Stanford Le Hope leasehold conveyancing Example Support Desk Enquiries
I am on look out for some leasehold conveyancing in Stanford Le Hope. Before I get started I want to be sure as to the number of years remaining on the lease.
If the lease is registered - and most are in Stanford Le Hope - then the leasehold title will always include the short particulars 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.
I have recently realised that I have Fifty years remaining on my lease in Stanford Le Hope. I am keen to extend my lease but my landlord is absent. What options are available to me?
If 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 enable the lease to be lengthened by the Court. You will be obliged to prove that you have used your best endeavours to track down the landlord. On the whole an enquiry agent would be useful to conduct investigations 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 solicitor in relation to investigating the landlord’s absence and the application to the County Court covering Stanford Le Hope.
Estate agents have just been given the go-ahead to market my garden flat in Stanford Le Hope.Conveyancing solicitors are to be appointed soon but I have just received a quarterly maintenance charge demand – what should I do?
Your conveyancing lawyer is likely to suggest that you should pay the service charge 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 until 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.
Do you have any advice for leasehold conveyancing in Stanford Le Hope with the purpose of expediting the sale process?
- Much of the delay in leasehold conveyancing in Stanford Le Hope can be bypassed if you appoint lawyers the minute you market your property and request that they start to put together the leasehold information which will be required by the purchasers’ solicitors.
- Many freeholders or Management Companies in Stanford Le Hope charge for providing management packs for a leasehold property. You or your lawyers should discover the fee that they propose to charge. The management pack sought as soon as you have a buyer, thus accelerating the process. The typical amount of time it takes to receive management information is three weeks. It is the most common reason for delay in leasehold conveyancing in Stanford Le Hope.
What makes a Stanford Le Hope lease problematic?
There is nothing unique about leasehold conveyancing in Stanford Le Hope. Most leases are unique and drafting errors can result in certain provisions are missing. For example, if your lease is missing any of the following, it could be defective:
- Repairing obligations to or maintain elements of the premises
- A duty to insure the building
- A provision for the recovery of money spent for the benefit of another party.
- Maintenance charge proportions which don’t add up to the correct percentage
You will encounter difficulties when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Birmingham Midshires, Leeds Building Society, and Platform Home Loans Ltd all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to grant the mortgage, forcing the purchaser to withdraw.
Stanford Le Hope Leasehold Conveyancing - A selection of Queries Prior to Purchasing
Its a good idea to find out as much as possible about the company managing the building as they will affect your use and enjoyment of the property. Being a leasehold owner you are frequently in the clutches of the managing agents from a financial perspective and when it comes to every day matters like the cleanliness of the common parts. Ask other tenants what they think of them. Finally, be sure you discover the dates that you are obliged pay the service charge to the managing agents and precisely what it includes.
Does the lease contain onerous restrictions?
It is important to be aware if changing the roof or some other significant cost is pending to be shared by the leasehold owners and could well materially increase the the maintenance fees or result in a specific payment.