Fixed-fee leasehold conveyancing in Wavertree:

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

Sample questions relating to Wavertree leasehold conveyancing

I only have 68 years left on my lease in Wavertree. I am keen to get lease extension but my landlord is absent. What options are available to me?

On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be extended by the magistrate. You will be obliged to prove that you or your lawyers have made all reasonable attempts to locate the freeholder. In some cases an enquiry agent would be useful to try and locate and to produce an expert document which can be used as evidence that the landlord is indeed missing. It is wise to seek advice from a property lawyer both on devolving into the landlord’s absence and the vesting order request to the County Court covering Wavertree.

Expecting to exchange soon on a garden flat in Wavertree. Conveyancing solicitors inform me that they report fully next week. What should I be looking out for?

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

  • You should receive a copy of the lease
  • Setting out your legal entitlements in respect of the communal areas in the building.For example, does the lease provide for a right of way over a path or hallways?
  • Whether the lease restricts you from subletting the flat, or working from home
  • 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
  • What options are open to you if a neighbour breach a clause of their lease?
  • 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 Wavertree please enquire of your lawyer in ahead of your conveyancing in Wavertree

    • My wife and I purchased a leasehold house in Wavertree. Conveyancing and Aldermore mortgage are in place. I have received a letter from someone saying they have taken over the freehold. Attached was a demand for arrears of ground rent dating back to 1993. The conveyancing solicitor in Wavertree who previously acted has long since retired.Do I pay?

    The first thing you should do is contact the Land Registry to make sure that the individual claiming to own the freehold is in fact the registered owner of the freehold reversion. There is no need to incur the fees of a Wavertree conveyancing lawyer to do this as it can be done on-line for less than a fiver. You should note that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.

    I am attracted to a couple of flats in Wavertree which have about forty five years left on the leases. Should I regard a short lease as a deal breaker?

    A lease is a right to use the property for a period of time. As the lease shortens the saleability of the lease deteriorate and results in it becoming more costly to acquire a lease extension. For this reason it is often a good idea to increase the term of the lease. More often than not it is difficult to sell a property with a short lease because mortgage lenders may be reluctant to lend money on properties of this type. Lease extension can be a difficult process. We advise that you get professional assistance from a conveyancer and surveyor with experience in this arena

    Do you have any advice for leasehold conveyancing in Wavertree from the point of view of expediting the sale process?

    • Much of the delay in leasehold conveyancing in Wavertree can be bypassed if you get in touch lawyers as soon as your agents start advertising the property and ask them to collate the leasehold information which will be required by the buyers representatives.
    • In the event that you altered the property did you need the Landlord’s approval? In particular have you laid down wooden flooring? Wavertree leases often stipulate that internal structural changes or installing wooden flooring require a licence issued by the Landlord approving such works. Should you fail to have the paperwork in place do not contact the landlord without checking with your lawyer in advance.
  • Some Wavertree leases require Licence to Assign from the landlord. If this is the case, it would be prudent to notify your estate agents to make sure that the purchasers put in hand bank and professional references. Any bank reference should make it clear that the buyer is financially capable of paying the yearly 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 solicitors.
  • If you are supposed to have a share in the Management Company, you should make sure that you hold the original share document. Organising a replacement share certificate can be a time consuming formality and slows down many a Wavertree home move. Where a new share is necessary, you should approach the company officers or managing agents (if applicable) for this as soon as possible.
  • You believe that you know the number of years remaining on your lease but it would be wise to verify this by asking your lawyers. A buyer’s lawyer will not be happy to advise their client to to exchange contracts if the lease term is less than 80 years. In the circumstances it is important at an as soon as possible that you consider whether the lease for your property needs extending. If it does, contact your solicitors before you put your premises on the market for sale.

    • Wavertree Leasehold Conveyancing - A selection of Queries Prior to buying

      Does the lease include onerous restrictions? It is important to be aware if fixing the lift or some other significant cost is anticipated that will be shared between the leaseholders and may well dramatically increase the the maintenance charges or require a specific payment. Are any of leasehold owners in dispute over their service charge payments?

    Other Topics

    Lease Extensions in Wavertree