Fixed-fee leasehold conveyancing in Tremeirchion:

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Leasehold conveyancing in Tremeirchion is more complex than freehold. Your home move will be smoother where you choose a lawyer with a wealth of experience of leasehold conveyancing in Tremeirchion and next step up in loc. The lawyers we recommend have been approved by your lender so use our search tool to check.

Tremeirchion leasehold conveyancing: Q and A’s

Having had my offer accepted I require leasehold conveyancing in Tremeirchion. Before I set the wheels in motion I require certainty as to the remaining lease term.

Assuming the lease is recorded at the land registry - and most are in Tremeirchion - 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.

I am hoping to put an offer on a small detached house that appears to meet my requirements, at a great price which is making it all the more appealing. I have just found out that it's a leasehold rather than freehold. I am assuming that there are particular concerns buying a house with a leasehold title in Tremeirchion. Conveyancing advisers have are soon to be instructed. Will my lawyers set out the risks of buying a leasehold house in Tremeirchion ?

Most houses in Tremeirchion are freehold rather than leasehold. This is one of the situations where having a local conveyancer who is familiar with the area can assist with the conveyancing process. It is clear that you are buying in Tremeirchion so you should seriously consider looking for a Tremeirchion conveyancing solicitor and check that they have experience in dealing with leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a leaseholder you will not be at liberty to do whatever you want with the house. The lease will likely included provisions for example requiring the landlord’sconsent to conduct changes to the property. It may be necessary to pay a maintenance charge towards the upkeep of the communal areas where the house is located on an estate. Your solicitor will advise you fully on all the issues.

Back In 2005, I bought a leasehold house in Tremeirchion. Conveyancing and Chelsea Building Society mortgage went though with no issue. I have received a letter from someone saying they have taken over the freehold. It included a demand for arrears of ground rent dating back to 1992. The conveyancing practitioner in Tremeirchion who acted for me is not around.Any advice?

The first thing you should do is make enquiries of the Land Registry to make sure that this person is indeed the new freeholder. There is no need to incur the fees of a Tremeirchion conveyancing solicitor to do this as it can be done on-line for £3. Rest assured that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

Can you offer any advice when it comes to finding a Tremeirchion conveyancing practice to carry out our lease extension conveyancing?

When appointing a conveyancer for lease extension works (regardless if they are a Tremeirchion conveyancing firm) it is essential that they be familiar with the legislation and specialises in this area of work. We suggested that you speak with several firms including non Tremeirchion conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. Some following of questions might be of use:

  • How familiar is the firm with lease extension legislation?
  • How many lease extensions has the firm carried out in Tremeirchion in the last 12 months?

    • Can you provide any top tips for leasehold conveyancing in Tremeirchion with the purpose of expediting the sale process?

    • Much of the delay in leasehold conveyancing in Tremeirchion can be reduced where you instruct lawyers as soon as your agents start advertising the property and request that they start to put together the leasehold information needed by the buyers lawyers.
    • If you have carried out any alterations to the residence would they have required Landlord’s consent? Have you, for example installed wooden flooring? Most leases in Tremeirchion state that internal structural changes or addition of wooden flooring require a licence from the Landlord consenting to such alterations. Should you dont have the consents in place do not contact the landlord without contacting your lawyer first.
  • A minority of Tremeirchion leases require Landlord’s consent to the sale and approval of the buyers. If this is the case, you should notify your estate agents to make sure that the purchasers obtain financial (bank) and professional references. The bank reference should make it clear that the buyer is 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 service charge figures so that they can pass this information on to the buyers or their lawyers.
  • If you have had any disputes with your freeholder or managing agents it is very important that these are resolved prior to the flat being marketed. The buyers and their solicitors will be reluctant to purchase a property where there is an ongoing dispute. You may need to swallow your pride and discharge 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 details of the dispute to the purchasers, but it is clearly preferable to present the dispute as over as opposed to ongoing.
  • If you are supposed to have a share in the Management Company, you should make sure that you are holding the original share certificate. Organising a new share certificate can be a lengthy process and delays many a Tremeirchion home move. Where a duplicate share certificate is necessary, do contact the company officers or managing agents (where applicable) for this at the earliest opportunity.

    • I inherited a 2 bed flat in Tremeirchion, conveyancing was carried out in 2003. Can you please calculate a probable premium for a statutory lease extension? Equivalent properties in Tremeirchion with a long lease are worth £190,000. The ground rent is £55 charged once a year. The lease runs out on 21st October 2077

    With only 53 years remaining on your lease the likely cost is going to range between £33,300 and £38,400 as well as professional fees.

    The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to provide a more accurate figure in the absence of detailed investigations. Do not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before seeking the advice of a professional.

    Other Topics

    Lease Extensions in Tremeirchion