Guaranteed fixed fees for Leasehold Conveyancing in Towyn

Get a Quote

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

Frequently asked questions relating to Towyn leasehold conveyancing

Harry (my fiance) and I may need to let out our Towyn 1st floor flat for a while due to taking a sabbatical. We instructed a Towyn conveyancing firm in 2003 but they have since shut and we did not have the foresight to seek any advice as to whether the lease permits subletting. How do we find out?

Notwithstanding that your last Towyn conveyancing lawyer is not available you can review your lease to check if it allows you to sublet the apartment. The accepted inference is that if the lease is non-specific, subletting is allowed. There may be a precondition that you are obliged to seek consent from your landlord or other appropriate person in advance of subletting. This means you not allowed to sublet without prior permission. Such consent should not be unreasonably refused ore delayed. If the lease prohibits you from letting out the property you will need to ask your landlord for their consent.

Looking forward to exchange soon on a basement flat in Towyn. Conveyancing lawyers assured me that they report fully tomorrow. What should I be looking out for?

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

  • The total extent of the premises. This will be the property itself but could also incorporate a roof space or cellar if applicable.
  • Do you need to have carpet in the flat or are you allowed wood flooring?
  • Does the lease prevent you from subletting the flat, or having a home office for business
  • 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
  • I don't know whether the lease allows me to alter or improve anything in the flat - you should know whether it applies to all alterations or just structural alteration, and whether consent is required
  • 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.
  • Responsibility for repairing the window frames For details of the information to be contained in your report on your leasehold property in Towyn please ask your lawyer in advance of your conveyancing in Towyn

    • I have just started marketing my ground floor apartment in Towyn.Conveyancing lawyers have not yet been instructed but I have just received a half-yearly service charge demand – what should I do?

    It best that you pay 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 management companies 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. Having a clear account will assist your cause and will leave you no worse off financially.

    I am attracted to a two maisonettes in Towyn which have approximately fifty years unexpired on the lease term. should I be concerned?

    A lease is a right to use the property for a prescribed time frame. As the lease shortens the marketability of the lease decreases and results in it becoming more expensive to extend the lease. For this reason it is generally wise to increase the term of the lease. Sometimes it is difficulties arise selling premises with a short lease as mortgage lenders may be reluctant to lend money on properties of this type. Lease extension can be a protracted process. We advise that you seek professional help from a solicitor and surveyor with experience in this field

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

    When appointing a conveyancer for lease extension works (regardless if they are a Towyn conveyancing practice) it is most important that he or she should be familiar with the legislation and specialises in this area of work. We suggested that you speak with several firms including non Towyn conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. Some following of questions might be of use:

    • If they are not ALEP accredited then what is the reason?
  • How many lease extensions have they completed in Towyn in the last twenty four months?

    • Towyn Conveyancing for Leasehold Flats - Sample of Queries before Purchasing

      This information is important as a) areas could cause problems for the block as the common areas may start to deteriorate if repairs remain unpaid b) if the leasehold owners have an issue with the running of the building you will wish to have complete disclosure Plenty Towyn leasehold properties will incur a service charge for the upkeep of the block levied on behalf of the landlord. Where you acquire the property you will have to meet this liability, normally in instalments during the year. This can be anything from a couple of hundred pounds to thousands of pounds for buildings with lifts and large communal areas. There will also be a rentcharge for you to pay yearly, this is usually not a exorbitant sum, say approximately £50-£100 but you need to enquire as occasionally it could be many hundreds of pounds. If a Towyn lease has no more than 80 years it will have adverse implications on the salability of the flat. It is worth checking with your mortgage company that they are willing to lend given the lease term. Leases with less than 80 years remaining means that you will probably require a lease extension sooner rather than later and you need to have some idea of what this would cost. Remember, in most cases you would need to own the property for 24 months before you are eligible to exercise a lease extension.

    Other Topics

    Lease Extensions in Towyn