Fixed-fee leasehold conveyancing in Woburn Sands:

When it comes to leasehold conveyancing in Woburn Sands, you will need to chose a conveyancing lawyer with leasehold experience. Whether your mortgage company is to be Halifax, Yorkshire Building Society or NatWest make sure you find a lawyer on their panel. Feel free to use our search tool

Woburn Sands leasehold conveyancing Example Support Desk Enquiries

Having had my offer accepted I require leasehold conveyancing in Woburn Sands. Before I set the wheels in motion I require certainty as to the unexpired term of the lease.

If the lease is registered - and 99.9% are in Woburn Sands - then the leasehold title will always include the basic details 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.

Looking forward to sign contracts shortly on a ground floor flat in Woburn Sands. Conveyancing solicitors assured me that they report fully tomorrow. Are there areas in the report that I should be focusing on?

The report on title for your leasehold conveyancing in Woburn Sands should include some of the following:

  • The total extent of the premises. This will be the flat itself but may include a loft or basement if applicable.
  • Does the lease require carpeting throughout thus preventing wood flooring?
  • Whether your lease has a provision for a sinking fund?
  • Repair and maintenance of the flat
  • 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.
  • Responsibility for repairing the window frames
  • 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 Woburn Sands please ask your conveyancer in advance of your conveyancing in Woburn Sands

  • Estate agents have just been given the go-ahead to market my basement apartment in Woburn Sands.Conveyancing is yet to be initiated but I have just received a half-yearly service charge demand – Do I pay up?

    It best that you clear the invoice as normal because all ground rent and service charges will be apportioned on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.

    Can you provide any advice for leasehold conveyancing in Woburn Sands from the perspective of speeding up the sale process?

    • A significant proportion of the delay in leasehold conveyancing in Woburn Sands can be reduced if you instruct lawyers as soon as you market your property and ask them to collate the leasehold information needed by the buyers lawyers.
    • Many freeholders or managing agents in Woburn Sands levy fees for providing management packs for a leasehold premises. You or your lawyers should enquire as to the fee that they propose to charge. The management information sought as soon as you have a buyer, thus reducing delays. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most frequent reason for frustration in leasehold conveyancing in Woburn Sands.
  • Some Woburn Sands leases require Licence to Assign from the landlord. If this applies to your lease, you should place the estate agents on notice to make sure that the purchasers obtain financial (bank) and professional references. The bank reference will need to confirm that the buyers are 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 purchasers or their solicitors.
  • If you have had any disputes with your landlord or managing agents it is essential that these are settled before the property is put on the market. The purchasers and their solicitors will be concerned about purchasing a flat where there is a current dispute. You may need to swallow your pride 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 details of the dispute to the buyers, but it is better to reveal the dispute as over rather than unresolved.
  • If you are supposed to have a share in the Management Company, you should ensure that you have the original share certificate. Arranging a re-issued share certificate is often a lengthy formality and frustrates many a Woburn Sands home move. If a new share certificate is needed, you should approach the company officers or managing agents (where applicable) for this sooner rather than later.

  • What makes a Woburn Sands lease defective?

    Leasehold conveyancing in Woburn Sands is not unique. Most leases are individual and legal mistakes in the legal wording can result in certain clauses are erroneous. The following missing provisions could result in a defective lease:

    • A provision to repair to or maintain elements of the premises
    • Insurance obligations
    • A provision for the recovery of money spent for the benefit of another party.
    • Service charge per centages that don't add up correctly leaving a shortfall

    You could have difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Yorkshire Building Society, Virgin Money, and Godiva Mortgages Ltd all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to grant the mortgage, forcing the purchaser to withdraw.

    Woburn Sands Conveyancing for Leasehold Flats - Examples of Questions you should ask before Purchasing

      It is important to be aware whether changing the roof or some other significant cost is anticipated to be shared by the leaseholders and will dramatically increase the the maintenance fees or result in a one time invoice. Is anyone aware of any major works in the near future that will likely add a premium to the service fees? Is there a share of the freehold?

    Other Topics

    Lease Extensions in Woburn Sands