Guaranteed fixed fees for Leasehold Conveyancing in Milton Keynes

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

Sample questions relating to Milton Keynes leasehold conveyancing

There are only Sixty One years unexpired on my lease in Milton Keynes. I now wish to get lease extension but my freeholder is absent. What should I do?

If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the magistrate. You will be obliged to prove that you have made all reasonable attempts to locate the freeholder. On the whole an enquiry agent should be useful to carry out a search and prepare a report which can be accepted by the court as proof that the landlord is indeed missing. It is wise to seek advice from a solicitor in relation to devolving into the landlord’s absence and the vesting order request to the County Court covering Milton Keynes.

I have just appointed agents to market my garden apartment in Milton Keynes.Conveyancing lawyers have not yet been instructed but I have just had a yearly service charge demand – Do I pay up?

It best that you pay 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 managing agents will not acknowledge the buyer unless 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. Having a clear account will assist your cause and will leave you no worse off financially.

I today plan to offer on a house that seems to be perfect, at a great price which is making it all the more appealing. I have just been informed that the title is leasehold as opposed to freehold. I am assuming that there are particular concerns purchasing a leasehold house in Milton Keynes. Conveyancing advisers have not yet been appointed. Will my lawyers set out the risks of buying a leasehold house in Milton Keynes ?

Most houses in Milton Keynes are freehold and not leasehold. This is one of the situations where having a local solicitor who is familiar with the area can help the conveyancing process. it is apparent that you are purchasing in Milton Keynes in which case you should be looking for a Milton Keynes conveyancing solicitor and be sure that they have experience in dealing with leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a leaseholder you will not be entirely free to do whatever you want to the property. The lease comes with conditions for example obtaining the freeholder’spermission to carry out alterations. You may also be required to pay a maintenance charge towards the maintenance of the communal areas where the property is part of an estate. Your conveyancer should advise you fully on all the issues.

Last month I purchased a leasehold flat in Milton Keynes. Am I liable to pay service charges for periods before 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. However, your landlord may still be able to take action to forfeit the lease. A critical element 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 finding a Milton Keynes conveyancing firm to deal with our lease extension?

When appointing a solicitor for your lease extension (regardless if they are a Milton Keynes conveyancing firm) it is most important that he or she should be familiar with the legislation and specialises in this area of work. We suggested that you make enquires with two or three firms including non Milton Keynes conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. Some following of questions could be helpful:

  • If they are not ALEP accredited then what is the reason?
  • Can they put you in touch with client in Milton Keynes who can give a testimonial?

  • Milton Keynes Conveyancing for Leasehold Flats - Examples of Queries before Purchasing

      The answer will be useful as a) areas can cause problems for the block as the common areas may start to deteriorate where repairs are not paid for b) if the leasehold owners have a dispute with the managing agents you will want to have all the details Most Milton Keynes leasehold flats will have a service bill for the upkeep of the block set on behalf of the management company. Should you purchase the apartment you will have to pay this charge, normally periodically throughout the year. This could be anything from two or three hundred pounds to thousands of pounds for buildings with lifts and large communal areas. There will also be a rentcharge to be met annual, ordinarily this is not a large amount, say approximately £25-£75 but you need to check as sometimes it could be many hundreds of pounds. It would be sensible to discover as much as you can regarding the company managing the block as they will either make living at the property much easier or a lot more difficult. As the proprietor of a leasehold property you will be at the mercy of the managing agents from a financial perspective and when it comes to practical matters like the cleanliness of the communal areas. You should not be shy to ask prospective neighbours what they think of their service. On a final note, find out the dates that you are obliged pay the service charge to the managing agents and specifically what it includes.

    Other Topics

    Lease Extensions in Milton Keynes