Leasehold Conveyancing in Hampstead Garden Suburb - Get a Quote from the leasehold experts approved by your lender

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Hampstead Garden Suburb leasehold conveyancing Example Support Desk Enquiries

Planning to sign contracts shortly on a garden flat in Hampstead Garden Suburb. Conveyancing lawyers inform me that they report fully tomorrow. What should I be looking out for?

The report on title for your leasehold conveyancing in Hampstead Garden Suburb should include some of the following:

  • The length of the lease term You should be advised as what happens when the lease expires, and informed of the importance of the 80 year mark
  • Details of the parties to the lease, for example these could be the leaseholder (you), head lessor, freeholder
  • Do you need to have carpet in the flat or are you allowed wood flooring?
  • You should be told what constitutes a Nuisance in the lease
  • Changes to the flat (alterations and additions)
  • 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
  • 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 Hampstead Garden Suburb please ask your solicitor in advance of your conveyancing in Hampstead Garden Suburb

    • Estate agents have just been given the go-ahead to market my 2 bed flat in Hampstead Garden Suburb.Conveyancing is yet to be initiated but I have just received a yearly maintenance charge demand – Do I pay up?

    Your conveyancing lawyer is likely to suggest that you should discharge 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 management companies 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.

    My wife and I purchased a leasehold flat in Hampstead Garden Suburb. Conveyancing and Accord Mortgages Ltd mortgage organised. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1997. The conveyancing practitioner in Hampstead Garden Suburb who acted for me is not around.What should I do?

    First make enquiries of HMLR to be sure that the individual purporting to own the freehold is indeed the new freeholder. It is not necessary to incur the fees of a Hampstead Garden Suburb conveyancing lawyer to do this as it can be done on-line 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.

    What advice can you give us when it comes to finding a Hampstead Garden Suburb conveyancing practice to deal with our lease extension?

    When appointing a conveyancer for lease extension works (regardless if they are a Hampstead Garden Suburb conveyancing practice) it is essential that they be familiar with the legislation and specialises in this area of work. We suggested that you talk with two or three firms including non Hampstead Garden Suburb conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. Some following of questions might be helpful:

    • If the firm is not ALEP accredited then why not?
  • What volume of lease extensions have they conducted in Hampstead Garden Suburb in the last year?

    • Do you have any top tips for leasehold conveyancing in Hampstead Garden Suburb from the perspective of expediting the sale process?

    • A significant proportion of the frustration in leasehold conveyancing in Hampstead Garden Suburb can be reduced if you appoint lawyers as soon as your agents start advertising the property and request that they start to collate the leasehold information needed by the purchasers’ solicitors.
    • Many freeholders or Management Companies in Hampstead Garden Suburb charge for supplying management packs for a leasehold premises. You or your lawyers should find out the fee that they propose to charge. The management pack can be applied for as soon as you have a buyer, thus accelerating the process. The typical amount of time it takes to receive management information is three weeks. It is the most frequent cause of delay in leasehold conveyancing in Hampstead Garden Suburb.
  • A minority of Hampstead Garden Suburb leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, it would be prudent to notify your estate agents to make sure that the purchasers obtain bank and professional references. The bank reference will need to confirm that the buyers are financially capable of paying the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the purchasers or their solicitors.
  • If you have the benefit of shareholding in the freehold, you should ensure that you are holding the original share document. Arranging a replacement share certificate can be a lengthy formality and frustrates many a Hampstead Garden Suburb conveyancing deal. If a duplicate share certificate is required, do contact the company director and secretary or managing agents (if relevant) for this at the earliest opportunity.
  • You believe that you know the number of years remaining on your lease but it would be advisable verify this via your conveyancers. A purchaser's lawyer will be unlikely to recommend their client to where the lease term is less than 75 years. In the circumstances it is important at an early stage that you consider whether the lease for your property needs extending. If it does, contact your solicitors before you put your premises on the market for sale.

    • I have given up trying to purchase the freehold in Hampstead Garden Suburb. Can this matter be resolved via the Leasehold Valuation Tribunal?

    Where there is a absentee freeholder or if there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the First-tier Tribunal (Property Chamber) to assess the price.

    An example of a Lease Extension decision for a Hampstead Garden Suburb property is FFF, 37 and Garage 1, Queensborough Court North Circular Road in September 2012. The Tribunal determined that the premium for the lease extension should be £67,037 This case related to 1 flat. The the unexpired term as at the valuation date was 23.66 years.