Leasehold Conveyancing in Newhaven - Get a Quote from the leasehold experts approved by your lender

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Frequently asked questions relating to Newhaven leasehold conveyancing

I am in need of some leasehold conveyancing in Newhaven. Before I set the wheels in motion 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.

Looking forward to sign contracts shortly on a ground floor flat in Newhaven. Conveyancing lawyers have said that they are sending me a report on Monday. What should I be looking out for?

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

  • Details of the parties to the lease, for example these could be the leaseholder (you), head lessor, landlord
  • The total extent of the property. This will be the apartment itself but may incorporate a roof space or cellar if appropriate.
  • You must be told what constitutes a Nuisance in the lease
  • 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?
  • Changes to the flat (alterations and additions)
  • 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 Newhaven please enquire of your solicitor in ahead of your conveyancing in Newhaven

  • Estate agents have just been given the go-ahead to market my ground floor flat in Newhaven.Conveyancing solicitors are to be appointed soon but I have just received a yearly service charge invoice – should I leave it to the buyer to sort out?

    Your conveyancing lawyer is likely to suggest that you should clear the invoice 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.

    I am looking at a two apartments in Newhaven which have in the region of 50 years unexpired on the leases. should I be concerned?

    There are plenty of short leases in Newhaven. The lease is a legal document that entitles you to use the property for a period of time. As the lease gets shorter the marketability of the lease deteriorate and results in it becoming more costly to acquire a lease extension. For this reason it is often a good idea to increase the term of the lease. More often than not it is difficult to sell a property with a short lease as mortgage companies less inclined to grant a loan on such properties. Lease extension can be a difficult process. We advise that you seek professional help from a solicitor and surveyor with experience in this field

    Our conveyancer has advised that he intends to complete and exchange simultaneously on our sale of a £400000 maisonette in Newhaven next week. The freeholder has quoted £348 for Landlord’s certificate, building insurance schedule and 3 years statements of service charge. Is it legal for a freeholder to charge an administration fee for a flat conveyance in Newhaven?

    For most leasehold sales in Newhaven conveyancing will involve, questions about the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :

    • Addressing conveyancing due diligence questions
    • Where consent is required before sale in Newhaven
    • Copies of the building insurance and schedule
    • Deeds of covenant upon sale
    • Registering of the assignment of the change of lessee after a sale
    Your conveyancer will have no control over the level of the charges for this information but the average costs for the information for Newhaven leasehold property is £350. For Newhaven conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are obliged to provide answers.

    Newhaven Conveyancing for Leasehold Flats - Sample of Questions you should consider Prior to Purchasing

      Generally speaking the outlay for major works tend not to be incorporated into the maintenance charges, although there some managing agents in Newhaven ask tenants to contribute towards a sinking fund and this is used to offset against larger repairs or maintenance. Are there any major works in the planning that will increase the maintenance fees? Make sure you find out if the the lease includes any unreasonable restrictions in the lease. By way of example some leases prohibit pets being permitted in in a block in Newhaven. If you like the apartmentin Newhaven but your dog can’t move with you then you have a very difficult decision.

    Other Topics

    Lease Extensions in Newhaven