Fixed-fee leasehold conveyancing in Stony Stratford:

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Questions and Answers: Stony Stratford leasehold conveyancing

I am in need of some leasehold conveyancing in Stony Stratford. Before I get started I require certainty as to the unexpired term of the lease.

Assuming the lease is recorded at the land registry - and 99.9% are in Stony Stratford - 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.

Looking forward to sign contracts shortly on a garden flat in Stony Stratford. Conveyancing solicitors inform me that they will have a report out to me within the next couple of days. Are there areas in the report that I should be focusing on?

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

  • The physical extent of the demise. This will be the property itself but might include a loft or basement if applicable.
  • Ground rent - how much and when you need to pay, and also know whether this is subject to change
  • 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
  • You should have a good understanding of the insurance provisions
  • Repair and maintenance of the flat
  • Responsibility for repairing the window frames
  • What options are open to you if a neighbour is in violation of a provision in their lease? For details of the information to be contained in your report on your leasehold property in Stony Stratford please ask your conveyancer in advance of your conveyancing in Stony Stratford

    • I've found a house that appears to be perfect, at a reasonable price which is making it all the more appealing. I have just found out that it's a leasehold rather than freehold. I would have thought that there are particular concerns buying a leasehold house in Stony Stratford. Conveyancing lawyers have not yet been instructed. Will they explain the issues?

    The majority of houses in Stony Stratford are freehold and not leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can assist with the conveyancing process. it is apparent that you are purchasing in Stony Stratford in which case you should be looking for a Stony Stratford conveyancing practitioner and check that they have experience in advising on leasehold houses. First you will need to check the number of years remaining. As a leaseholder you will not be entirely free to do whatever you want to the property. The lease will likely included provisions such as requiring the freeholder’sconsent to carry out changes to the property. It may be necessary to pay a maintenance charge towards the maintenance of the estate where the property is located on an estate. Your solicitor should appraise you on the various issues.

    My wife and I purchased a leasehold flat in Stony Stratford. Conveyancing and National Westminster Bank mortgage went though with no issue. A letter has just been received from someone saying they have taken over the freehold. It included a demand for arrears of ground rent dating back to 1991. The conveyancing solicitor in Stony Stratford who acted for me is not around.Any advice?

    First make enquiries of the Land Registry to be sure that this person is indeed the new freeholder. You do not need to incur the fees of a Stony Stratford conveyancing solicitor to do this as it can be done on-line for £3. You should note that regardless, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.

    What are your top tips when it comes to finding a Stony Stratford conveyancing practice to deal with our lease extension?

    When appointing a property lawyer for lease extension works (regardless if they are a Stony Stratford conveyancing firm) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We advise that you make enquires with two or three firms including non Stony Stratford conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. Some following of questions might be of use:

    • How many lease extensions have they completed in Stony Stratford in the last 12 months?
  • Can they put you in touch with client in Stony Stratford who can give a testimonial?

    • Stony Stratford Leasehold Conveyancing - Sample of Queries Prior to buying

      How is the lease structured? The best form of lease arrangement is where the freehold title is in the ownership of the leaseholders. In this scenario the tenants enjoy control and although a managing agent is usually employed if it is bigger than a house conversion, the managing agent is directed by the tenants. Generally speaking the cost for major works tend not to be included within maintenance charges, although a few managing agents in Stony Stratford require leasehold owners to contribute towards a reserve fund created for the specific intention of establishing a fund for major works.

    Other Topics

    Lease Extensions in Stony Stratford