Leasehold Conveyancing in Newcastle upon Tyne - Get a Quote from the leasehold experts approved by your lender

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Examples of recent questions relating to leasehold conveyancing in Newcastle upon Tyne

Having checked my lease I have discovered that there are only 62 years left on my flat in Newcastle upon Tyne. I now wish to extend my lease but my landlord is can not be found. What options are available to me?

On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be lengthened by the Court. You will be obliged to demonstrate that you or your lawyers have done all that could be expected to locate the lessor. In some cases an enquiry agent should be useful to conduct investigations and prepare a report which can be used as evidence that the freeholder can not be located. It is advisable to get professional help from a conveyancer in relation to investigating the landlord’s absence and the application to the County Court covering Newcastle upon Tyne.

Planning to complete next month on a basement flat in Newcastle upon Tyne. Conveyancing solicitors assured me that they will have a report out to me tomorrow. What should I be looking out for?

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

  • You should receive a copy of the lease
  • Does the lease require carpeting throughout thus preventing wood flooring?
  • An explanation as to the provision in the lease to pay service charges - with regard to both the building, and the more general rights a leaseholder has
  • Whether your lease has a provision for a reserve fund?
  • You should have a good understanding of the insurance provisions
  • 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 For a comprehensive list of information to be contained in your report on your leasehold property in Newcastle upon Tyne please enquire of your solicitor in ahead of your conveyancing in Newcastle upon Tyne

    • I have just started marketing my 2 bed flat in Newcastle upon Tyne.Conveyancing lawyers have not yet been instructed but I have just had a quarterly service charge invoice – what should I do?

    The sensible thing to do is clear the service charge 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.

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

    When appointing a solicitor for your lease extension (regardless if they are a Newcastle upon Tyne conveyancing practice) it is most important that he or she should be familiar with the legislation and specialises in this area of work. We recommend that you speak with several firms including non Newcastle upon Tyne 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 familiar is the firm with lease extension legislation?
  • If the firm is not ALEP accredited then why not?

    • Do you have any advice for leasehold conveyancing in Newcastle upon Tyne from the point of view of speeding up the sale process?

    • A significant proportion of the delay in leasehold conveyancing in Newcastle upon Tyne can be avoided if you instruct lawyers as soon as you market your property and request that they start to put together the leasehold documentation which will be required by the purchasers’ solicitors.
    • The majority landlords or Management Companies in Newcastle upon Tyne levy fees for providing management packs for a leasehold homes. You or your lawyers should find out the actual amount of the charges. The management pack sought on or before finding a buyer, thus reducing delays. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most common reason for delay in leasehold conveyancing in Newcastle upon Tyne.
  • In the event that you altered the property did you need the Landlord’s approval? Have you, for example laid down wooden flooring? Most leases in Newcastle upon Tyne state that internal structural changes or laying down wooden flooring necessitate a licence issued by the Landlord approving such works. Where you dont have the approvals to hand do not contact the landlord without checking with your conveyancer in the first instance.
  • Some Newcastle upon Tyne leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, it would be prudent to notify your estate agents to make sure that the purchasers obtain financial (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 service charge figures so that they can pass this information on to the purchasers or their lawyers.
  • If you are supposed to have a share in the Management Company, you should ensure that you have the original share certificate. Obtaining a new share certificate is often a lengthy formality and delays many a Newcastle upon Tyne conveyancing transaction. Where a duplicate share is necessary, do contact the company director and secretary or managing agents (where applicable) for this sooner rather than later.

    • I bought a garden flat in Newcastle upon Tyne, conveyancing was carried out 1998. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Newcastle upon Tyne with a long lease are worth £229,000. The ground rent is £55 charged once a year. The lease expires on 21st October 2103

    You have 78 years remaining on your lease the likely cost is going to range between £9,500 and £11,000 plus legals.

    The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure without more comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.

    Other Topics

    Lease Extensions in Newcastle upon Tyne