Leasehold Conveyancing in Cubitt Town - Get a Quote from the leasehold experts approved by your lender

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Common questions relating to Cubitt Town leasehold conveyancing

Due to exchange soon on a ground floor flat in Cubitt Town. Conveyancing solicitors assured me that they report fully within the next couple of days. Are there areas in the report that I should be focusing on?

The report on title for your leasehold conveyancing in Cubitt Town should include some of the following:

  • Details of the parties to the lease, for example these could be the leaseholder (you), head lessor, landlord
  • Ground rent - how much and when you need to pay, and also know whether this will change in the future
  • You should have a good understanding of the insurance provisions
  • Repair and maintenance of the flat
  • 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.
  • What you can do if a neighbour breach a clause of their lease?
  • What the implications are if you breach a clause of your lease? For a comprehensive list of information to be included in your report on your leasehold property in Cubitt Town please enquire of your solicitor in ahead of your conveyancing in Cubitt Town

    • Back In 2009, I bought a leasehold house in Cubitt Town. Conveyancing and Nationwide Building Society mortgage organised. A letter has just been received from someone claiming to own the reversionary interest in the property. It included a ground rent demand for rent dating back to 1996. The conveyancing solicitor in Cubitt Town who previously acted has now retired.What should I do?

    First make enquiries of the Land Registry to make sure that this person is indeed the new freeholder. It is not necessary to instruct a Cubitt Town conveyancing solicitor to do this as it can be done on-line for £3. Rest assured that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.

    I am attracted to a couple of apartments in Cubitt Town both have in the region of fifty years left on the leases. Should I regard a short lease as a deal breaker?

    There are plenty of short leases in Cubitt Town. The lease is a right to use the property for a prescribed time frame. As the lease shortens the saleability of the lease decreases and results in it becoming more expensive to acquire a lease extension. For this reason it is generally wise to increase the term of the lease. It is often difficult to sell a property with a short lease because mortgage lenders may be reluctant to lend money on properties of this type. Lease enfranchisement can be a difficult process. We recommend you get professional help from a solicitor and surveyor with experience in this area

    Can you offer any advice when it comes to choosing a Cubitt Town conveyancing firm to deal with our lease extension?

    When appointing a conveyancer for lease extension works (regardless if they are a Cubitt Town conveyancing firm) it is most important that he or she should be familiar with the legislation and specialises in this area of work. We recommend that you speak with several firms including non Cubitt Town conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. Some following of questions could be of use:

    • How familiar is the practice with lease extension legislation?
  • Can they put you in touch with client in Cubitt Town who can give a testimonial?

    • I inherited a a ground floor purpose built flat in Cubitt Town. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal make a decision on the amount due for a lease extension?

    You certainly can. We can put you in touch with a Cubitt Town conveyancing firm who can help.

    An example of a Freehold Enfranchisement matter before the tribunal for a Cubitt Town property is 12, 14 & 16 Hull Close in May 2010. the Tribunal determined that the premium payable for the acquisition of the freehold to the subject premises was the sum of £18,300 This case affected 3 flats. The unexpired lease term was 101.61 years.

    What makes a Cubitt Town lease unacceptable for security purposes?

    Leasehold conveyancing in Cubitt Town is not unique. Most leases are individual and legal mistakes in the legal wording can result in certain clauses are not included. For example, if your lease is missing any of the following, it could be defective:

    • Repairing obligations to or maintain parts of the premises
    • Insurance obligations
    • A provision for the recovery of money spent for the benefit of another party.
    • Maintenance charge proportions which don’t add up to the correct percentage

    You could encounter a problem when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. National Westminster Bank, The Mortgage Works, and Platform Home Loans Ltd all have very detailed conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to grant the mortgage, obliging the buyer to withdraw.

    Other Topics

    Lease Extensions in Cubitt Town