I am on look out for some leasehold conveyancing in Lytchett Matravers. Before I get started I would like to find out the unexpired term of the lease.

Assuming the lease is recorded at the land registry - and 99.9% are in Lytchett Matravers - 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.

I today plan to offer on a house that appears to meet my requirements, at a reasonable figure which is making it all the more appealing. I have since discovered that the title is leasehold rather than freehold. I am assuming that there are particular concerns buying a house with a leasehold title in Lytchett Matravers. Conveyancing solicitors have are about to be appointed. Will they explain the issues?

Most houses in Lytchett Matravers are freehold and not leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can assist with the conveyancing process. It is clear that you are purchasing in Lytchett Matravers so you should seriously consider looking for a Lytchett Matravers 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 tenant you will not be entirely free to do whatever you want to the property. The lease will likely included provisions for example requiring the landlord’sconsent to conduct alterations. It may be necessary to pay a service charge towards the maintenance of the communal areas where the house is located on an estate. Your solicitor will advise you fully on all the issues.

My wife and I purchased a leasehold house in Lytchett Matravers. Conveyancing and HSBC Bank mortgage went though with no issue. I have received a letter from someone claiming to own the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1994. The conveyancing solicitor in Lytchett Matravers who acted for me is not around.Any advice?

The first thing you should do is make enquiries of the Land Registry to make sure that the individual claiming to own the freehold is indeed the new freeholder. There is no need to instruct a Lytchett Matravers conveyancing practitioner 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 legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

I am attracted to a two apartments in Lytchett Matravers both have about forty five years unexpired on the lease term. Will this present a problem?

A lease is a legal document that entitles you to use the premises for a period of time. As a lease gets shorter the saleability of the lease decreases and it becomes more expensive to extend the lease. For this reason it is generally wise to extend the lease term. More often than not it is difficulties arise selling premises with a short lease because mortgage lenders may be reluctant to lend money on properties of this type. Lease extension can be a difficult process. We recommend you get professional help from a solicitor and surveyor with experience in this arena

If all goes to plan we aim to complete our sale of a £450000 apartment in Lytchett Matravers next week. The landlords agents has quoted £360 for Certificate of Compliance, building insurance schedule and previous years statements of service charge. Is it legal for a freeholder to charge exorbitant fees for a flat conveyance in Lytchett Matravers?

Lytchett Matravers conveyancing on leasehold apartments normally necessitates the buyer’s conveyancer sending questions for the landlord to address. Although the landlord is not legally bound to address such questions the majority will be willing to assist. They are entitled levy a reasonable administration fee for responding to enquiries or supplying documentation. There is no set fee. The average costs for the information that you are referring to is £350, in some transactions it is in excess of £800. The administration charge levied by the landlord must be sent together with a synopsis of entitlements and obligations in relation to administration charges, without which the invoice is technically not due. Reality however dictates that you have no option but to pay whatever is demanded if you want to sell the property.

Lytchett Matravers Leasehold Conveyancing - A selection of Queries before buying

This question is helpful as a) areas could result in problems for the block as the communal areas may begin to deteriorate where services remain unpaid b) if the leaseholders have an issue with the running of the building you will need to have all the details You will want to discover as much as possible about the managing agents as they can either make your living at the property much easier or problematic. Being a leasehold owner you are frequently in the clutches of the managing agents both financially and when it comes to practical issues such as the tidiness of the common parts. Ask prospective neighbours if they are happy with them. In conclusion, be sure you know the dates that the maintenance fees are due to the managing agents and precisely what it includes. Make sure you discover if there are any onerous restrictions in the lease. For example it is reasonably common in Lytchett Matravers leases that pets are not allowed in certain buildings in Lytchett Matravers. If you love the propertyin Lytchett Matravers but your dog can’t make the move with you then you will be faced difficult compromise.

Other Topics

Lease Extensions in Lytchett Matravers