Leasehold Conveyancing in Maldon - Get a Quote from the leasehold experts approved by your lender

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When it comes to leasehold conveyancing in Maldon, you will need to chose a conveyancing lawyer with leasehold experience. Whether your mortgage company is to be Lloyds, Yorkshire Building Society or Nationwide make sure you choose a lawyer on their approved list. Find a Maldon conveyancing lawyer with our search tool

Maldon leasehold conveyancing Example Support Desk Enquiries

Planning to sign contracts shortly on a basement flat in Maldon. Conveyancing lawyers have said that they report fully on Monday. Are there areas in the report that I should be focusing on?

Your report on title for your leasehold conveyancing in Maldon should include some of the following:

  • You should be sent a copy of the lease
  • The length of the lease term You should be advised as what happens when the lease expires, and informed of the importance of not letting the lease term falling below eighty years
  • Details of the parties to the lease, for example these could be the leaseholder (you), head lessor, landlord
  • Ground rent - how much and when you need to pay, and also know whether this will change in the future
  • Repair and maintenance of the flat
  • Whether the landlord has obligations to ensure rights of quiet enjoyment over your property and do you know what it means in practice?
  • Responsibility for repairing the window frames For a comprehensive list of information to be contained in your report on your leasehold property in Maldon please enquire of your solicitor in advance of your conveyancing in Maldon

    • I today plan to offer on a house that seems to meet my requirements, at a reasonable price which is making it more attractive. I have since found out that the title is leasehold as opposed to freehold. I am assuming that there are issues purchasing a leasehold house in Maldon. Conveyancing advisers have are about to be appointed. Will my lawyers set out the implications of buying a leasehold house in Maldon ?

    The majority of houses in Maldon are freehold rather than leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area can help the conveyancing process. it is apparent that you are purchasing in Maldon in which case you should be shopping around for a Maldon conveyancing practitioner and be sure that they have experience in transacting on leasehold houses. As a matter of priority you will need to check the number of years remaining. As a leaseholder you will not be at liberty to do whatever you want to the property. The lease comes with conditions such as requiring the landlord’sconsent to conduct changes to the property. It may be necessary to pay a maintenance charge towards the upkeep of the communal areas where the house is part of an estate. Your lawyer should appraise you on the various issues.

    I am tempted by the attractive purchase price for a two maisonettes in Maldon both have about forty five years unexpired on the leases. should I be concerned?

    There are plenty of short leases in Maldon. The lease is a right to use the premises for a period of time. As a lease gets shorter the marketability of the lease reduces and results in it becoming more costly to acquire a lease extension. This is why it is often a good idea to increase the term of the lease. More often than not it is difficult to sell a property with a short lease because mortgage companies may be reluctant to lend money on such properties. Lease enfranchisement can be a protracted process. We recommend you get professional help from a solicitor and surveyor with experience in this field

    I work for a long established estate agency in Maldon where we see a few flat sales put at risk due to short leases. I have been given contradictory information from local Maldon conveyancing solicitors. Please can you confirm whether the vendor of a flat can instigate the lease extension formalities for the purchaser on completion of the sale?

    Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the disposal of the property.

    An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.

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

    When appointing a conveyancer for your lease extension (regardless if they are a Maldon conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We recommend that you make enquires with several firms including non Maldon conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. Some following of questions might be useful:

    • How familiar is the firm with lease extension legislation?
  • How many lease extensions has the firm conducted in Maldon in the last year?

    • Leasehold Conveyancing in Maldon - Examples of Questions you should ask before buying

      Is the freehold reversion owned collectively by the tenants? Are any of leasehold owners in dispute over their service charge liability? Does the lease have onerous restrictions?

    Other Topics

    Lease Extensions in Maldon