Recently asked questions relating to Widnes leasehold conveyancing
I am on look out for some leasehold conveyancing in Widnes. Before I get started I would like to find out the unexpired term of the lease.
If the lease is registered - and most are in Widnes - 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.
Due to sign contracts shortly on a leasehold property in Widnes. Conveyancing lawyers assured me that they report fully on Monday. What should I be looking out for?
Your report on title for your leasehold conveyancing in Widnes should include some of the following:
- You should be sent a copy of the lease
I am a negotiator for a busy estate agent office in Widnes where we have experienced a few leasehold sales put at risk due to short leases. I have received inconsistent advice from local Widnes conveyancing firms. Please can you shed some light as to whether the seller of a flat can start the lease extension formalities for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer can avoid having to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Can you offer any advice when it comes to appointing a Widnes conveyancing firm to carry out our lease extension conveyancing?
When appointing a property lawyer for your lease extension (regardless if they are a Widnes conveyancing firm) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We advise that you talk with two or three firms including non Widnes 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:
- What volume of lease extensions have they carried out in Widnes in the last twenty four months?
Completion in due on the disposal of our £350000 maisonette in Widnes in just under a week. The management company has quoted £324 for Certificate of Compliance, building insurance schedule and 3 years service charge statements. Is the landlord entitled to charge such fees for a leasehold conveyance in Widnes?
Widnes conveyancing on leasehold apartments usually necessitates the buyer’s lawyer sending questions for the landlord to address. Although the landlord is not legally bound to respond to such questions the majority will be content to assist. They are at liberty invoice a reasonable charge for responding to enquiries or supplying documentation. There is no set fee. The average fee for the paperwork that you are referring to is £350, in some cases it is in excess of £800. The management information fee invoiced by the landlord must be accompanied by a synopsis of entitlements and obligations in relation to administration charges, without which the invoice is not strictly payable. In reality you have no choice but to pay whatever is demanded should you wish to complete the sale of your home.
Widnes Conveyancing for Leasehold Flats - A selection of Queries Prior to Purchasing
Is anyone aware of any major works in the planning that could increase the maintenance fees?
How many of the leaseholders are in arrears for their maintenance charge payments?
Many Widnes leasehold flats will incur a service charge for the upkeep of the block set on behalf of the freeholder. Should you purchase the property you will have to meet this contribution, usually quarterly throughout the year. This can differ from several hundred pounds to thousands of pounds for blocks with lifts and large common grounds. There will also be a rentcharge to be met annual, normally this is not a exorbitant sum, say around £50-£100 but you should to enquire it because occasionally it could be many hundreds of pounds.