Fixed-fee leasehold conveyancing in Maidenbower:

While any conveyancing solicitor can theoretically deal with your leasehold conveyancing in Maidenbower, your mortgage provider may unwilling to work with them if the firm are not on their list of approved solicitors for conveyancing

Maidenbower leasehold conveyancing Example Support Desk Enquiries

I own a leasehold flat in Maidenbower. Conveyancing and Coventry Building Society mortgage are in place. I have received a letter from someone claiming to own the freehold. Attached was a ground rent demand for rent dating back to 1996. The conveyancing practitioner in Maidenbower who previously acted has now retired.Any advice?

First contact HMLR to make sure that this person is in fact the registered owner of the freehold reversion. You do not need to instruct a Maidenbower conveyancing practitioner to do this as you can do this on the Land Registry website for £3. You should note that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.

I've recently bought a leasehold house in Maidenbower. Do I have any liability for service charges relating to a period prior to my ownership?

Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

What advice can you give us when it comes to appointing a Maidenbower conveyancing firm to deal with our lease extension?

If you are instructing a solicitor for lease extension works (regardless if they are a Maidenbower conveyancing practice) it is essential that he or she should be familiar with the legislation and specialises in this area of work. We advise that you make enquires with two or three firms including non Maidenbower conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. Some following of questions could be useful:

  • What volume of lease extensions have they conducted in Maidenbower in the last year?
  • Can they put you in touch with client in Maidenbower who can give a testimonial?

  • All being well we will complete the sale of our £400000 flat in Maidenbower on Tuesday in a week. The management company has quoted £348 for Landlord’s certificate, insurance certificate and previous years statements of service charge. Is the landlord entitled to charge exorbitant fees for a flat conveyance in Maidenbower?

    Maidenbower conveyancing on leasehold apartments normally necessitates administration charges levied by landlords agents :

    • Completing pre-contract enquiries
    • Where consent is required before sale in Maidenbower
    • 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 lawyer will have no control over the level of the charges for this information but the average costs for the information for Maidenbower leasehold premises is £350. For Maidenbower 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 supply the information.

    Are there frequently found problems that you witness in leases for Maidenbower properties?

    There is nothing unique about leasehold conveyancing in Maidenbower. All leases are unique and drafting errors can sometimes mean that certain clauses are wrong. The following missing provisions could result in a defective lease:

    • Repairing obligations to or maintain elements of the property
    • Insurance obligations
    • A provision for the recovery of money spent for the benefit of another party.
    • Service charge per centages that don't add up correctly leaving a shortfall

    You could have a problem 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, Barnsley Building Society, and Clydesdale all have express requirements 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, obliging the purchaser to withdraw.

    I bought a studio flat in Maidenbower, conveyancing formalities finalised in 2000. Can you let me have an estimated range of the fair premium for a lease extension? Similar properties in Maidenbower with a long lease are worth £261,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease terminates on 21st October 2104

    You have 78 years unexpired the likely cost is going to span between £11,400 and £13,200 plus professional fees.

    The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of detailed due diligence. Do not use this information in tribunal or court proceedings. There may be additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.

    Other Topics

    Lease Extensions in Maidenbower