Fixed-fee leasehold conveyancing in Bounds Green:

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While any conveyancing solicitor can theoretically deal with your leasehold conveyancing in Bounds Green, your mortgage provider may not be willing to work with them if the firm are not on their list of approved solicitors for conveyancing

Recently asked questions relating to Bounds Green leasehold conveyancing

Having had my offer accepted I require leasehold conveyancing in Bounds Green. Before I get started I would like to find out the remaining lease term.

Assuming the lease is registered - and 99.9% are in Bounds Green - then the leasehold title will always include the short particulars 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 am hoping to complete next month on a ground floor flat in Bounds Green. Conveyancing lawyers inform me that they report fully tomorrow. What should I be looking out for?

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

  • You should receive a copy of the lease
  • Details of the parties to the lease, for example these could be the leaseholder (you), head lessor, freeholder
  • The physical extent of the property. This will be the apartment itself but might incorporate a loft or cellar if applicable.
  • Setting out your legal entitlements in relation to the communal areas in the block.E.G., does the lease grant a right of way over an accessway or staircase?
  • Will you be prohibited or prevented from having pets in the property?
  • Does the lease prevent you from letting out the flat, or having a home office for business
  • The landlord’s rights to access the flat you be made aware that your landlord has rights of access and I know how much notice s/he must provide. For details of the information to be included in your report on your leasehold property in Bounds Green please ask your lawyer in advance of your conveyancing in Bounds Green

    • Back In 2009, I bought a leasehold house in Bounds Green. Conveyancing and Chelsea Building Society mortgage are in place. I have received a letter from someone claiming to own the freehold. Attached was a ground rent demand for rent dating back to 1994. The conveyancing practitioner in Bounds Green who acted for me is not around.Any advice?

    First make enquiries of HMLR to be sure that this person is indeed the new freeholder. It is not necessary to incur the fees of a Bounds Green conveyancing practitioner to do this as it can be done on-line for a few pound. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.

    I am attracted to a couple of flats in Bounds Green which have in the region of forty five years unexpired on the lease term. Will this present a problem?

    There are plenty of short leases in Bounds Green. The lease is a right to use the premises for a prescribed time frame. As a lease gets shorter the value of the lease decreases and it becomes more costly to acquire a lease extension. This is why it is advisable to increase the term of the lease. It is often difficult to sell a property with a short lease because mortgage companies may be unwilling to lend money on such properties. Lease extension can be a protracted process. We advise that you get professional help from a conveyancer and surveyor with experience in this arena

    Having spent years of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Bounds Green. Can we issue an application to the Residential Property Tribunal Service?

    You certainly can. We are happy to put you in touch with a Bounds Green conveyancing firm who can help.

    An example of a Lease Extension decision for a Bounds Green residence is First Floor Flat 109 Lyndhurst Road in May 2010. Following a vesting order by Edmonton County Court on 29th October 2009 the Tribunal decided on a figure of £5,012 for a lease extension. This case affected 1 flat. The the unexpired residue of the current lease was 81.79 years.

    Are there frequently found problems that you come across in leases for Bounds Green properties?

    There is nothing unique about leasehold conveyancing in Bounds Green. All leases are unique and legal mistakes in the legal wording can sometimes mean that certain provisions are erroneous. The following missing provisions could result in a defective lease:

    • Repairing obligations to or maintain elements of the property
    • A duty to insure the building
    • Clauses dealing with recovering service charges for expenditure on the building or common parts.
    • Maintenance charge proportions which don’t add up to the correct percentage

    You may have a problem when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Barclays , Norwich and Peterborough Building Society, and Godiva Mortgages Ltd all have express requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to provide security, forcing the purchaser to pull out.