment itself but may incorporate a roof space or basement if applicable.
  • Setting out your legal entitlements in relation to the communal areas in the block.For example, does the lease contain a right of way over an accessway or hallways?
  • Does the lease prohibit wood flooring?
  • Does the lease prevent you from subletting the flat, or working from home
  • You should have a good understanding of the insurance provisions
  • I don't know whether the lease allows me to alter or improve anything in the flat - you should know whether it applies to all alterations or just structural alteration, and whether consent is required
  • The landlord’s obligations to repair and maintain the building. It is important that you know who is responsible for the repair and maintenance of every part of the building For details of the information to be included in your report on your leasehold property in Leyland please enquire of your conveyancer in ahead of your conveyancing in Leyland

    • Back In 2000, I bought a leasehold house in Leyland. Conveyancing and Platform Home Loans Ltd mortgage organised. A letter has just been received from someone saying they have taken over the freehold. Attached was a demand for arrears of ground rent dating back to 1997. The conveyancing solicitor in Leyland who previously acted has long since retired.What should I do?

    First contact the Land Registry to be sure that the individual purporting to own the freehold is in fact the registered owner of the freehold reversion. It is not necessary to incur the fees of a Leyland conveyancing practitioner to do this as you can do this on the Land Registry website for less than a fiver. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.

    I am tempted by the attractive purchase price for a couple of apartments in Leyland which have in the region of 50 years left on the lease term. Do I need to be concerned?

    There are plenty of short leases in Leyland. The lease is a right to use the property for a prescribed time frame. As the lease gets shorter the saleability of the lease deteriorate and results in it becoming more expensive to acquire a lease extension. For this reason it is advisable to extend the lease term. It is often difficult to sell a property with a short lease because mortgage lenders may be unwilling to lend money on properties of this type. Lease extension can be a protracted process. We recommend you get professional help from a conveyancer and surveyor with experience in this arena

    I am employed by a reputable estate agency in Leyland where we have experienced a number of leasehold sales derailed due to short leases. I have been given conflicting advice from local Leyland conveyancing firms. Can you shed some light as to whether the seller of a flat can instigate the lease extension formalities for the buyer?

    As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the disposal of the property.

    Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.

    What are your top tips when it comes to choosing a Leyland conveyancing practice to carry out our lease extension conveyancing?

    If you are instructing a solicitor for lease extension works (regardless if they are a Leyland conveyancing practice) it is imperative that they be familiar with the legislation and specialises in this area of work. We recommend that you speak with two or three firms including non Leyland conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. Some following of questions could be helpful:

    • How many lease extensions has the firm completed in Leyland in the last 12 months?
  • Can they put you in touch with client in Leyland who can give a testimonial?

    • Leasehold Conveyancing in Leyland - Sample of Questions you should consider before Purchasing

      Are any of leasehold owners in dispute over their service charge payments? For most Leyland leaseholds the cost for major works tend not to be incorporated into the service charges, although there some managing agents in Leyland require leasehold owners to contribute towards a sinking fund created for the specific intention of building a fund for larger works. The prefered form of lease arrangement is if the freehold title is in the ownership of the leaseholders. In this situation the lessees have control and notwithstanding that a managing agent is often retained where it is bigger than a house conversion, the managing agent acts for the leaseholders themselves.

    Other Topics

    Lease Extensions in Leyland