Newhaven leasehold conveyancing Example Support Desk Enquiries
I am in need of some leasehold conveyancing in Newhaven. Before diving in I require certainty as to the number of years remaining on the lease.
If the lease is recorded at the land registry - and most are in Newhaven - then the leasehold title will always include the basic details 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.
I only have 72 years remaining on my flat in Newhaven. I am keen to get lease extension but my landlord is can not be found. What should I do?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the magistrate. You will be obliged to prove that you or your lawyers have used your best endeavours to track down the landlord. In some cases an enquiry agent may be helpful to carry out a search and prepare an expert document which can be used as evidence that the landlord is indeed missing. It is advisable to get professional help from a conveyancer in relation to proving the landlord’s disappearance and the application to the County Court overseeing Newhaven.
Looking forward to sign contracts shortly on a leasehold property in Newhaven. Conveyancing solicitors assured me that they are sending me a report tomorrow. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Newhaven should include some of the following:
- The unexpired lease term You should be advised as what happens when the lease expires, and aware of the importance of the 80 year mark
My wife and I purchased a leasehold house in Newhaven. Conveyancing and Barnsley Building Society mortgage organised. I have received a letter from someone claiming to own the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1996. The conveyancing solicitor in Newhaven who previously acted has long since retired.Do I pay?
First make enquiries of HMLR to make sure that the individual purporting to own the freehold is indeed the registered owner of the freehold reversion. It is not necessary to instruct a Newhaven conveyancing lawyer to do this as you can do this on the Land Registry website for a few pound. You should note that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Can you provide any advice for leasehold conveyancing in Newhaven from the point of view of speeding up the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Newhaven can be bypassed where you appoint lawyers the minute you market your property and request that they start to put together the leasehold information needed by the purchasers’ representatives.
- The majority freeholders or Management Companies in Newhaven levy fees for providing management packs for a leasehold homes. You or your lawyers should find out the fee that they propose to charge. The management information can be applied for on or before finding a buyer, thus accelerating the process. The average time it takes to receive management information is three weeks. It is the most common reason for frustration in leasehold conveyancing in Newhaven.
Newhaven Conveyancing for Leasehold Flats - Examples of Questions you should consider Prior to Purchasing
You should be aware that where the lease has less than eighty years it will have adverse implications on the salability of the apartment. Check with your mortgage company that they are willing to to proceed given the lease term. A short lease means that you will almost definitely have to extend the lease at some point and it is worth discovering what this will be. For most Newhavenlease extensions you would be required to have owned the property for 24 months before you are eligible to carry out a lease extension.
Is anyone aware of any major works in the planning that will add a premium to the maintenance fees?
It is important to be aware if fixing the lift or some other significant cost is due in the foreseeable future that will be shared between the tenants and may well materially increase the the maintenance charges or result in a one off invoice.