Recently asked questions relating to Stockport leasehold conveyancing
I am hoping to exchange soon on a ground floor flat in Stockport. Conveyancing solicitors inform me that they report fully on Monday. What should I be looking out for?
The report on title for your leasehold conveyancing in Stockport should include some of the following:
- You must be told what counts as a Nuisance in the lease
My wife and I purchased a leasehold house in Stockport. Conveyancing and Santander mortgage organised. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1994. The conveyancing solicitor in Stockport who previously acted has now retired.Any advice?
The first thing you should do is contact HMLR to be sure that this person is in fact the new freeholder. There is no need to instruct a Stockport conveyancing solicitor to do this as you can do this on the Land Registry website for a few pound. Rest assured that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
What advice can you give us when it comes to appointing a Stockport conveyancing firm to deal with our lease extension?
When appointing a conveyancer for your lease extension (regardless if they are a Stockport conveyancing practice) it is most important that they be familiar with the legislation and specialises in this area of work. We suggested that you talk with two or three firms including non Stockport 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:
- Can they put you in touch with client in Stockport who can give a testimonial?
Can you provide any top tips for leasehold conveyancing in Stockport from the perspective of speeding up the sale process?
- Much of the frustration in leasehold conveyancing in Stockport can be bypassed if you instruct lawyers as soon as your agents start advertising the property and ask them to put together the leasehold documentation needed by the buyers representatives.
- The majority landlords or Management Companies in Stockport charge for supplying management packs for a leasehold homes. You or your lawyers should find out the fee that they propose to charge. The management information sought on or before finding a buyer, thus reducing delays. The average time it takes to receive management information is three weeks. It is the most usual cause of frustration in leasehold conveyancing in Stockport.
If all goes to plan we aim to complete the sale of our £225000 flat in Stockport next week. The freeholder has quoted £420 for Certificate of Compliance, building insurance schedule and 3 years statements of service charge. Is the landlord entitled to charge exorbitant fees for a leasehold conveyance in Stockport?
For most leasehold sales in Stockport conveyancing will involve, questions about the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
- Completing pre-exchange questions
- Where consent is required before sale in Stockport
- Supplying insurance information
- Deeds of covenant upon sale
- Registering of the assignment of the change of lessee after a sale
Leasehold Conveyancing in Stockport - Examples of Questions you should ask Prior to buying
Please note if it is fewer than 80 years it will impact the salability of the property. It is worth checking with your bank that they are willing to to proceed given the lease term. A short lease means that you will most likely have to extend the lease sooner rather than later and it is worth finding out how much this will be. For most Stockportlease extensions you would need to own the premises for a couple of years in order to be entitled to exercise a lease extension.
For most Stockport leaseholds the cost for major works are not wrapped into the maintenance charges, although there some managing agents in Stockport require leasehold owners to pay into a reserve fund and this is used to offset against larger works.
Be sure to investigate if there are any onerous restrictions in the lease. For example some leases prohibit pets being permitted in in a block in Stockport. If you love the flatin Stockport yet your dog can’t move with you then you have a very hard compromise.