Guaranteed fixed fees for Leasehold Conveyancing in Stoke Gifford

Get a Quote

Require a conveyancing quote from a solicitor for leasehold conveyancing in Stoke Gifford on your lender’s panel? Use our search tool to find leading local Stoke Gifford conveyancing practitioners or national solicitors on your lender’s panel .

Stoke Gifford leasehold conveyancing Example Support Desk Enquiries

Having checked my lease I have discovered that there are only Fifty years remaining on my lease in Stoke Gifford. I now wish to get lease extension but my freeholder is can not be found. What options are available to me?

On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the Court. However, you will be required to prove that you or your lawyers have made all reasonable attempts to find the lessor. For most situations an enquiry agent should be useful to carry out a search and prepare a report to be used as proof that the freeholder is indeed missing. It is wise to seek advice from a conveyancer both on devolving into the landlord’s absence and the vesting order request to the County Court overseeing Stoke Gifford.

Planning to complete next month on a ground floor flat in Stoke Gifford. Conveyancing solicitors have said that they are sending me a report within the next couple of days. What should I be looking out for?

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

  • Does the lease require carpeting throughout thus preventing wood flooring?
  • Ground rent - how much and when you need to pay, and also know whether this will change in the future
  • An explanation as to the provision in the lease to pay service charges - with regard to both the building, and the more general rights a leaseholder has
  • Changes to the flat (alterations and additions)
  • 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 property and do you know what it means in practice?
  • Responsibility for repairing the window frames For details of the information to be contained in your report on your leasehold property in Stoke Gifford please ask your lawyer in advance of your conveyancing in Stoke Gifford

    • My wife and I purchased a leasehold flat in Stoke Gifford. Conveyancing and Norwich and Peterborough Building Society mortgage went though with no issue. A letter has just been received from someone saying they have taken over the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1996. The conveyancing solicitor in Stoke Gifford who acted for me is not around.Do I pay?

    The first thing you should do is contact HMLR to be sure that this person is in fact the new freeholder. It is not necessary to instruct a Stoke Gifford conveyancing firm to do this as it can be done on-line for less than a fiver. You should note that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.

    I am tempted by the attractive purchase price for a couple of apartments in Stoke Gifford which have about 50 years left on the lease term. Will this present a problem?

    There are plenty of short leases in Stoke Gifford. The lease is a legal document that entitles you to use the premises for a period of time. As a lease shortens the marketability of the lease deteriorate and results in it becoming more costly to extend the lease. For this reason it is often a good idea to increase the term of the lease. It is often difficult to sell a property with a short lease as mortgage lenders may be reluctant to lend money on such properties. Lease enfranchisement can be a difficult process. We recommend you get professional help from a solicitor and surveyor with experience in this area

    In relation to leasehold conveyancing in Stoke Gifford what are the most frequent lease problems?

    There is nothing unique about leasehold conveyancing in Stoke Gifford. Most leases are unique and legal mistakes in the legal wording can result in certain provisions are not included. The following missing provisions could result in a defective lease:

    • Repairing obligations to or maintain elements of the property
    • A duty to insure the building
    • A provision for the recovery of money spent for the benefit of another party.
    • Service charge per centages that don't add up correctly leaving a shortfall

    You could have difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Accord Mortgages Ltd, Coventry Building Society, and Godiva Mortgages Ltd all have express conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease is defective they may refuse to provide security, forcing the purchaser to withdraw.

    Stoke Gifford Conveyancing for Leasehold Flats - Sample of Questions you should ask Prior to buying

      The answer will be helpful as a) areas can result in problems for the block as the common areas may begin to deteriorate where services remain unpaid b) if the leasehold owners have a dispute with the running of the building you will want to have all the details How many years remain on the lease? Please note if it is no more than 80 years it will affect the marketability of the property. Check with your lender that they are happy with the length of the lease. A short lease means that you will almost definitely have to extend the lease sooner rather than later and you need to have some idea of how much this will be. Remember, in most cases you will need to own the residence for 24 months before you are entitled to carry out a lease extension.

    Other Topics

    Lease Extensions in Stoke Gifford