Guaranteed fixed fees for Leasehold Conveyancing in Summertown

Get a Quote

Need to find a solicitor for leasehold conveyancing in Summertown on your lender’s panel? Use our search tool to find approved local Summertown conveyancing practitioners or nationwide solicitors on your lender’s panel .

Frequently asked questions relating to Summertown leasehold conveyancing

I wish to rent out my leasehold flat in Summertown. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for permission?

Some leases for properties in Summertown do contain a provision to say that subletting is only allowed with permission. The landlord is not entitled to unreasonably withhold 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.

Planning to complete next month on a ground floor flat in Summertown. Conveyancing solicitors have said that they report fully next week. Are there areas in the report that I should be focusing on?

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

  • You should be sent a copy of the lease
  • The unexpired lease term You should be advised as what happens when the lease expires, and informed of the importance of the 80 year mark
  • Will you be prohibited or prevented from having pets in the property?
  • Whether the landlord has obligations to ensure rights of quiet enjoyment over your property 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
  • What options are open to you if a neighbour is in violation of a provision in their lease?
  • What the implications are if you breach a clause of your lease? For a comprehensive list of information to be contained in your report on your leasehold property in Summertown please enquire of your conveyancer in advance of your conveyancing in Summertown

    • I am looking at a couple of maisonettes in Summertown which have about 50 years left on the lease term. Should I regard a short lease as a deal breaker?

    There are plenty of short leases in Summertown. The lease is a right to use the property for a period of time. As a lease shortens the value of the lease deteriorate and results in it becoming more expensive to extend the lease. For this reason it is often a good idea to extend the lease term. It is often difficulties arise selling premises with a short lease because mortgage lenders less inclined to grant a loan on such properties. Lease enfranchisement can be a difficult process. We recommend you get professional assistance from a conveyancer and surveyor with experience in this arena

    Can you offer any advice when it comes to appointing a Summertown conveyancing practice to deal with our lease extension?

    When appointing a conveyancer for lease extension works (regardless if they are a Summertown conveyancing firm) it is most important that he or she should be familiar with the legislation and specialises in this area of conveyancing. We advise that you talk with several firms including non Summertown conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. Some following of questions could be useful:

    • How familiar is the practice with lease extension legislation?
  • Can they put you in touch with client in Summertown who can give a testimonial?

    • Can you provide any top tips for leasehold conveyancing in Summertown with the intention of speeding up the sale process?

    • A significant proportion of the delay in leasehold conveyancing in Summertown can be reduced where you appoint lawyers the minute your agents start advertising the property and ask them to collate the leasehold information needed by the purchasers’ solicitors.
    • The majority freeholders or managing agents in Summertown charge for supplying management packs for a leasehold homes. You or your lawyers should enquire as to the fee that they propose to charge. The management pack can be applied for on or before finding a buyer, thus accelerating the process. The average time it takes to receive management information is three weeks. It is the most usual reason for delay in leasehold conveyancing in Summertown.
  • In the event that you altered the property did you need the Landlord’s approval? Have you, for example installed wooden flooring? Summertown leases often stipulate that internal structural alterations or installing wooden flooring necessitate a licence from the Landlord acquiescing to such works. If you dont have the approvals to hand do not communicate with the landlord without checking with your lawyer before hand.
  • If there is a history of any disputes with your freeholder or managing agents it is essential that these are settled before the property is marketed. The buyers and their solicitors will be warry about purchasing a flat where a dispute is unresolved. You may need to swallow your pride and pay any arrears of service charge or resolve the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You will still have to reveal details of the dispute to the buyers, but it is better to reveal the dispute as over as opposed to unsettled.
  • If you hold a share in a the freehold, you should make sure that you are holding the original share document. Organising a new share certificate is often a time consuming process and frustrates many a Summertown conveyancing deal. If a reissued share is needed, you should approach the company director and secretary or managing agents (where relevant) for this sooner rather than later.

    • I am the registered owner of a 1st floor flat in Summertown, conveyancing having been completed 6 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent properties in Summertown with an extended lease are worth £208,000. The ground rent is £65 yearly. The lease runs out on 21st October 2092

    With only 67 years left to run the likely cost is going to span between £13,300 and £15,400 as well as professional fees.

    The figure above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more detailed due diligence. You should not use the figures in tribunal or court proceedings. There may be other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first getting professional advice.

    Other Topics

    Lease Extensions in Summertown