Leasehold Conveyancing in Stamford Bridge - Get a Quote from the leasehold experts approved by your lender

Leasehold conveyancing in Stamford Bridge is more complex than freehold. Your home move will be smoother where you choose a lawyer with a wealth of experience of leasehold conveyancing in Stamford Bridge and next step up in loc. The lawyers we recommend have been approved by your lender so use our search tool to check.

Stamford Bridge leasehold conveyancing: Q and A’s

My wife and I may need to sub-let our Stamford Bridge ground floor flat for a while due to a new job. We used a Stamford Bridge conveyancing firm in 2001 but they have closed and we did not have the foresight to seek any guidance as to whether the lease prohibits the subletting of the flat. How do we find out?

A small minority of properties in Stamford Bridge do contain a provision to say that subletting is only allowed with permission. The landlord is not entitled to unreasonably refuse but, in such cases, they would need to review references. Experience suggests that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting permission.

I only have Seventy years unexpired on my flat in Stamford Bridge. I now want to get lease extension but my landlord is absent. What are my options?

If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be extended by the Court. However, you will be required to demonstrate that you have done all that could be expected to locate the freeholder. For most situations a specialist may be useful to try and locate and to produce a report which can be used as evidence that the landlord is indeed missing. It is advisable to get professional help from a conveyancer in relation to devolving into the landlord’s absence and the vesting order request to the County Court covering Stamford Bridge.

Looking forward to exchange soon on a studio apartment in Stamford Bridge. Conveyancing lawyers inform me that they report fully tomorrow. Are there areas in the report that I should be focusing on?

Your report on title for your leasehold conveyancing in Stamford Bridge should include some of the following:

  • You should be sent a copy of the lease
  • Defining your legal entitlements in respect of the communal areas in the block.By way of example, does the lease provide for a right of way over an accessway or hallways?
  • You should be told what constitutes a Nuisance in the lease
  • Repair and maintenance of the flat
  • 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.
  • Whether the landlord has obligations to ensure rights of quiet enjoyment over your premises and do you know what it means in practice?
  • 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 details of the information to be contained in your report on your leasehold property in Stamford Bridge please ask your conveyancer in advance of your conveyancing in Stamford Bridge

  • I am attracted to a couple of flats in Stamford Bridge both have approximately forty five years unexpired on the leases. Will this present a problem?

    There is no doubt about it. A leasehold flat in Stamford Bridge is a deteriorating asset as a result of the reducing lease term. The nearer the lease gets to zero years unexpired, the more it reduces the salability of the premises. The majority of buyers and lenders, leases with under 75 years become less and less attractive. On a more positive 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 property 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 Stamford Bridge 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 They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that any new 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.

    We expect to complete our sale of a £150000 apartment in Stamford Bridge on Wednesday in a week. The freeholder has quoted £348 for Landlord’s certificate, insurance certificate and 3 years service charge statements. Is the landlord entitled to charge such fees for a flat conveyance in Stamford Bridge?

    Stamford Bridge conveyancing on leasehold apartments usually involves fees being raised by landlords agents :

    • Completing pre-exchange questions
    • Where consent is required before sale in Stamford Bridge
    • Copies of the building insurance and schedule
    • Deeds of covenant upon sale
    • Registering of the assignment of the change of lessee after a sale
    Your conveyancer will have no control over the level of the charges for this information but the average costs for the information for Stamford Bridge leasehold property is £350. For Stamford Bridge 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 supply answers.

    I inherited a 2 bed flat in Stamford Bridge, conveyancing having been completed in 1995. Can you work out an approximate cost of a lease extension? Equivalent properties in Stamford Bridge with an extended lease are worth £215,000. The ground rent is £60 invoiced every year. The lease comes to an end on 21st October 2076

    You have 52 years remaining on your lease we estimate the premium for your lease extension to span between £35,200 and £40,600 as well as costs.

    The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed investigations. You should not use this information in tribunal or court proceedings. There may be additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.

    Other Topics

    Lease Extensions in Stamford Bridge