Fixed-fee leasehold conveyancing in Poundbury:

While any conveyancing practice can theoretically handle your leasehold conveyancing in Poundbury, your mortgage provider may not be willing to work with them if the firm are not on their list of approved solicitors for conveyancing

Frequently asked questions relating to Poundbury leasehold conveyancing

I wish to sublet my leasehold flat in Poundbury. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for their consent?

The lease governs relations between the landlord and you the flat owner; specifically, it will say if subletting is prohibited, or permitted but only subject to certain caveats. The rule is that if the lease contains no expres ban or restriction, subletting is allowed. Most leases in Poundbury do not contain subletting altogether – such a provision would undoubtedly devalue the property. In most cases there is a basic requirement that the owner notifies the freeholder, possibly supplying a duplicate of the sublease.

Planning to exchange soon on a ground floor flat in Poundbury. Conveyancing lawyers have said that they will have a report out to me within the next couple of days. What should I be looking out for?

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

  • The unexpired lease term You should be advised as what happens when the lease ends, and informed of the importance of the 80 year mark
  • Defining your rights in respect of common areas in the building.By way of example, does the lease contain a right of way over a path or staircase?
  • Are pets allowed in the flat?
  • You must be told what counts as a Nuisance in the lease
  • Repair and maintenance of the flat
  • The landlord’s rights to access the flat you be made aware that your landlord has rights of access and I know how much notice s/he must provide.
  • Whether the landlord has obligations to ensure rights of quiet enjoyment over your premises and do you know what it means in practice? For a comprehensive list of information to be contained in your report on your leasehold property in Poundbury please enquire of your lawyer in advance of your conveyancing in Poundbury

  • I own a leasehold house in Poundbury. Conveyancing and Barnsley Building Society mortgage organised. A letter has just been received from someone saying they have taken over the freehold. It included a ground rent demand for rent dating back to 1996. The conveyancing practitioner in Poundbury who acted for me is not around.Do I pay?

    The first thing you should do is contact HMLR to make sure that this person is indeed the registered owner of the freehold reversion. It is not necessary to incur the fees of a Poundbury conveyancing solicitor to do this as it can be done on-line for £3. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.

    Can you offer any advice when it comes to appointing a Poundbury conveyancing practice to deal with our lease extension?

    When appointing a conveyancer for your lease extension (regardless if they are a Poundbury conveyancing practice) it is essential that they be familiar with the legislation and specialises in this area of work. We recommend that you make enquires with two or three firms including non Poundbury conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. Some following of questions could be useful:

    • Can they put you in touch with client in Poundbury who can give a testimonial?
  • What are the costs for lease extension work?

  • Can you provide any advice for leasehold conveyancing in Poundbury from the perspective of saving time on the sale process?

    • Much of the frustration in leasehold conveyancing in Poundbury can be bypassed if you instruct lawyers as soon as your agents start advertising the property and request that they start to put together the leasehold documentation needed by the purchasers’ conveyancers.
    • Many landlords or Management Companies in Poundbury levy fees for supplying management packs for a leasehold property. 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 reducing delays. The average time it takes to receive management information is three weeks. It is the most common cause of frustration in leasehold conveyancing in Poundbury.
  • In the event that you altered the property did you need the Landlord’s approval? In particular have you installed wooden flooring? Poundbury leases often stipulate that internal structural alterations or addition of wooden flooring calls for 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 lawyer first.
  • Some Poundbury leases require Landlord’s consent to the sale and approval of the buyers. If this is the case, it would be prudent to place the estate agents on notice to make sure that the purchasers obtain bank and professional references. The bank reference should make it clear that the buyer is able to meet 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 buyers or their solicitors.
  • If you have the benefit of shareholding in the freehold, you should make sure that you hold the original share certificate. Arranging a re-issued share certificate is often a time consuming process and slows down many a Poundbury conveyancing deal. If a reissued share is needed, do contact the company director and secretary or managing agents (if relevant) for this at the earliest opportunity.

  • I purchased a split level flat in Poundbury, conveyancing was carried out half a dozen years ago. How much will my lease extension cost? Similar flats in Poundbury with a long lease are worth £261,000. The average or mid-range amount of ground rent is £50 invoiced annually. The lease terminates on 21st October 2089

    With 67 years unexpired the likely cost is going to span between £11,400 and £13,200 as well as professional fees.

    The figure above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure in the absence of 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 taken into account and clearly you should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.

    Other Topics

    Lease Extensions in Poundbury