Fixed-fee leasehold conveyancing in Washwood Heath:

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

Washwood Heath leasehold conveyancing: Q and A’s

I am intending to let out my leasehold flat in Washwood Heath. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for permission?

The lease governs the relationship between the landlord and you the leaseholder; in particular, it will set out if subletting is not allowed, or permitted but only subject to certain caveats. The rule is that if the lease contains no expres ban or restriction, subletting is allowed. Most leases in Washwood Heath do not contain an absolute prevention of subletting – such a provision would undoubtedly devalue the flat. In most cases there is simply a requirement that the owner notifies the freeholder, possibly supplying a copy of the sublease.

Looking forward to complete next month on a basement flat in Washwood Heath. Conveyancing solicitors have said that they are sending me a report on Monday. What should I be looking out for?

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

  • The length of the lease term You should be advised as what happens when the lease expires, and aware 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
  • Setting out your legal entitlements in relation to common areas in the building.E.G., does the lease grant a right of way over an accessway or hallways?
  • You should have a good understanding of the insurance provisions
  • 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.
  • What the implications are if you breach a clause of your lease? For a comprehensive list of information to be contained in your report on your leasehold property in Washwood Heath please enquire of your conveyancer in advance of your conveyancing in Washwood Heath

  • My wife and I purchased a leasehold house in Washwood Heath. Conveyancing and Britannia mortgage went though with no issue. I have received a letter from someone claiming to own the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1998. The conveyancing practitioner in Washwood Heath who previously acted has long since retired.Any advice?

    The first thing you should do is contact the Land Registry to make sure that this person is indeed the new freeholder. It is not necessary to instruct a Washwood Heath conveyancing solicitor to do this as you can do this on the Land Registry website for a few pound. You should note 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.

    I am attracted to a couple of maisonettes in Washwood Heath both have in the region of forty five years left on the leases. Should I regard a short lease as a deal breaker?

    There are plenty of short leases in Washwood Heath. The lease is a right to use the property for a prescribed time frame. As a lease shortens the saleability of the lease decreases and results in it becoming more expensive to extend the lease. For this reason it is generally wise to extend the lease term. Sometimes it is difficult to sell a property with a short lease because mortgage companies less inclined to grant a loan on such properties. Lease enfranchisement can be a protracted process. We advise that you get professional assistance from a solicitor and surveyor with experience in this field

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

    • A significant proportion of the frustration in leasehold conveyancing in Washwood Heath can be bypassed where you get in touch lawyers the minute you market your property and ask them to put together the leasehold information needed by the purchasers’ lawyers.
    • In the event that you altered the property did you need the Landlord’s permission? In particular have you laid down wooden flooring? Most leases in Washwood Heath state that internal structural alterations or installing wooden flooring calls for a licence issued by the Landlord consenting to such changes. If you fail to have the consents to hand you should not communicate with the landlord without checking with your lawyer in advance.
  • If there is a history of conflict with your landlord or managing agents it is very important that these are settled prior to the flat being marketed. The purchasers and their solicitors will be reluctant to purchase a property where there is a current dispute. You may have to bite the bullet and discharge any arrears of service charge or resolve the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You will still have to reveal particulars of the dispute to the buyers, but it is better to present the dispute as historic rather than unresolved.
  • If you have the benefit of shareholding in the Management Company, you should make sure that you hold the original share certificate. Organising a new share certificate can be a lengthy process and delays many a Washwood Heath conveyancing deal. Where a new share certificate is needed, do contact the company officers or managing agents (if applicable) for this sooner rather than later.
  • You may think that you are aware of the number of years left on your lease but it would be wise to verify this by asking your solicitors. A buyer’s conveyancer will be unlikely to recommend their client to to exchange contracts if the remaining number of years is less than 75 years. In the circumstances it is important at an early stage that you consider whether the lease term for your property needs extending. If it does, contact your solicitors before you put your property on the market for sale.

  • Washwood Heath Leasehold Conveyancing - Sample of Questions you should ask Prior to Purchasing

      It would be wise to enquire if there is anything that is prohibited in the lease. By way of example some leases prohibit pets being permitted in certain buildings in Washwood Heath. If you love the propertyin Washwood Heath but your cat is not allowed to move with you then you have a very difficult decision. Does this lease have more than 80 years remaining? Plenty Washwood Heath leasehold apartments will be liable to pay a service charge for maintenance of the block set by the management company. Should you buy the property you will have to meet this contribution, normally periodically during the year. This can differ from several hundred pounds to thousands of pounds for buildings with lifts and large common areas. There will also be a ground rent for you to pay yearly, this is usually not a significant amount, say about £25-£75 but you should to check as occasionally it could be many hundreds of pounds.

    Other Topics

    Lease Extensions in Washwood Heath