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

When it comes to leasehold conveyancing in Pangbourne, you will need to instruct a conveyancing lawyer with leasehold experience. Whether your lender is to be Lloyds, RBS or Bradford & Bingley be sure to find a lawyer on their approved list. Feel free to use our search tool

Common questions relating to Pangbourne leasehold conveyancing

Frank (my husband) and I may need to let out our Pangbourne basement flat temporarily due to taking a sabbatical. We used a Pangbourne conveyancing practice in 2003 but they have since shut and we did not have the foresight to seek any advice as to whether the lease allows us to sublet. How do we find out?

Some leases for properties in Pangbourne do contain a provision to say that subletting is only allowed with permission. The landlord cannot unreasonably withhold but, in such cases, they would need to see references. Experience suggests that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting permission.

Expecting to sign contracts shortly on a basement flat in Pangbourne. Conveyancing solicitors assured me that they report fully next week. What should I be looking out for?

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

  • Details of the parties to the lease, for example these could be the leaseholder (you), head lessor, freeholder
  • The physical extent of the property. This will be the property itself but may incorporate a loft or basement if appropriate.
  • Defining your legal entitlements in respect of common areas in the building.E.G., does the lease contain a right of way over a path or staircase?
  • Are you allowed to have a pet in the flat?
  • 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?
  • Repair and maintenance of the flat For details of the information to be contained in your report on your leasehold property in Pangbourne please enquire of your lawyer in ahead of your conveyancing in Pangbourne

  • Estate agents have just been given the go-ahead to market my ground floor apartment in Pangbourne.Conveyancing has not commenced but I have just had a quarterly service charge invoice – what should I do?

    It best that you pay 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 management companies 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 own a leasehold house in Pangbourne. Conveyancing and Barnsley Building Society mortgage organised. A letter has just been received from someone claiming to own the reversionary interest in the property. It included a ground rent demand for rent dating back to 1995. The conveyancing solicitor in Pangbourne who previously acted has now retired.What should I do?

    First contact the Land Registry to make sure that this person is in fact the new freeholder. You do not need to incur the fees of a Pangbourne conveyancing practitioner 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 rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.

    I am looking at a couple of flats in Pangbourne which have about 50 years left on the leases. Should I regard a short lease as a deal breaker?

    A lease is a right to use the premises for a prescribed time frame. As the lease shortens the value of the lease decreases and it becomes more expensive to extend the lease. For this reason it is generally wise to increase the term of the lease. Sometimes it is difficulties arise selling premises with a short lease as mortgage companies may be reluctant to lend money on properties of this type. Lease extension can be a protracted process. We recommend you get professional assistance from a solicitor and surveyor with experience in this field

    Pangbourne Leasehold Conveyancing - A selection of Queries before Purchasing

      Generally speaking the cost for major works are not wrapped into the service charges, although some managing agents in Pangbourne require leasehold owners to pay into a sinking fund and this is used to offset against major works. How long is the Lease? Be sure to find out if there is anything that is prohibited in the lease. For instance some leases prohibit pets being allowed in certain buildings in Pangbourne. If you love the apartmentin Pangbourne yet your dog is not allowed to move with you then you have a very hard choice.

    Other Topics

    Lease Extensions in Pangbourne