Experts for Leasehold Conveyancing in Rainford

Get a Quote

Need to find a solicitor for leasehold conveyancing in Rainford on your lender’s panel? Use our search tool to find approved local Rainford conveyancing practitioners or nationwide solicitors on your lender’s panel .

Top Five Questions relating to Rainford leasehold conveyancing

I only have Seventy years left on my lease in Rainford. I now wish to extend my lease but my freeholder is missing. What are my options?

On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be extended by the Court. However, you will be required to prove that you or your lawyers have done all that could be expected to find the lessor. On the whole a specialist should be helpful to carry out a search and to produce an expert document to be used as proof that the freeholder is indeed missing. It is wise to seek advice from a property lawyer both on proving the landlord’s absence and the vesting order request to the County Court overseeing Rainford.

I am hoping to sign contracts shortly on a basement flat in Rainford. Conveyancing lawyers have said that they are sending me a report next week. Are there areas in the report that I should be focusing on?

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

  • Details of the parties to the lease, for example these could be the leaseholder (you), head lessor, landlord
  • Does the lease prevent you from renting out the flat, or having a home office for business
  • You must be told what counts as a Nuisance in the lease
  • Ground rent - how much and when you need to pay, and also know whether this is subject to change
  • Changes to the flat (alterations and additions)
  • The landlord’s obligations to repair and maintain the building. It is important that you know who is responsible for the repair and maintenance of every part of the building
  • Responsibility for repairing the window frames For a comprehensive list of information to be included in your report on your leasehold property in Rainford please ask your lawyer in advance of your conveyancing in Rainford

    • I’m about to sell my 2 bed apartment in Rainford.Conveyancing has not commenced but I have just had a yearly service charge invoice – should I leave it to the buyer to sort out?

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

    Completion in due on the sale of our £275000 maisonette in Rainford next Tuesday . The landlords agents has quoted £408 for Landlord’s certificate, building insurance schedule and previous years service charge statements. Is it legal for a freeholder to charge exorbitant fees for a leasehold conveyance in Rainford?

    Rainford conveyancing on leasehold apartments usually requires the purchaser’s solicitor submitting questions for the landlord to answer. Although the landlord is under no legal obligation to respond to these enquiries the majority will be content to assist. They may levy a reasonable charge for responding to enquiries or supplying documentation. There is no set fee. The average costs for the paperwork 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 sent together with a summary of rights and obligations in relation to administration fees, without which the charge is technically not due. Reality however dictates that one has little choice but to pay whatever is demanded if you want to complete the sale of your home.

    When it comes to leasehold conveyancing in Rainford what are the most frequent lease defects?

    There is nothing unique about leasehold conveyancing in Rainford. Most leases is drafted differently and legal mistakes in the legal wording can sometimes mean that certain clauses are wrong. For example, if your lease is missing any of the following, it could be defective:

    • Repairing obligations to or maintain elements of the premises
    • Insurance obligations
    • Clauses dealing with recovering service charges for expenditure on the building or common parts.
    • Service charge per centages that don't add up correctly leaving a shortfall

    A defective lease can cause problems when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. HSBC Bank, Coventry Building Society, and TSB all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to grant the mortgage, forcing the purchaser to pull out.

    Rainford Leasehold Conveyancing - A selection of Queries Prior to buying

      This question is important as a) areas may cause problems for the building as the common areas may start to deteriorate if services remain unpaid b) if the leaseholders have an issue with the running of the building you will need to have complete disclosure On the whole the outlay for major works are not included within service charges, albeit that some managing agents in Rainford require leasehold owners to pay into a sinking fund and this is used to offset against larger works. What restrictions are contained in the Rainford Lease?

    Other Topics

    Lease Extensions in Rainford