Having had my offer accepted I require leasehold conveyancing in Wolverton. Before diving in I would like to find out the number of years remaining on the lease.

Assuming the lease is registered - and most are in Wolverton - 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.

My partner and I may need to rent out our Wolverton ground floor flat temporarily due to a new job. We used a Wolverton conveyancing practice in 2001 but they have closed and we did not think at the time get any advice as to whether the lease prohibits the subletting of the flat. How do we find out?

Some leases for properties in Wolverton do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord is not entitled to unreasonably withhold but, in such cases, they would need to see references. Experience dictates that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting permission.

Due to sign contracts shortly on a ground floor flat in Wolverton. Conveyancing solicitors assured me that they will have a report out to me tomorrow. What should I be looking out for?

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

• How long the lease is You should be advised as what happens when the lease ends, and informed of the importance of the 80 year mark

I am hoping to put an offer on a small detached house that appears to be perfect, at a reasonable price which is making it more attractive. I have subsequently found out that it's a leasehold as opposed to freehold. I would have thought that there are issues buying a house with a leasehold title in Wolverton. Conveyancing lawyers have not yet been appointed. Will they explain the issues?

The majority of houses in Wolverton are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area can help the conveyancing process. We note that you are buying in Wolverton in which case you should be looking for a Wolverton conveyancing solicitor and check that they are used to transacting on leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a tenant you will not be at liberty to do whatever you want to the property. The lease will likely included provisions such as obtaining the freeholder’sconsent to conduct changes to the property. It may be necessary to pay a contribution towards the upkeep of the estate where the property is located on an estate. Your lawyer will advise you fully on all the issues.

I am tempted by the attractive purchase price for a two maisonettes in Wolverton which have about forty five years unexpired on the lease term. should I be concerned?

A lease is a right to use the property for a period of time. As a lease shortens the marketability of the lease deteriorate and it becomes more costly to extend the lease. This is why it is advisable to extend the lease term. It is often difficult to sell a property with a short lease as mortgage companies may be unwilling to lend money on properties of this type. Lease extension can be a difficult process. We advise that you seek professional assistance from a conveyancer and surveyor with experience in this field

Leasehold Conveyancing in Wolverton - A selection of Questions you should consider Prior to buying

The answer will be useful as a) areas may result in problems in the block as the common areas may start to deteriorate if services remain unpaid b) if the leaseholders have an issue with the managing agents you will want to have complete disclosure What is the service charge and ground rent on the apartment? It is important to be aware if redecorating or some other major work is anticipated that will be shared by the leaseholders and will materially impact the level of the service charges or require a specific payment.

Other Topics

Lease Extensions in Wolverton