Fixed-fee leasehold conveyancing in Mountsorrel:

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Sample questions relating to Mountsorrel leasehold conveyancing

Having had my offer accepted I require leasehold conveyancing in Mountsorrel. Before I get started I require certainty as to the unexpired term of the lease.

Assuming the lease is registered - and most are in Mountsorrel - 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.

Frank (my husband) and I may need to let out our Mountsorrel 1st floor flat for a while due to taking a sabbatical. We used a Mountsorrel conveyancing practice in 2001 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?

Some leases for properties in Mountsorrel do contain a provision to say that subletting is only allowed with permission. The landlord is not entitled to unreasonably refuse but, in such cases, they would need to review 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 permission.

I've found a house that seems to be perfect, at a great price which is making it more attractive. I have just been informed that it's a leasehold rather than freehold. I would have thought that there are particular concerns buying a leasehold house in Mountsorrel. Conveyancing solicitors have are about to be instructed. Will my lawyers set out the implications of buying a leasehold house in Mountsorrel ?

Most houses in Mountsorrel are freehold rather than leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can assist with the conveyancing process. It is clear that you are purchasing in Mountsorrel so you should seriously consider shopping around for a Mountsorrel conveyancing solicitor and be sure that they have experience in transacting on leasehold houses. First you will need to check the unexpired lease term. As a lessee you will not be at liberty to do whatever you want with the house. The lease comes with conditions for example requiring the landlord’spermission to conduct alterations. It may be necessary to pay a maintenance charge towards the upkeep of the communal areas where the property is part of an estate. Your conveyancer will advise you fully on all the issues.

Can you offer any advice when it comes to choosing a Mountsorrel conveyancing practice to deal with our lease extension?

When appointing a property lawyer for your lease extension (regardless if they are a Mountsorrel conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of conveyancing. We advise that you talk with several firms including non Mountsorrel 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:

  • If they are not ALEP accredited then why not?
  • What are the legal fees for lease extension conveyancing?

    • Can you provide any advice for leasehold conveyancing in Mountsorrel with the purpose of speeding up the sale process?

    • A significant proportion of the frustration in leasehold conveyancing in Mountsorrel can be bypassed where you appoint lawyers the minute your agents start advertising the property and ask them to put together the leasehold information needed by the buyers lawyers.
    • The majority freeholders or Management Companies in Mountsorrel charge for providing management packs for a leasehold property. You or your lawyers should discover the actual amount of the charges. The management pack sought as soon as you have a buyer, thus accelerating the process. The average time it takes to obtain the necessary information is three weeks. It is the most frequent cause of frustration in leasehold conveyancing in Mountsorrel.
  • If you have carried out any alterations to the premises would they have required Landlord’s approval? In particular have you installed wooden flooring? Most leases in Mountsorrel state that internal structural alterations or installing wooden flooring calls for a licence from the Landlord approving such changes. Where you dont have the consents in place do not communicate with the landlord without checking with your conveyancer first.
  • If you have had conflict with your landlord or managing agents it is very important that these are resolved prior to the flat being put on the market. The purchasers and their solicitors will be nervous about purchasing a flat where there is a current dispute. You will have to accept that you will have to discharge any arrears of service charge or resolve the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose details of the dispute to the buyers, but it is better to reveal the dispute as historic as opposed to unsettled.
  • You may think that you are aware of the number of years remaining on your lease but you should verify this by asking your conveyancers. A purchaser's conveyancer will be unlikely to recommend their client to proceed with the purchase of a leasehold property the remaining number of years is under 75 years. It is therefore important at an as soon as possible that you consider whether the lease for your property needs extending. If it does, contact your solicitors before you put your home on the market for sale.

    • Leasehold Conveyancing in Mountsorrel - Sample of Queries Prior to Purchasing

      It is important to be aware if window replacement or some other significant cost is pending to be shared amongst the leaseholders and may well dramatically increase the the service costs or require a specific invoice. What is the name of the managing agents? Are there any major works in the near future that will increase the service costs?

    Other Topics

    Lease Extensions in Mountsorrel