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Leasehold conveyancing in Matlock is more complex than freehold. Your home move will be smoother where you choose a lawyer with a wealth of experience of leasehold conveyancing in Matlock and next step up in loc. The lawyers we recommend have been approved by your lender so use our search tool to check.

Common questions relating to Matlock leasehold conveyancing

I am in need of some leasehold conveyancing in Matlock. Before diving in I require certainty as to the unexpired term of the lease.

If the lease is recorded at the land registry - and most are in Matlock - then the leasehold title will always include the short particulars 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.

My husband and I may need to rent out our Matlock ground floor flat temporarily due to taking a sabbatical. We used a Matlock conveyancing practice in 2002 but they have since shut and we did not have the foresight to get any advice as to whether the lease allows us to sublet. How do we find out?

A small minority of properties in Matlock do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord cannot unreasonably withhold but, in such cases, they would need to see references. Experience suggests that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.

Planning to complete next month on a leasehold property in Matlock. Conveyancing lawyers assured me that they report fully on Monday. What should I be looking out for?

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

  • The length of the lease term You should be advised as what happens when the lease expires, and aware of the importance of the 80 year mark
  • The total extent of the demise. This will be the property itself but may incorporate a loft or cellar if appropriate.
  • Whether the lease restricts you from renting out the property, or working from home
  • Ground rent - how much and when you need to pay, and also know whether this is subject to change
  • Changes to the flat (alterations and additions)
  • 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 details of the information to be contained in your report on your leasehold property in Matlock please enquire of your lawyer in ahead of your conveyancing in Matlock

    • I am attracted to a two apartments in Matlock both have approximately forty five years remaining on the leases. Do I need to be concerned?

    There are plenty of short leases in Matlock. The lease is a right to use the property for a period of time. As the lease shortens the marketability of the lease decreases and results in it becoming more costly to acquire a lease extension. This is why it is generally wise to increase the term of the lease. More often than not it is difficulties arise selling premises with a short lease as mortgage companies less inclined to grant a loan on such properties. Lease enfranchisement can be a protracted process. We recommend you seek professional help from a solicitor and surveyor with experience in this field

    Can you offer any advice when it comes to appointing a Matlock conveyancing firm to carry out our lease extension conveyancing?

    When appointing a conveyancer for your lease extension (regardless if they are a Matlock conveyancing firm) it is essential that they be familiar with the legislation and specialises in this area of work. We recommend that you make enquires with two or three firms including non Matlock conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. Some following of questions might be of use:

    • If the firm is not ALEP accredited then what is the reason?
  • What are the costs for lease extension conveyancing?

    • I bought a studio flat in Matlock, conveyancing formalities finalised 2008. Can you work out an approximate cost of a lease extension? Comparable flats in Matlock with an extended lease are worth £245,000. The ground rent is £45 invoiced annually. The lease ends on 21st October 2087

    With 62 years remaining on your lease we estimate the price of your lease extension to be between £23,800 and £27,400 plus legals.

    The figure that we have given is a general guide to costs for renewing a lease, but we are not able to supply the actual costs in the absence of detailed investigations. Do not use the figures in tribunal or court proceedings. There may be additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.

    Other Topics

    Lease Extensions in Matlock