Common questions relating to Bellingham leasehold conveyancing
I am hoping to exchange soon on a studio apartment in Bellingham. Conveyancing solicitors have said that they report fully tomorrow. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Bellingham should include some of the following:
- Setting out your rights in respect of the communal areas in the building.For example, does the lease permit a right of way over a path or hallways?
Estate agents have just been given the go-ahead to market my 2 bed apartment in Bellingham.Conveyancing lawyers have not yet been instructed but I have just had a quarterly service charge invoice – should I leave it to the buyer to sort out?
It best that you pay the service charge as normal because all ground rent and service charges will be apportioned on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I've found a house that appears to be perfect, at a reasonable figure which is making it all the more appealing. I have since found out that it's a leasehold as opposed to freehold. I would have thought that there are particular concerns purchasing a house with a leasehold title in Bellingham. Conveyancing lawyers have are about to be instructed. Will they explain the issues?
Most houses in Bellingham are freehold and not leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area can help the conveyancing process. We note that you are buying in Bellingham in which case you should be looking for a Bellingham conveyancing solicitor and check that they have experience in dealing with leasehold houses. First you will need to check the unexpired lease term. Being a lessee you will not be entirely free to do whatever you want to the property. The lease will likely included provisions for example requiring the landlord’sconsent to carry out changes to the property. It may be necessary to pay a service charge towards the upkeep of the estate where the house is located on an estate. Your lawyer should advise you fully on all the issues.
What advice can you give us when it comes to finding a Bellingham conveyancing firm to deal with our lease extension?
When appointing a property lawyer for lease extension works (regardless if they are a Bellingham conveyancing practice) it is most important that they be familiar with the legislation and specialises in this area of conveyancing. We recommend that you talk with two or three firms including non Bellingham conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. Some following of questions might be of use:
- How familiar is the practice with lease extension legislation?
Can you provide any advice for leasehold conveyancing in Bellingham from the perspective of expediting the sale process?
- A significant proportion of the delay in leasehold conveyancing in Bellingham can be avoided if you instruct lawyers as soon as you market your property and request that they start to collate the leasehold documentation which will be required by the purchasers’ lawyers.
- The majority freeholders or managing agents in Bellingham 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 pack can be applied for on or before finding a buyer, thus reducing delays. The average time it takes to receive management information is three weeks. It is the most usual cause of delay in leasehold conveyancing in Bellingham.
I have tried to negotiate informally with with my landlord to extend my lease without any joy. Can the Leasehold Valuation Tribunal decide on such issues? Can you recommend a Bellingham conveyancing firm to represent me?
You certainly can. We can put you in touch with a Bellingham conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Bellingham residence is 75 Woolstone Road in February 2012. the decision of the Tribunal was that the appropriate amount to be paid to purchase the freehold was the sum of £17,711 . This case related to 2 flats. The the number of years remaining on the existing lease(s) was 68.28 and 158.
Other Topics