Guaranteed fixed fees for Leasehold Conveyancing in Shotton

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

Frequently asked questions relating to Shotton leasehold conveyancing

I am in need of some leasehold conveyancing in Shotton. Before I set the wheels in motion I want to be sure as to the remaining lease term.

If the lease is registered - and almost all are in Shotton - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title.For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

Last month I purchased a leasehold flat in Shotton. Do I have any liability for service charges relating to a period prior to completion of my purchase?

Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

I am a negotiator for a busy estate agent office in Shotton where we have witnessed a number of flat sales jeopardised as a result of short leases. I have received inconsistent advice from local Shotton conveyancing solicitors. Could you shed some light as to whether the vendor of a flat can commence the lease extension process for the buyer?

As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the sale.

An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.

Can you offer any advice when it comes to finding a Shotton conveyancing firm to deal with our lease extension?

When appointing a property lawyer for your lease extension (regardless if they are a Shotton conveyancing practice) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We suggested that you talk with several firms including non Shotton conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. Some following of questions might be helpful:

  • How many lease extensions has the firm conducted in Shotton in the last year?
  • What are the charges for lease extension work?

All being well we will complete the disposal of our £ 475000 flat in Shotton next week. The freeholder has quoted £<Macro 'feeRangeWithVAT'> for Landlord’s certificate, insurance certificate and previous years statements of service charge. Is the landlord entitled to charge an administration fee for a leasehold conveyance in Shotton?

Shotton conveyancing on leasehold apartments usually results in administration charges levied by management companies :

  • Answering conveyancing due diligence questions
  • Where consent is required before sale in Shotton
  • Supplying insurance information
  • Deeds of covenant upon sale
  • Registering of the assignment of the change of lessee after a sale
Your lawyer will have no control over the level of the charges for this information but the average costs for the information for Shotton leasehold property is £350. For Shotton conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are required to provide the information.

Shotton Conveyancing for Leasehold Flats - Examples of Questions you should ask Prior to buying

    Can you tell me if there are any major works anticipated that will likely add a premium to the service charges? It is important to be aware if changing the roof or some other significant cost is anticipated to be shared amongst the tenants and may well materially impact the level of the maintenance charges or require a specific payment.