Fixed-fee leasehold conveyancing in Radcliffe:

Any conveyancing practice can theoretically deal with your leasehold conveyancing in Radcliffe, your mortgage provider may unwilling to work with them if the firm are not on their list of approved solicitors for conveyancing

Radcliffe leasehold conveyancing: Q and A’s

Due to exchange soon on a ground floor flat in Radcliffe. Conveyancing lawyers assured me that they are sending me a report next week. What should I be looking out for?

The report on title for your leasehold conveyancing in Radcliffe 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 physical extent of the premises. This will be the flat itself but may include a roof space or basement if applicable.
  • Do you need to have carpet in the flat or are you allowed wood flooring?
  • You need to be told what counts as a Nuisance in the lease
  • 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
  • Responsibility for repairing the window frames
  • What the implications are if you breach a clause of your lease? For details of the information to be contained in your report on your leasehold property in Radcliffe please ask your conveyancer in ahead of your conveyancing in Radcliffe

  • Estate agents have just been given the go-ahead to market my garden apartment in Radcliffe.Conveyancing lawyers have not yet been instructed but I have just received a yearly maintenance charge demand – what should I do?

    It best that you discharge the service charge 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 until 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. This will smooth the conveyancing process.

    I am looking at a couple of maisonettes in Radcliffe both have approximately 50 years left on the lease term. Should I regard a short lease as a deal breaker?

    There is no doubt about it. A leasehold flat in Radcliffe is a deteriorating asset as a result of the reducing lease term. The closer the lease gets to zero years unexpired, the more it adversely affects the salability of the property. The majority of purchasers and mortgage companies, leases with less than eighty years become less and less marketable. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Radcliffe conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

    Do you have any advice for leasehold conveyancing in Radcliffe with the purpose of expediting the sale process?

    • A significant proportion of the frustration in leasehold conveyancing in Radcliffe can be bypassed if you get in touch lawyers the minute you market your property and request that they start to put together the leasehold information which will be required by the buyers conveyancers.
    • The majority landlords or Management Companies in Radcliffe levy fees for supplying management packs for a leasehold homes. You or your lawyers should find out the actual amount of the charges. The management information can be applied for on or before finding a buyer, thus accelerating the process. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most frequent reason for frustration in leasehold conveyancing in Radcliffe.
  • If you have carried out any alterations to the premises would they have required Landlord’s permission? Have you, for example laid down wooden flooring? Most leases in Radcliffe state that internal structural changes or addition of wooden flooring require a licence issued by the Landlord approving such works. If you dont have the approvals in place you should not communicate with the landlord without checking with your lawyer in advance.
  • A minority of Radcliffe leases require Licence to Assign from the landlord. If this applies to your lease, it would be prudent to notify your estate agents to make sure that the purchasers obtain financial (bank) and professional references. The bank reference will need to confirm that the buyers are 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 actual amount of the service charge so that they can pass this information on to the buyers or their lawyers.
  • If you are supposed to have a share in the Management Company, you should make sure that you are holding the original share certificate. Arranging a new share certificate is often a time consuming process and frustrates many a Radcliffe conveyancing deal. Where a reissued share is needed, do contact the company officers or managing agents (if applicable) for this sooner rather than later.

  • If all goes to plan we aim to complete the disposal of our £325000 flat in Radcliffe next week. The managing agents has quoted £420 for Landlord’s certificate, insurance certificate and previous years service charge statements. Is it legal for a freeholder to charge exorbitant fees for a flat conveyance in Radcliffe?

    Radcliffe conveyancing on leasehold maisonettes usually involves the buyer’s conveyancer sending enquiries for the landlord to address. Although the landlord is under no legal obligation to address such questions most will be willing to assist. They are at liberty invoice a reasonable administration fee for responding to questions or supplying documentation. There is no set fee. The average costs for the information that you are referring to is over three hundred pounds, in some situations it is in excess of £800. The administration charge invoiced by the landlord must be accompanied by a synopsis of entitlements and obligations in respect of administration charges, otherwise the charge is technically not due. Reality however dictates that one has little option but to pay whatever is requested of you if you want to complete the sale of your home.

    Radcliffe Conveyancing for Leasehold Flats - A selection of Queries before buying

      For most Radcliffe leaseholds the outlay for major works are not included within maintenance charges, although a few managing agents in Radcliffe ask tenants to contribute towards a reserve fund created for the specific purpose of building a fund for major works. How is the lease structured? Is anyone aware of any major works in the near future that could increase the service charges?

    Other Topics

    Lease Extensions in Radcliffe