Leasehold Conveyancing in Tal y bont - Get a Quote from the leasehold experts approved by your lender

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When it comes to leasehold conveyancing in Tal y bont, you will need to instruct a conveyancing practitioner with leasehold experience. Whether your lender is to be Clydesdale , RBS or Nationwide be sure to find a lawyer on their approved list. Feel free to use our search tool

Questions and Answers: Tal y bont leasehold conveyancing

I only have 68 years unexpired on my flat in Tal y bont. I am keen to get lease extension but my landlord is missing. What are my options?

On the basis that you qualify, 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 have used your best endeavours to track down the freeholder. For most situations a specialist would be useful to carry out a search and prepare a report to be accepted by the court as proof that the landlord is indeed missing. It is wise to seek advice from a property lawyer both on proving the landlord’s absence and the vesting order request to the County Court covering Tal y bont.

I’m about to sell my 2 bed apartment in Tal y bont.Conveyancing solicitors are to be appointed soon but I have just received a quarterly service charge invoice – should I leave it to the buyer to sort out?

It best that you clear the invoice 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 managing agents 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. Having a clear account will assist your cause and will leave you no worse off financially.

I own a leasehold flat in Tal y bont. Conveyancing and Alliance & Leicester mortgage went though with no issue. A letter has just been received from someone claiming to own the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1992. The conveyancing practitioner in Tal y bont who acted for me is not around.What should I do?

The first thing you should do is make enquiries of the Land Registry to be sure that this person is indeed the new freeholder. There is no need to instruct a Tal y bont conveyancing practitioner to do this as you can do this on the Land Registry website for £3. Rest assured that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.

Do you have any top tips for leasehold conveyancing in Tal y bont from the point of view of expediting the sale process?

  • A significant proportion of the frustration in leasehold conveyancing in Tal y bont can be bypassed if you appoint lawyers as soon as your agents start marketing the property and ask them to collate the leasehold documentation needed by the purchasers’ solicitors.
  • The majority landlords or Management Companies in Tal y bont levy fees for providing management packs for a leasehold homes. You or your lawyers should enquire as to the actual amount of the charges. The management information can be applied for on or before finding a buyer, thus accelerating the process. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most frequent cause of delay in leasehold conveyancing in Tal y bont.
  • If you have carried out any alterations to the property would they have required Landlord’s consent? In particular have you installed wooden flooring? Most leases in Tal y bont state that internal structural changes or installing wooden flooring necessitate a licence from the Landlord consenting to such changes. If you fail to have the consents in place you should not communicate with the landlord without checking with your conveyancer first.
  • If you have had any disputes with your landlord or managing agents it is essential that these are resolved before the property is put on the market. The buyers and their solicitors will be warry about purchasing a property where there is a current dispute. You may have to bite the bullet and pay any arrears of service charge or settle the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You will still have to reveal particulars of the dispute to the purchasers, but it is better to reveal the dispute as historic rather than unsettled.
  • If you are supposed to have a share in the Management Company, you should ensure that you are holding the original share certificate. Arranging a replacement share certificate can be a time consuming process and delays many a Tal y bont conveyancing transaction. If a duplicate share certificate is needed, do contact the company officers or managing agents (where relevant) for this at the earliest opportunity.

    • All being well we will complete the sale of our £350000 apartment in Tal y bont in just under a week. The managing agents has quoted £384 for Landlord’s certificate, building insurance schedule and previous years service charge statements. Is it legal for a freeholder to charge exorbitant fees for a flat conveyance in Tal y bont?

    Tal y bont conveyancing on leasehold flats more often than not requires the buyer’s lawyer sending questions for the landlord to address. Although the landlord is under no legal obligation to answer these enquiries the majority will be willing to assist. They are at liberty charge a reasonable charge for answering enquiries or supplying documentation. There is no upper cap for such fees. The average costs for the paperwork that you are referring to is over three hundred pounds, in some situations it is in excess of £800. The management information fee demanded by the landlord must be sent together with a summary of rights and obligations in respect of administration charges, without which the invoice is not strictly payable. In reality one has no choice but to pay whatever is demanded should you wish to exchange contracts with the buyer.

    Tal y bont Leasehold Conveyancing - Sample of Queries before buying

      Who takes responsibility for maintaining and repairing the building? Is anyone aware of any major works on the horizon that will likely add a premium to the service costs? Make sure you find out if there are any onerous prohibitions in the lease. For example some leases prohibit pets being permitted in certain buildings in Tal y bont. If you love the apartmentin Tal y bont but your dog can’t move with you then you will be presented with a difficult determination.

    Other Topics

    Lease Extensions in Tal y bont