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

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While any conveyancing solicitor can theoretically deal with your leasehold conveyancing in Thornhill, your mortgage provider may unwilling to work with them if the firm are not on their list of approved solicitors for conveyancing

Recently asked questions relating to Thornhill leasehold conveyancing

Expecting to complete next month on a ground floor flat in Thornhill. Conveyancing solicitors inform me that they report fully on Monday. Are there areas in the report that I should be focusing on?

Your report on title for your leasehold conveyancing in Thornhill should include some of the following:

  • You should receive a copy of the lease
  • Details of the parties to the lease, for example these could be the leaseholder (you), head lessor, freeholder
  • You need to be told what constitutes a Nuisance in the lease
  • Ground rent - how much and when you need to pay, and also know whether this is subject to change
  • 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
  • Responsibility for repairing the window frames
  • What the implications are if you breach a clause of your lease? For details of the information to be included in your report on your leasehold property in Thornhill please enquire of your lawyer in ahead of your conveyancing in Thornhill

    • I have just started marketing my ground floor flat in Thornhill.Conveyancing lawyers have not yet been instructed but I have just received a half-yearly service charge demand – should I leave it to the buyer to sort out?

    It best that you clear the service charge 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 unless 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. This will smooth the conveyancing process.

    I am attracted to a couple of apartments in Thornhill both have in the region of fifty years left on the leases. Should I regard a short lease as a deal breaker?

    A lease is a right to use the premises for a period of time. As a lease gets shorter the marketability of the lease deteriorate and results in it becoming more expensive to extend the lease. This is why it is often a good idea to extend the lease term. Sometimes it is difficult to sell a property with a short lease because mortgage lenders may be reluctant to lend money on such properties. Lease enfranchisement can be a protracted process. We recommend you get professional help from a solicitor and surveyor with experience in this field

    Can you offer any advice when it comes to finding a Thornhill conveyancing firm to deal with our lease extension?

    If you are instructing a conveyancer for your lease extension (regardless if they are a Thornhill conveyancing practice) it is most important that he or she should be familiar with the legislation and specialises in this area of work. We advise that you make enquires with two or three firms including non Thornhill conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. Some following of questions could be helpful:

    • Can they put you in touch with client in Thornhill who can give a testimonial?
  • What are the charges for lease extension conveyancing?

    • When it comes to leasehold conveyancing in Thornhill what are the most frequent lease problems?

    There is nothing unique about leasehold conveyancing in Thornhill. All leases is drafted differently and legal mistakes in the legal wording can result in certain provisions are erroneous. The following missing provisions could result in a defective lease:

    • Repairing obligations to or maintain parts of the building
    • Insurance obligations
    • Clauses dealing with recovering service charges for expenditure on the building or common parts.
    • Service charge per centages that don't add up correctly leaving a shortfall

    A defective lease will likely cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Santander, Chelsea Building Society, and Barclays Direct all have very detailed 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 problematic they may refuse to provide security, forcing the purchaser to withdraw.

    Leasehold Conveyancing in Thornhill - Examples of Queries Prior to buying

      Most Thornhill leasehold properties will incur a service charge for maintenance of the building invoiced on behalf of the freeholder. Should you purchase the property you will have to pay this charge, normally in instalments accross the year. This may differ from several hundred pounds to thousands of pounds for bigger purpose-built blocks. There will also be a ground rent to be met yearly, this is usually not a large sum, say approximately £50-£100 but you need to check as on occasion it can be prohibitively expensive. How long is the Lease? Best to be warned if redecorating or some other significant cost is due shortly to be shared by the leasehold owners and could well dramatically impact the level of the maintenance fees or result in a specific invoice.

    Other Topics

    Lease Extensions in Thornhill