Examples of recent questions relating to leasehold conveyancing in Rayleigh
Planning to exchange soon on a garden flat in Rayleigh. Conveyancing solicitors assured me that they will have a report out to me within the next couple of days. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Rayleigh should include some of the following:
- The total extent of the property. This will be the apartment itself but might incorporate a loft or basement if appropriate.
I am hoping to put an offer on a small detached house that seems to meet my requirements, at a reasonable figure which is making it all the more appealing. I have just been informed that the title is leasehold as opposed to freehold. I would have thought that there are particular concerns buying a leasehold house in Rayleigh. Conveyancing lawyers have are about to be appointed. Will they explain the issues?
The majority of houses in Rayleigh are freehold and not leasehold. This is one of the situations where having a local solicitor who is familiar with the area can assist with the conveyancing process. it is apparent that you are buying in Rayleigh so you should seriously consider shopping around for a Rayleigh conveyancing solicitor and be sure that they are used to dealing with leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a tenant you will not be at liberty to do whatever you want with the house. The lease comes with conditions for example obtaining the landlord’sconsent to conduct changes to the property. You may also be required to pay a maintenance charge towards the upkeep of the communal areas where the house is located on an estate. Your conveyancer will report to you on the legal implications.
I own a leasehold house in Rayleigh. Conveyancing and Lloyds TSB Bank mortgage went though with no issue. A letter has just been received from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1992. The conveyancing solicitor in Rayleigh who acted for me is not around.Do I pay?
The first thing you should do is contact HMLR to make sure that the individual claiming to own the freehold is indeed the registered owner of the freehold reversion. There is no need to incur the fees of a Rayleigh conveyancing lawyer to do this as it can be done on-line for a few pound. You should note that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
What advice can you give us when it comes to choosing a Rayleigh conveyancing practice to deal with our lease extension?
When appointing a property lawyer for lease extension works (regardless if they are a Rayleigh conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of conveyancing. We suggested that you talk with two or three firms including non Rayleigh conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. Some following of questions might be of use:
- If the firm is not ALEP accredited then why not?
Do you have any advice for leasehold conveyancing in Rayleigh with the purpose of saving time on the sale process?
- Much of the delay in leasehold conveyancing in Rayleigh can be bypassed if you appoint lawyers as soon as you market your property and ask them to put together the leasehold documentation which will be required by the buyers representatives.
- Many landlords or Management Companies in Rayleigh charge for providing management packs for a leasehold premises. You or your lawyers should find out the actual amount of the charges. The management information can be applied for as soon as you have a buyer, thus reducing delays. The average time it takes to obtain the necessary information is three weeks. It is the most common cause of frustration in leasehold conveyancing in Rayleigh.
Rayleigh Leasehold Conveyancing - A selection of Queries before buying
Is there a share of the freehold?
How much is the ground rent and service charge?
Make sure you discover if there are any onerous prohibitions in the lease. By way of example it is fairly common in Rayleigh leases that pets are not permitted in certain buildings in Rayleigh. If you love the propertyin Rayleigh yet your cat can’t move with you then you will be presented with a hard determination.