Leasehold Conveyancing in Thornbury - Get a Quote from the leasehold experts approved by your lender

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When it comes to leasehold conveyancing in Thornbury, you will need to appoint a conveyancing solicitor with leasehold experience. Whether your mortgage company is to be Lloyds, Yorkshire Building Society or Nationwide make sure you find a lawyer on their panel. Find a Thornbury conveyancing lawyer with our search tool

Frequently asked questions relating to Thornbury leasehold conveyancing

I am in need of some leasehold conveyancing in Thornbury. Before I get started I would like to find out the number of years remaining on the lease.

If the lease is recorded at the land registry - and 99.9% are in Thornbury - 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.

Jane (my partner) and I may need to sub-let our Thornbury basement flat temporarily due to a career opportunity. We used a Thornbury conveyancing practice in 2003 but they have closed and we did not have the foresight to seek any guidance as to whether the lease prohibits the subletting of the flat. How do we find out?

Even though your previous Thornbury conveyancing solicitor is no longer around you can check your lease to see if it allows you to sublet the apartment. The rule is that if the lease is silent, subletting is allowed. Quite often there is a prerequisite that you must seek consent from your landlord or other appropriate person before subletting. The net result is that you cannot sublet without prior consent. Such consent is not allowed to be unreasonably turned down. If your lease prohibits you from subletting the property you should ask your landlord if they are willing to waive this restriction.

Due to complete next month on a studio apartment in Thornbury. Conveyancing solicitors have said that they are sending me a report next week. What should I be looking out for?

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

  • How long the lease is You should be advised as what happens when the lease expires, and informed of the importance of not letting the lease term falling below eighty years
  • Details of the parties to the lease, for example these could be the leaseholder (you), head lessor, landlord
  • Defining your legal entitlements in respect of the communal areas in the building.For example, does the lease contain a right of way over an accessway or staircase?
  • Repair and maintenance of the flat
  • 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.
  • 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 included in your report on your leasehold property in Thornbury please ask your lawyer in ahead of your conveyancing in Thornbury

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

    • A significant proportion of the delay in leasehold conveyancing in Thornbury can be reduced where you instruct lawyers as soon as you market your property and request that they start to put together the leasehold documentation needed by the buyers conveyancers.
    • In the event that you altered the property did you need the Landlord’s permission? Have you, for example installed wooden flooring? Thornbury leases often stipulate that internal structural changes or installing wooden flooring necessitate a licence issued by the Landlord acquiescing to such alterations. Where you dont have the approvals in place do not communicate with the landlord without checking with your conveyancer before hand.
  • A minority of Thornbury leases require Licence to Assign from the landlord. If this applies to your lease, it would be prudent to place the estate agents on notice to make sure that the purchasers obtain bank and professional references. Any bank reference will need to confirm that the buyers are financially capable of paying the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the buyers or their lawyers.
  • If you have the benefit of shareholding in the Management Company, you should ensure that you hold the original share document. Arranging a re-issued share certificate is often a time consuming formality and slows down many a Thornbury conveyancing transaction. If a reissued share certificate is needed, you should approach the company director and secretary or managing agents (if relevant) for this at the earliest opportunity.
  • You may think that you are aware of the number of years left on your lease but you should double-check via your solicitors. A purchaser's conveyancer will not be happy to advise their client to where the lease term is below 80 years. In the circumstances it is important at an early stage that you consider whether the lease requires a lease extension. If it does, contact your solicitors before you put your home on the market for sale.

    • What makes a Thornbury lease unacceptable for security purposes?

    Leasehold conveyancing in Thornbury is not unique. All leases are individual and legal mistakes in the legal wording can sometimes mean that certain clauses are missing. The following missing provisions could result in a defective lease:

    • Repairing obligations to or maintain parts of the property
    • Insurance obligations
    • A provision for the recovery of money spent for the benefit of another party.
    • Maintenance charge proportions which don’t add up to the correct percentage

    A defective lease will likely cause problems when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Birmingham Midshires, Leeds Building Society, and Platform Home Loans Ltd all have express conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is defective they may refuse to grant the mortgage, obliging the buyer to pull out.

    Thornbury Conveyancing for Leasehold Flats - A selection of Questions you should consider Prior to buying

      Be sure to find out if the the lease includes any adverse restrictions in the lease. By way of example some leases prohibit pets being permitted in in a block in Thornbury. If you like the flatin Thornbury yet your cat is not allowed to make the move with you then you will be faced hard choice. This question is helpful as a) areas may result in problems in the building as the common areas may start to deteriorate where repairs remain unpaid b) if the leasehold owners have an issue with the running of the building you will want to know about it Please tell me if there are any major works anticipated that could increase the service charges?

    Other Topics

    Lease Extensions in Thornbury