Guaranteed fixed fees for Leasehold Conveyancing in New Addington

When it comes to leasehold conveyancing in New Addington, you will need to chose a conveyancing lawyer with leasehold experience. Whether your lender is to be Halifax, RBS or NatWest make sure you find a lawyer on their panel. Find a New Addington conveyancing lawyer with our search tool

Sample questions relating to New Addington leasehold conveyancing

My fiance and I may need to sub-let our New Addington 1st floor flat temporarily due to a new job. We used a New Addington conveyancing firm in 2003 but they have closed and we did not think at the time get any advice as to whether the lease prohibits the subletting of the flat. How do we find out?

Some leases for properties in New Addington do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord is not entitled to unreasonably withhold but, in such cases, they would need to see references. Experience suggests that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.

I today plan to offer on a house that appears to meet my requirements, at a reasonable figure which is making it more attractive. I have since discovered that the title is leasehold rather than freehold. I would have thought that there are issues buying a house with a leasehold title in New Addington. Conveyancing lawyers have not yet been instructed. Will my lawyers set out the risks of buying a leasehold house in New Addington ?

The majority of houses in New Addington are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area can help the conveyancing process. We note that you are buying in New Addington in which case you should be looking for a New Addington conveyancing practitioner and be sure that they have experience in dealing with leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a leaseholder you will not be at liberty to do whatever you want to the property. The lease comes with conditions such as obtaining the freeholder’spermission to conduct alterations. You may also be required to pay a contribution towards the maintenance of the communal areas where the house is part of an estate. Your lawyer should appraise you on the various issues.

I own a leasehold flat in New Addington. Conveyancing and Chelsea Building Society mortgage went though with no issue. I have received a letter from someone claiming to own the freehold. It included a demand for arrears of ground rent dating back to 1993. The conveyancing solicitor in New Addington who acted for me is not around.Do I pay?

The first thing you should do is contact the Land Registry to be sure that this person is in fact the registered owner of the freehold reversion. You do not need to incur the fees of a New Addington conveyancing firm to do this as you can do this on the Land Registry website for £3. You should note that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

I am looking at a couple of apartments in New Addington which have in the region of 50 years remaining on the leases. should I be concerned?

A lease is a legal document that entitles you to use the property for a prescribed time frame. As the lease shortens the saleability of the lease reduces and it becomes more expensive to extend the lease. For this reason it is advisable to increase the term of the lease. Sometimes it is difficult to sell a property with a short lease as mortgage lenders less inclined to grant a loan on such properties. Lease extension can be a difficult process. We advise that you seek professional assistance from a conveyancer and surveyor with experience in this area

Do you have any top tips for leasehold conveyancing in New Addington from the perspective of saving time on the sale process?

  • A significant proportion of the frustration in leasehold conveyancing in New Addington can be avoided where you get in touch lawyers as soon as your agents start marketing the property and ask them to collate the leasehold information which will be required by the buyers representatives.
  • Many freeholders or managing agents in New Addington levy fees for providing management packs for a leasehold property. You or your lawyers should enquire as to the fee that they propose to charge. The management pack can be applied for on or before finding a buyer, thus accelerating the process. The average time it takes to obtain the necessary information is three weeks. It is the most common reason for frustration in leasehold conveyancing in New Addington.
  • If you have carried out any alterations to the property would they have required Landlord’s consent? Have you, for example installed wooden flooring? Most leases in New Addington state that internal structural alterations or installing wooden flooring require a licence issued by the Landlord approving such works. Where you fail to have the paperwork in place do not contact the landlord without contacting your lawyer in advance.
  • If you have had conflict with your landlord or managing agents it is essential that these are resolved prior to the flat being put on the market. The buyers and their solicitors will be reluctant to purchase a flat where a dispute is unresolved. You may have to bite the bullet and discharge any arrears of service charge or settle the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You will still have to reveal details of the dispute to the purchasers, but it is clearly preferable to present the dispute as historic rather than unsettled.
  • If you are supposed to have a share in the freehold, you should make sure that you are holding the original share certificate. Obtaining a duplicate share certificate is often a lengthy formality and frustrates many a New Addington conveyancing deal. If a new share is necessary, do contact the company director and secretary or managing agents (where applicable) for this sooner rather than later.

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

Most certainly. We are happy to put you in touch with a New Addington conveyancing firm who can help.

An example of a Freehold Enfranchisement case for a New Addington premises is The Woodlands 95 Purley Park Road in April 2009. The Tribunals own valuation produced the figure of £37,912. This case affected 6 flats. The the unexpired residue of the current lease was 78.32 years.

I acquired a garden flat in New Addington, conveyancing formalities finalised 10 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding properties in New Addington with over 90 years remaining are worth £175,000. The average or mid-range amount of ground rent is £50 yearly. The lease ceases on 21st October 2097

You have 71 years remaining on your lease we estimate the price of your lease extension to range between £7,600 and £8,800 as well as professional fees.

The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed investigations. Do not use this information in tribunal or court proceedings. There may be additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.