Fixed-fee leasehold conveyancing in Runcorn:

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Examples of recent questions relating to leasehold conveyancing in Runcorn

I am intending to rent out my leasehold apartment in Runcorn. Conveyancing solicitor who did the purchase is retired - so can't ask him. Is permission from the freeholder required?

Notwithstanding that your previous Runcorn conveyancing lawyer is not available you can review your lease to see if you are permitted to let out the property. The accepted inference is that if the lease is silent, subletting is allowed. There may be a precondition that you are obliged to seek consent via your landlord or other appropriate person prior to subletting. This means you not allowed to sublet in the absence of prior consent. Such consent must not not be unreasonably turned down. If the lease does not allow you to sublet you will need to ask your landlord if they are willing to waive this restriction.

Expecting to complete next month on a basement flat in Runcorn. Conveyancing solicitors have said that they will have a report out to me next week. What should I be looking out for?

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

  • Setting out your rights in relation to the communal areas in the building.For instance, does the lease include a right of way over a path or hallways?
  • Are you allowed to have a pet in the flat?
  • Does the lease prevent you from renting out the property, or working from home
  • Ground rent - how much and when you need to pay, and also know whether this is subject to change
  • Whether your lease has a provision for a reserve fund?
  • 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.
  • 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 For a comprehensive list of information to be contained in your report on your leasehold property in Runcorn please ask your solicitor in advance of your conveyancing in Runcorn

  • I today plan to offer on a house that appears to tick a lot of boxes, at a reasonable figure which is making it all the more appealing. I have since discovered that it's a leasehold rather than freehold. I am assuming that there are issues buying a leasehold house in Runcorn. Conveyancing solicitors have not yet been appointed. Will my lawyers set out the implications of buying a leasehold house in Runcorn ?

    Most houses in Runcorn are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. it is apparent that you are buying in Runcorn in which case you should be shopping around for a Runcorn conveyancing solicitor and check that they have experience in dealing with leasehold houses. First you will need to check the number of years remaining. Being a tenant you will not be entirely free to do whatever you want with the house. The lease comes with conditions for example requiring the freeholder’spermission to carry out alterations. You may also be required to pay a service charge towards the upkeep of the estate where the house is located on an estate. Your lawyer should report to you on the legal implications.

    I am tempted by the attractive purchase price for a two maisonettes in Runcorn which have about forty five years remaining on the lease term. Should I regard a short lease as a deal breaker?

    There are plenty of short leases in Runcorn. The lease is a right to use the property for a period of time. As a lease gets shorter the marketability of the lease decreases and results in it becoming more expensive to extend the lease. This is why it is generally wise to increase the term of the lease. Sometimes it is difficulties arise selling premises with a short lease because mortgage lenders less inclined to grant a loan on properties of this type. Lease enfranchisement can be a protracted process. We advise that you get professional help from a conveyancer and surveyor with experience in this arena

    What are your top tips when it comes to appointing a Runcorn conveyancing practice to deal with our lease extension?

    When appointing a conveyancer for your lease extension (regardless if they are a Runcorn conveyancing practice) it is imperative that they be familiar with the legislation and specialises in this area of work. We advise that you make enquires with several firms including non Runcorn conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. Some following of questions could be helpful:

    • How experienced is the practice with lease extension legislation?
  • If the firm is not ALEP accredited then why not?

  • Runcorn Leasehold Conveyancing - Examples of Questions you should ask Prior to Purchasing

      How many of the leaseholders are in arrears for their service charge payments? Make sure you investigate if the the lease contains any onerous restrictions in the lease. For instance it is fairly common in Runcorn leases that pets are not permitted in in a block in Runcorn. If you like the flatin Runcorn however your dog can’t move with you then you have a very hard compromise. Where a Runcorn lease has fewer than 80 years it will impact the marketability of the apartment. It is worth checking with your lender that they are willing to lend given the lease term. Leases with less than 80 years remaining means that you will probably need a lease extension at some point and it is worth finding out what this would cost. For most Runcornlease extensions you will be required to have been the owner of the residence for two years before you are entitled to exercise a lease extension.

    Other Topics

    Lease Extensions in Runcorn