Lynmouth leasehold conveyancing Example Support Desk Enquiries
Expecting to sign contracts shortly on a basement flat in Lynmouth. Conveyancing lawyers inform me that they are sending me a report on Monday. What should I be looking out for?
Your report on title for your leasehold conveyancing in Lynmouth should include some of the following:
- The total extent of the demise. This will be the flat itself but may include a loft or cellar if applicable.
I own a leasehold flat in Lynmouth. Conveyancing and Bank of Ireland mortgage went though with no issue. A letter has just been received from someone claiming to own the freehold. Attached was a ground rent demand for rent dating back to 1994. The conveyancing practitioner in Lynmouth who acted for me is not around.Any advice?
First make enquiries of HMLR to make sure that this person is in fact the new freeholder. You do not need to incur the fees of a Lynmouth conveyancing lawyer to do this as you can do this on the Land Registry website for a few pound. You should note 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.
Can you offer any advice when it comes to finding a Lynmouth conveyancing firm to deal with our lease extension?
When appointing a solicitor for your lease extension (regardless if they are a Lynmouth conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of work. We suggested that you speak with several firms including non Lynmouth conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. Some following of questions might be useful:
- How many lease extensions has the firm completed in Lynmouth in the last 12 months?
Can you provide any top tips for leasehold conveyancing in Lynmouth with the aim of saving time on the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Lynmouth can be bypassed where you appoint lawyers the minute your agents start advertising the property and ask them to put together the leasehold information needed by the purchasers’ representatives.
- In the event that you altered the property did you need the Landlord’s approval? In particular have you installed wooden flooring? Most leases in Lynmouth state that internal structural changes or addition of wooden flooring require a licence from the Landlord acquiescing to such works. Should you fail to have the approvals to hand you should not communicate with the landlord without checking with your conveyancer in the first instance.
We expect to complete our sale of a £150000 flat in Lynmouth in nine days. The managing agents has quoted £360 for Certificate of Compliance, insurance certificate and previous years service charge statements. Is the landlord entitled to charge an administration fee for a leasehold conveyance in Lynmouth?
Lynmouth conveyancing on leasehold apartments normally necessitates the buyer’s lawyer sending questions for the landlord to answer. Although the landlord is not legally bound to respond to such questions the majority will be content to do so. They are entitled charge a reasonable administration fee for responding to enquiries or supplying documentation. There is no set fee. The average costs for the paperwork that you are referring to is £350, in some situations it exceeds £800. The management information fee required by the landlord must be accompanied by a synopsis of rights and obligations in respect of administration charges, without which the charge is technically not due. Reality however dictates that one has little choice but to pay whatever is requested of you should you wish to exchange contracts with the buyer.
Lynmouth Leasehold Conveyancing - A selection of Queries Prior to buying
For many Lynmouth leaseholds the outlay for major works tend not to be included within service charges, although some managing agents in Lynmouth require leaseholders to contribute towards a reserve fund created for the specific purpose of building a fund for larger works.
Are there any major works in the near future that could add a premium to the maintenance fees?
If a Lynmouth lease has fewer than eighty years it will have adverse implications on the salability of the property. It is worth checking with your mortgage company that they are happy with the length of the lease. Leases with less than 80 years remaining means that you will most likely have to extend the lease at some point and you need to have some idea of how much this would cost. Remember, in most cases you would need to own the residence for 24 months before you are legally able to extend the lease.