Fixed-fee leasehold conveyancing in Montacute:

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When it comes to leasehold conveyancing in Montacute, you will need to instruct a conveyancing practitioner with leasehold experience. Whether your lender is to be Clydesdale , Yorkshire Building Society or Nationwide be sure to choose a lawyer on their approved list. Feel free to use our search tool

Recently asked questions relating to Montacute leasehold conveyancing

Looking forward to complete next month on a studio apartment in Montacute. Conveyancing lawyers have said that they will have a report out to me next week. What should I be looking out for?

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

  • You should receive a copy of the lease
  • Does the lease prevent you from renting out the flat, or working from home
  • Repair and maintenance of the flat
  • 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
  • The landlord’s rights to access the flat you be made aware that your landlord has rights of access and I know how much notice s/he must provide.
  • What you can do if a neighbour is in violation of a provision in their lease?
  • What the implications are if you breach a clause of your lease? For details of the information to be included in your report on your leasehold property in Montacute please enquire of your conveyancer in advance of your conveyancing in Montacute

    • I own a leasehold house in Montacute. Conveyancing and Clydesdale mortgage are in place. A letter has just been received from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1996. The conveyancing practitioner in Montacute who acted for me is not around.What should I do?

    First make enquiries of HMLR to be sure that the individual claiming to own the freehold is in fact the registered owner of the freehold reversion. It is not necessary to incur the fees of a Montacute conveyancing practitioner to do this as you can do this on the Land Registry website for a few pound. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

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

    When appointing a conveyancer for lease extension works (regardless if they are a Montacute conveyancing firm) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We suggested that you talk with two or three firms including non Montacute 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 helpful:

    • If the firm is not ALEP accredited then what is the reason?
  • How many lease extensions has the firm carried out in Montacute in the last 12 months?

    • Do you have any advice for leasehold conveyancing in Montacute from the perspective of saving time on the sale process?

    • Much of the frustration in leasehold conveyancing in Montacute can be bypassed if you get in touch lawyers as soon as you market your property and request that they start to collate the leasehold information which will be required by the buyers solicitors.
    • Many freeholders or Management Companies in Montacute levy fees for supplying management packs for a leasehold premises. You or your lawyers should enquire as to the actual amount of the charges. The management pack sought as soon as you have a buyer, thus reducing delays. The average time it takes to receive management information is three weeks. It is the most frequent reason for delay in leasehold conveyancing in Montacute.
  • If you have carried out any alterations to the premises would they have required Landlord’s consent? In particular have you laid down wooden flooring? Most leases in Montacute state that internal structural alterations or laying down wooden flooring necessitate a licence issued by the Landlord consenting to such alterations. Should you dont have the paperwork to hand do not communicate with the landlord without checking with your conveyancer first.
  • A minority of Montacute leases require Licence to Assign from the landlord. If this applies to your lease, you should notify your estate agents to make sure that the purchasers put in hand bank and professional references. The bank reference will need to confirm that the buyers are financially capable of paying the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the purchasers or their lawyers.
  • If you are supposed to have a share in the freehold, you should make sure that you are holding the original share certificate. Obtaining a replacement share certificate is often a time consuming process and frustrates many a Montacute conveyancing transaction. If a new share certificate is required, you should approach the company officers or managing agents (if relevant) for this as soon as possible.

    • Our conveyancer has advised that he intends to complete and exchange simultaneously on the disposal of our £400000 maisonette in Montacute next week. The management company has quoted £300 for Certificate of Compliance, insurance certificate and 3 years service charge statements. Is it legal for a freeholder to charge an administration fee for a flat conveyance in Montacute?

    Montacute conveyancing on leasehold maisonettes normally involves the purchaser’s lawyer sending enquiries for the landlord to answer. Although the landlord is under no legal obligation to respond to such questions the majority will be willing to do so. They may invoice a reasonable administration fee for answering enquiries or supplying documentation. There is no upper cap for such fees. The average fee for the information that you are referring to is over three hundred pounds, in some cases it is above £800. The management information fee required by the landlord must be sent together with a summary of entitlements and obligations in respect of administration charges, otherwise the charge is technically not due. In reality one has little option but to pay whatever is requested of you if you want to exchange contracts with the buyer.

    Montacute Leasehold Conveyancing - A selection of Questions you should ask before buying

      The majority of Montacute leasehold properties will have a service bill for maintenance of the block set on behalf of the freeholder. Where you purchase the apartment you will have to pay this liability, usually quarterly during the year. This may differ from several hundred pounds to thousands of pounds for blocks with lifts and large common areas. In all likelihood there will be a ground rent for you to pay yearly, this is usually not a exorbitant figure, say about £50-£100 but you need to enquire it because occasionally it could be prohibitively expensive. Who takes responsibility for maintaining and repairing the building? What is the service charge and ground rent on the apartment?

    Other Topics

    Lease Extensions in Montacute