Fixed-fee leasehold conveyancing in Wimborne:

Get a Quote

Whether you are buying or selling leasehold flat in Wimborne, our panel of leasehold conveyancing experts will help you move with as little stress as possible. Find a Wimborne conveyancing lawyer with our search tool

Wimborne leasehold conveyancing: Q and A’s

I am hoping to complete next month on a studio apartment in Wimborne. Conveyancing solicitors assured me that they are sending me a report tomorrow. What should I be looking out for?

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

  • The unexpired lease term You should be advised as what happens when the lease ends, and aware of the importance of the 80 year mark
  • The physical extent of the premises. This will be the apartment itself but might incorporate a loft or basement if applicable.
  • Defining your legal entitlements in respect of common areas in the building.For instance, does the lease permit a right of way over an accessway or staircase?
  • Does the lease require carpeting throughout thus preventing wood flooring?
  • Are you allowed to have a pet in the flat?
  • You should have a good understanding of the insurance provisions
  • What you can do if a neighbour breach a clause of their lease? For a comprehensive list of information to be included in your report on your leasehold property in Wimborne please ask your conveyancer in advance of your conveyancing in Wimborne

    • I today plan to offer on a house that appears to meet my requirements, at a great figure which is making it more attractive. I have subsequently found out that the title is leasehold as opposed to freehold. I am assuming that there are particular concerns buying a leasehold house in Wimborne. Conveyancing advisers have are soon to be appointed. Will my lawyers set out the implications of buying a leasehold house in Wimborne ?

    The majority of houses in Wimborne are freehold rather than leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can help the conveyancing process. It is clear that you are purchasing in Wimborne so you should seriously consider looking for a Wimborne conveyancing practitioner and be sure that they are used to advising on leasehold houses. First you will need to check the unexpired lease term. Being a tenant you will not be at liberty to do whatever you want with the house. The lease will likely included provisions for example obtaining the landlord’spermission to conduct changes to the property. You may also be required to pay a contribution towards the upkeep of the estate where the property is located on an estate. Your lawyer will report to you on the legal implications.

    Back In 2007, I bought a leasehold flat in Wimborne. Conveyancing and HSBC Bank mortgage are in place. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1997. The conveyancing solicitor in Wimborne who previously acted has now retired.What should I do?

    The first thing you should do is contact HMLR to be sure that the individual purporting to own the freehold is indeed the new freeholder. You do not need to instruct a Wimborne conveyancing firm 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.

    What advice can you give us when it comes to finding a Wimborne conveyancing practice to deal with our lease extension?

    If you are instructing a conveyancer for your lease extension (regardless if they are a Wimborne conveyancing practice) it is most important that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you talk with several firms including non Wimborne conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. Some following of questions could be of use:

    • What volume of lease extensions has the firm carried out in Wimborne in the last 12 months?
  • What are the costs for lease extension conveyancing?

    • Can you provide any top tips for leasehold conveyancing in Wimborne from the perspective of speeding up the sale process?

    • A significant proportion of the frustration in leasehold conveyancing in Wimborne can be bypassed if you instruct lawyers the minute you market your property and request that they start to collate the leasehold information needed by the buyers lawyers.
    • The majority landlords or managing agents in Wimborne levy fees for supplying management packs for a leasehold premises. You or your lawyers should find out the actual amount of the charges. The management information sought as soon as you have a buyer, thus reducing delays. The average time it takes to obtain the necessary information is three weeks. It is the most common reason for frustration in leasehold conveyancing in Wimborne.
  • If you have carried out any alterations to the property would they have required Landlord’s approval? Have you, for example laid down wooden flooring? Most leases in Wimborne state that internal structural changes or laying down wooden flooring require a licence issued by the Landlord acquiescing to such changes. Should you fail to have the paperwork to hand do not communicate with the landlord without checking with your conveyancer in advance.
  • If you have had any disputes with your freeholder or managing agents it is very important that these are settled before the property is marketed. The buyers and their solicitors will be reluctant to purchase a flat where there is an ongoing dispute. You may need to swallow your pride and pay any arrears of service charge or resolve 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 particulars of the dispute to the purchasers, but it is better to reveal the dispute as historic as opposed to ongoing.
  • If you hold a share in a the freehold, you should ensure that you hold the original share certificate. Arranging a new share certificate is often a time consuming formality and delays many a Wimborne home move. Where a reissued share certificate is needed, you should approach the company officers or managing agents (where applicable) for this as soon as possible.

    • I invested in buying a split level flat in Wimborne, conveyancing formalities finalised in 2010. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Wimborne with an extended lease are worth £178,000. The average or mid-range amount of ground rent is £55 per annum. The lease comes to an end on 21st October 2083

    With just 58 years left to run the likely cost is going to span between £21,900 and £25,200 as well as professional fees.

    The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.

    Other Topics

    Lease Extensions in Wimborne