Examples of recent questions relating to leasehold conveyancing in South Hornchurch
I am in need of some leasehold conveyancing in South Hornchurch. Before I get started I would like to find out the remaining lease term.
If the lease is registered - and most are in South Hornchurch - then the leasehold title will always include the basic details 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.
Looking forward to complete next month on a leasehold property in South Hornchurch. Conveyancing solicitors have said that they report fully on Monday. What should I be looking out for?
Your report on title for your leasehold conveyancing in South Hornchurch should include some of the following:
- Details of the parties to the lease, for example these could be the leaseholder (you), head lessor, landlord
What are your top tips when it comes to finding a South Hornchurch conveyancing firm to carry out our lease extension conveyancing?
If you are instructing a property lawyer for your lease extension (regardless if they are a South Hornchurch conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We suggested that you talk with two or three firms including non South Hornchurch conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. Some following of questions could be of use:
- How many lease extensions has the firm conducted in South Hornchurch in the last 12 months?
Completion in due on our sale of a £125000 flat in South Hornchurch in 10 days. The landlords agents has quoted £372 for Certificate of Compliance, insurance certificate and 3 years service charge statements. Is it legal for a freeholder to charge such fees for a leasehold conveyance in South Hornchurch?
South Hornchurch conveyancing on leasehold apartments normally results in administration charges levied by landlords agents :
- Answering conveyancing due diligence questions
- Where consent is required before sale in South Hornchurch
- Copies of the building insurance and schedule
- Deeds of covenant upon sale
- Registering of the assignment of the change of lessee after a sale
We have reached the end of our tether in trying to purchase the freehold in South Hornchurch. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Most certainly. We can put you in touch with a South Hornchurch conveyancing firm who can help.
An example of a Lease Extension decision for a South Hornchurch flat is 37 Lodge Court High Street in November 2013. the decision of the LVT was that the premium to be paid for the new lease was £25,559 This case related to 1 flat. The remaining number of years on the lease was 57.5 years.
What makes a South Hornchurch lease unacceptable for security purposes?
There is nothing unique about leasehold conveyancing in South Hornchurch. All leases is drafted differently and legal mistakes in the legal wording can result in certain clauses are missing. The following missing provisions could result in a defective lease:
- Repairing obligations to or maintain parts of the building
- A duty to insure the building
- 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 have difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Yorkshire Building Society, The Royal Bank of Scotland, and Aldermore all have express 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 provide security, forcing the buyer to withdraw.