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When it comes to leasehold conveyancing in Northop Hall, you will need to instruct a conveyancing lawyer with leasehold experience. Whether your lender is to be Lloyds, RBS or Nationwide be sure to find a lawyer on their panel. Find a Northop Hall conveyancing lawyer with our search tool

Recently asked questions relating to Northop Hall leasehold conveyancing

I am in need of some leasehold conveyancing in Northop Hall. Before diving in I want to be sure as to the number of years remaining on the lease.

If the lease is registered - and 99.9% are in Northop Hall - 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.

Expecting to exchange soon on a garden flat in Northop Hall. Conveyancing solicitors have said that they will have a report out to me on Monday. Are there areas in the report that I should be focusing on?

Your report on title for your leasehold conveyancing in Northop Hall 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 demise. This will be the flat itself but might include a roof space or basement if applicable.
  • Setting out your rights in respect of the communal areas in the building.For instance, does the lease grant a right of way over a path or hallways?
  • 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 sinking fund?
  • Repair and maintenance of the flat
  • What you can do if a neighbour is in violation of a provision in their lease? For a comprehensive list of information to be included in your report on your leasehold property in Northop Hall please enquire of your conveyancer in ahead of your conveyancing in Northop Hall

    • Back In 2000, I bought a leasehold flat in Northop Hall. Conveyancing and Godiva Mortgages Ltd mortgage organised. A letter has just been received from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1991. The conveyancing solicitor in Northop Hall who previously acted has long since retired.Any advice?

    First make enquiries of HMLR to make sure that the individual claiming to own the freehold is indeed the registered owner of the freehold reversion. You do not need to instruct a Northop Hall conveyancing solicitor to do this as it can be done on-line for £3. You should note that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

    Can you provide any top tips for leasehold conveyancing in Northop Hall from the perspective of saving time on the sale process?

    • Much of the delay in leasehold conveyancing in Northop Hall can be reduced if you appoint lawyers the minute you market your property and ask them to collate the leasehold information needed by the purchasers’ lawyers.
    • The majority freeholders or Management Companies in Northop Hall charge for supplying management packs for a leasehold premises. You or your lawyers should enquire as to the actual amount of the charges. The management pack can be applied for 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 common reason for delay in leasehold conveyancing in Northop Hall.
  • If you have carried out any alterations to the property would they have required Landlord’s permission? Have you, for example laid down wooden flooring? Northop Hall leases often stipulate that internal structural alterations or installing wooden flooring necessitate a licence issued by the Landlord acquiescing to such alterations. If you fail to have the paperwork to hand you should not communicate with the landlord without contacting your conveyancer in the first instance.
  • If there is a history of conflict with your freeholder or managing agents it is essential that these are settled before the property is put on the market. The purchasers and their solicitors will be concerned about purchasing a property where a dispute is unsettled. You may have to bite the bullet and pay any arrears of service charge or settle 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 will still have to reveal particulars of the dispute to the purchasers, but it is better to reveal the dispute as historic as opposed to ongoing.
  • If you hold a share in a the freehold, you should ensure that you have the original share document. Arranging a duplicate share certificate is often a lengthy process and delays many a Northop Hall conveyancing deal. If a duplicate share is required, you should approach the company officers or managing agents (where relevant) for this sooner rather than later.

    • In relation to leasehold conveyancing in Northop Hall what are the most frequent lease problems?

    Leasehold conveyancing in Northop Hall is not unique. All leases are individual and legal mistakes in the legal wording can result in certain sections are erroneous. For example, if your lease is missing any of the following, it could be defective:

    • Repairing obligations to or maintain parts of the building
    • A duty to insure the building
    • A provision for the recovery of money spent for the benefit of another party.
    • Maintenance charge proportions which don’t add up to the correct percentage

    A defective lease can cause issues when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. Barclays , Bank of Scotland, and Bank of Ireland all have very detailed conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to provide security, forcing the purchaser to withdraw.

    I purchased a studio flat in Northop Hall, conveyancing having been completed 8 years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding properties in Northop Hall with a long lease are worth £255,000. The ground rent is £50 invoiced every year. The lease runs out on 21st October 2097

    You have 71 years left to run we estimate the premium for your lease extension to be between £12,400 and £14,200 as well as costs.

    The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply the actual costs without more detailed investigations. 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. Please do not move forward placing reliance on this information without first getting professional advice.

    Other Topics

    Lease Extensions in Northop Hall