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While any conveyancing practice can theoretically deal with your leasehold conveyancing in Melton Mowbray, your mortgage provider may not be willing to work with them if the firm are not on their list of approved solicitors for conveyancing

Melton Mowbray leasehold conveyancing: Q and A’s

Planning to sign contracts shortly on a ground floor flat in Melton Mowbray. Conveyancing lawyers have said that they are sending me a report next week. What should I be looking out for?

The report on title for your leasehold conveyancing in Melton Mowbray should include some of the following:

  • The physical extent of the demise. This will be the property itself but might incorporate a loft or basement if applicable.
  • Are pets allowed in the flat?
  • Whether the lease restricts you from renting out the property, or having a home office for business
  • Changes to the flat (alterations and additions)
  • I don't know whether the lease allows me to alter or improve anything in the flat - you should know whether it applies to all alterations or just structural alteration, and whether consent is required
  • Responsibility for repairing the window frames
  • What the implications are if you breach a clause of your lease? For a comprehensive list of information to be included in your report on your leasehold property in Melton Mowbray please enquire of your solicitor in ahead of your conveyancing in Melton Mowbray

    • I have just appointed agents to market my ground floor apartment in Melton Mowbray.Conveyancing lawyers have not yet been instructed but I have just received a quarterly service charge invoice – Do I pay up?

    It best that you clear the invoice as normal because all ground rent and service charges will be apportioned on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.

    Back In 2001, I bought a leasehold flat in Melton Mowbray. Conveyancing and Yorkshire Building Society mortgage went though with no issue. A letter has just been received from someone saying they have taken over the freehold. It included a demand for arrears of ground rent dating back to 1992. The conveyancing solicitor in Melton Mowbray who previously acted has now retired.What should I do?

    First contact the Land Registry to make sure that this person is indeed the new freeholder. You do not need to instruct a Melton Mowbray conveyancing practitioner to do this as you can do this on the Land Registry website for £3. Rest assured that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.

    I am looking at a couple of maisonettes in Melton Mowbray both have about fifty years left on the lease term. Should I regard a short lease as a deal breaker?

    A lease is a legal document that entitles you to use the premises for a period of time. As a lease shortens the marketability of the lease reduces and results in it becoming more costly to acquire a lease extension. For this reason it is advisable to extend the lease term. More often than not it is difficulties arise selling premises with a short lease as mortgage lenders less inclined to grant a loan on properties of this type. Lease extension can be a protracted process. We recommend you get professional assistance from a conveyancer and surveyor with experience in this arena

    Last month I purchased a leasehold property in Melton Mowbray. Do I have any liability for service charges relating to a period prior to completion of my purchase?

    In a situation 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. A critical element of leasehold conveyancing for your conveyancer to ensure 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).

    Melton Mowbray Conveyancing for Leasehold Flats - A selection of Queries before Purchasing

      If a Melton Mowbray lease has no more than 80 years it will have adverse implications on the value of the property. It is worth checking with your mortgage company that they are content with the length of the lease. Leases with fewer than 80 years remaining means that you will probably require a lease extension at some point and it is worth finding out what this would cost. For most Melton Mowbraylease extensions you will be required to have been the owner of the residence for a couple of years in order to be legally able to exercise a lease extension. What is the annual maintenance fee and ground rent? What is the the remaining lease term?

    Other Topics

    Lease Extensions in Melton Mowbray