Guaranteed fixed fees for Leasehold Conveyancing in Netherley

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

Recently asked questions relating to Netherley leasehold conveyancing

I am hoping to complete next month on a basement flat in Netherley. Conveyancing solicitors have said that they will have a report out to me within the next couple of days. Are there areas in the report that I should be focusing on?

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

  • You should be sent a copy of the lease
  • The unexpired lease term You should be advised as what happens when the lease ends, and informed of the importance of the 80 year mark
  • The total extent of the premises. This will be the apartment itself but could also include a roof space or basement if appropriate.
  • Are pets allowed in the flat?
  • You need to be told what counts as a Nuisance in the lease
  • Ground rent - how much and when you need to pay, and also know whether this will change in the future
  • 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 For details of the information to be included in your report on your leasehold property in Netherley please enquire of your lawyer in advance of your conveyancing in Netherley

    • I am hoping to put an offer on a small detached house that seems to tick a lot of boxes, at a great figure which is making it more attractive. I have just found out that it's a leasehold as opposed to freehold. I would have thought that there are particular concerns buying a leasehold house in Netherley. Conveyancing advisers have are about to be appointed. Will my lawyers set out the risks of buying a leasehold house in Netherley ?

    Most houses in Netherley 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 Netherley in which case you should be shopping around for a Netherley conveyancing practitioner and be sure that they are used to advising on leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a tenant you will not be at liberty to do whatever you want to the property. The lease will likely included provisions for example requiring the landlord’spermission to carry out alterations. You may also be required to pay a maintenance charge towards the upkeep of the communal areas where the property is part of an estate. Your lawyer will advise you fully on all the issues.

    My wife and I purchased a leasehold house in Netherley. Conveyancing and Clydesdale mortgage organised. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1998. The conveyancing practitioner in Netherley who acted for me is not around.Any advice?

    First contact the Land Registry to make sure that the individual purporting to own the freehold is in fact the new freeholder. You do not need to instruct a Netherley conveyancing lawyer to do this as you can do this on the Land Registry website for £3. You should note that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.

    I am tempted by the attractive purchase price for a two maisonettes in Netherley both have in the region of forty five years unexpired on the leases. Do I need to be concerned?

    A lease is a right to use the premises for a prescribed time frame. As a lease shortens the value of the lease decreases and results in it becoming more costly to acquire a lease extension. For this reason it is generally wise to increase the term of the lease. More often than not it is difficult to sell a property with a short lease because mortgage lenders may be unwilling to lend money on properties of this type. Lease extension can be a difficult process. We recommend you get professional help from a solicitor and surveyor with experience in this area

    Can you offer any advice when it comes to appointing a Netherley conveyancing firm to deal with our lease extension?

    When appointing a conveyancer for your lease extension (regardless if they are a Netherley conveyancing firm) it is most important that he or she should be familiar with the legislation and specialises in this area of work. We advise that you speak with several firms including non Netherley conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. Some following of questions might be useful:

    • How experienced is the firm with lease extension legislation?
  • What volume of lease extensions has the firm completed in Netherley in the last 12 months?

    • I own a 2 bed flat in Netherley, conveyancing having been completed in 2009. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in Netherley with over 90 years remaining are worth £205,000. The ground rent is £55 levied per year. The lease runs out on 21st October 2078

    With only 53 years left to run we estimate the price of your lease extension to span between £27,600 and £31,800 plus costs.

    The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before getting professional advice.

    Other Topics

    Lease Extensions in Netherley