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

When it comes to leasehold conveyancing in Mottingham, you will need to chose a conveyancing solicitor with leasehold experience. Whether your lender is to be Lloyds, Birmingham Midshires or NatWest be sure to choose a lawyer on their approved list. Feel free to use our search tool

Frequently asked questions relating to Mottingham leasehold conveyancing

I’m about to sell my 2 bed apartment in Mottingham.Conveyancing has not commenced but I have just received a quarterly service charge invoice – Do I pay up?

It best that you pay the invoice 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.

I am hoping to put an offer on a small detached house that appears to be perfect, at a great price which is making it all the more appealing. I have subsequently discovered that it's a leasehold as opposed to freehold. I am assuming that there are issues buying a leasehold house in Mottingham. Conveyancing advisers have not yet been instructed. Will they explain the issues?

Most houses in Mottingham are freehold and not leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area can assist with the conveyancing process. We note that you are purchasing in Mottingham in which case you should be shopping around for a Mottingham conveyancing solicitor and check that they are used to advising on leasehold houses. First you will need to check the number of years remaining. As a lessee you will not be entirely free to do whatever you want to the property. The lease comes with conditions such as requiring the landlord’sconsent to conduct alterations. You may also be required to pay a maintenance charge towards the upkeep of the communal areas where the property is located on an estate. Your conveyancer will appraise you on the various issues.

I own a leasehold house in Mottingham. Conveyancing and Yorkshire Building Society mortgage are in place. I have received a letter from someone claiming to own the freehold. Attached was a demand for arrears of ground rent dating back to 1996. The conveyancing solicitor in Mottingham who previously acted has long since retired.Any advice?

The first thing you should do is make enquiries of HMLR to make sure that this person is indeed the registered owner of the freehold reversion. It is not necessary to incur the fees of a Mottingham conveyancing lawyer to do this as you can do this on the Land Registry website for £3. Rest assured that regardless, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.

I am tempted by the attractive purchase price for a two flats in Mottingham which have about forty five years left on the leases. Will this present a problem?

There are plenty of short leases in Mottingham. The lease is a legal document that entitles you to use the premises for a period of time. As the lease shortens the marketability of the lease decreases and it becomes more costly to extend the lease. This is why it is advisable to increase the term of the lease. More often than not it is difficulties arise selling premises with a short lease as mortgage lenders may be unwilling to lend money on properties of this type. Lease extension can be a protracted process. We advise that you seek professional help from a solicitor and surveyor with experience in this arena

If all goes to plan we aim to complete the sale of our £ 475000 apartment in Mottingham next week. The management company has quoted £<Macro 'feeRangeWithVAT'> for Certificate of Compliance, insurance certificate and previous years statements of service charge. Is it legal for a freeholder to charge exorbitant fees for a leasehold conveyance in Mottingham?

Mottingham conveyancing on leasehold flats usually involves fees being raised by freeholders :

  • Addressing pre-contract enquiries
  • Where consent is required before sale in Mottingham
  • Copies of the building insurance and schedule
  • Deeds of covenant upon sale
  • Registering of the assignment of the change of lessee after a sale
Your conveyancer will have no control over the level of the charges for this information but the average costs for the information for Mottingham leasehold premises is £350. For Mottingham conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are required to provide answers.

I have tried to negotiate informally with with my landlord for a lease extension without any joy. Can a leaseholder make an application to the Leasehold Valuation Tribunal? Can you recommend a Mottingham conveyancing firm to act on my behalf?

Most definitely. We are happy to put you in touch with a Mottingham conveyancing firm who can help.

An example of a Lease Extension matter before the tribunal for a Mottingham property is 49 Woodstock Court Burnt Ash Hill in May 2012. the payment of £64,116 by the leaseholder was the premium which the Tribunal found due for the lease extension in this case. This case was in relation to 1 flat. The the unexpired residue of the current lease was 23.26 years.

Mottingham Conveyancing for Leasehold Flats - A selection of Queries Prior to buying

    How is the lease structured? How much is the ground rent and service charge? The majority of Mottingham leasehold properties will incur a service bill for the upkeep of the building invoiced by the freeholder. Where you buy the flat you will have to pay this contribution, usually in instalments during the year. This can vary from a few hundred pounds to thousands of pounds for buildings with lifts and large communal grounds. In all probability there will be a rentcharge to be met annual, this is usually not a large sum, say around £50-£100 but you should to enquire it because occasionally it can be prohibitively expensive.