Guaranteed fixed fees for Leasehold Conveyancing in Llanelli

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Sample questions relating to Llanelli leasehold conveyancing

Having had my offer accepted I require leasehold conveyancing in Llanelli. Before I get started I require certainty as to the unexpired term of the lease.

If the lease is recorded at the land registry - and most are in Llanelli - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title.For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

I only have Seventy years left on my flat in Llanelli. I now want to get lease extension but my freeholder is missing. What are my options?

If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be lengthened by the Court. However, you will be required to demonstrate that you or your lawyers have made all reasonable attempts to track down the landlord. On the whole an enquiry agent would be helpful to try and locate and to produce an expert document which can be accepted by the court as evidence that the landlord is indeed missing. It is advisable to get professional help from a solicitor both on devolving into the landlord’s absence and the application to the County Court covering Llanelli.

I am looking at a two apartments in Llanelli both have about fifty years unexpired on the lease term. should I be concerned?

A lease is a legal document that entitles you to use the property for a period of time. As a lease gets shorter the value of the lease reduces and results in it becoming more costly to extend the lease. This is why it is advisable to extend the lease term. Sometimes it is difficulties arise selling premises with a short lease as mortgage companies may be reluctant to lend money on such properties. Lease enfranchisement can be a difficult process. We advise that you seek professional assistance from a solicitor and surveyor with experience in this field

What are your top tips when it comes to appointing a Llanelli conveyancing firm to deal with our lease extension?

When appointing a solicitor for your lease extension (regardless if they are a Llanelli conveyancing practice) it is most important that they be familiar with the legislation and specialises in this area of conveyancing. We suggested that you talk with several firms including non Llanelli conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. Some following of questions could be useful:

  • If they are not ALEP accredited then what is the reason?
  • How many lease extensions has the firm conducted in Llanelli in the last twenty four months?

    • Can you provide any advice for leasehold conveyancing in Llanelli with the intention of expediting the sale process?

    • A significant proportion of the delay in leasehold conveyancing in Llanelli can be bypassed if you get in touch lawyers as soon as you market your property and request that they start to put together the leasehold information needed by the purchasers’ conveyancers.
    • The majority freeholders or managing agents in Llanelli levy fees for providing management packs for a leasehold premises. You or your lawyers should enquire as to the actual amount of the charges. The management information can be applied for as soon as you have a buyer, thus reducing delays. The average time it takes to receive management information is three weeks. It is the most usual cause of frustration in leasehold conveyancing in Llanelli.
  • If you have carried out any alterations to the premises would they have required Landlord’s consent? In particular have you installed wooden flooring? Most leases in Llanelli state that internal structural changes or laying down wooden flooring necessitate a licence from the Landlord consenting to such changes. Should you dont have the approvals to hand do not communicate with the landlord without contacting your lawyer before hand.
  • If you hold a share in a the freehold, you should make sure that you hold the original share certificate. Organising a re-issued share certificate can be a time consuming formality and slows down many a Llanelli conveyancing transaction. Where a new share is necessary, you should approach the company director and secretary or managing agents (if applicable) for this sooner rather than later.
  • You believe that you know the number of years left on your lease but you should verify this via your lawyers. A buyer’s conveyancer will not be happy to advise their client to proceed with the purchase of a leasehold property the remaining number of years is under 75 years. In the circumstances it is important at an as soon as possible that you consider whether the lease term for your property needs extending. If it does, contact your solicitors before you put your premises on the market for sale.

    • Llanelli Conveyancing for Leasehold Flats - A selection of Questions you should consider Prior to Purchasing

      Is anyone aware of any major works in the near future that will increase the maintenance charges? Many Llanelli leasehold flats will have a service charge for the upkeep of the block invoiced on behalf of the management company. Where you acquire the apartment you will have to pay this liability, normally periodically during the year. This can be anything from a few hundred pounds to thousands of pounds for bigger purpose-built blocks. There will also be a ground rent for you to pay annual, ordinarily this is not a large sum, say around £25-£75 but you should to check as occasionally it can be many hundreds of pounds. Are any of leasehold owners in dispute over their service charge payments?

    Other Topics

    Lease Extensions in Llanelli