Fixed-fee leasehold conveyancing in Woolacombe:

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Any conveyancing practice can theoretically deal with your leasehold conveyancing in Woolacombe, your mortgage provider may unwilling to work with them if the firm are not on their list of approved solicitors for conveyancing

Recently asked questions relating to Woolacombe leasehold conveyancing

I am in need of some leasehold conveyancing in Woolacombe. Before I get started I want to be sure as to the number of years remaining on the lease.

Assuming the lease is registered - and 99.9% are in Woolacombe - 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.

Having checked my lease I have discovered that there are only 62 years left on my flat in Woolacombe. I need to get lease extension but my freeholder is missing. What are my options?

If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the magistrate. You will be obliged to demonstrate that you or your lawyers have made all reasonable attempts to locate the freeholder. On the whole a specialist should be useful to try and locate and to produce a report which can be used as evidence that the freeholder is indeed missing. It is wise to seek advice from a solicitor both on investigating the landlord’s disappearance and the vesting order request to the County Court overseeing Woolacombe.

I’m about to sell my ground floor flat in Woolacombe.Conveyancing has not commenced but I have just received a yearly maintenance charge invoice – what should I do?

Your conveyancing lawyer is likely to suggest that you should pay the service charge 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 managing agents will not acknowledge the buyer until 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. Having a clear account will assist your cause and will leave you no worse off financially.

What are your top tips when it comes to finding a Woolacombe conveyancing practice to carry out our lease extension conveyancing?

If you are instructing a property lawyer for lease extension works (regardless if they are a Woolacombe conveyancing practice) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We suggested that you speak with two or three firms including non Woolacombe conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. Some following of questions might be helpful:

  • How familiar is the firm with lease extension legislation?
  • How many lease extensions has the firm completed in Woolacombe in the last 12 months?

    • Do you have any advice for leasehold conveyancing in Woolacombe with the aim of expediting the sale process?

    • A significant proportion of the delay in leasehold conveyancing in Woolacombe can be reduced if you instruct lawyers the minute you market your property and ask them to collate the leasehold information needed by the buyers lawyers.
    • The majority landlords or Management Companies in Woolacombe charge for providing management packs for a leasehold homes. You or your lawyers should enquire as to the fee that they propose to charge. The management pack can be applied for as soon as you have a buyer, thus accelerating the process. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most usual cause of delay in leasehold conveyancing in Woolacombe.
  • If you have carried out any alterations to the property would they have required Landlord’s permission? In particular have you laid down wooden flooring? Most leases in Woolacombe state that internal structural alterations or laying down wooden flooring necessitate a licence from the Landlord acquiescing to such works. Where you dont have the approvals to hand you should not contact the landlord without contacting your solicitor before hand.
  • Some Woolacombe 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 obtain financial (bank) and professional references. The bank reference should make it clear that the buyer is able to meet 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 service charge figures so that they can pass this information on to the buyers or their lawyers.
  • You believe that you know the number of years remaining on your lease but you should double-check via your solicitors. A purchaser's conveyancer will not be happy to advise their client to to exchange contracts if the lease term is less than 75 years. In the circumstances it is essential at an as soon as possible that you consider whether the lease term requires a lease extension. If it does, contact your solicitors before you put your home on the market for sale.

    • Woolacombe Conveyancing for Leasehold Flats - A selection of Queries Prior to Purchasing

      The prefered form of lease structure is where the freehold title is in the ownership of the leaseholders. In this scenario the lessees enjoy control and even though a managing agent is usually retained if the building is bigger than a house conversion, the managing agent retained by the leaseholders. This information is helpful as a) areas may cause problems in the building as the communal areas may begin to deteriorate where repairs remain unpaid b) if the tenants have an issue with the running of the building you will want to know about it Make sure you investigate if the the lease includes any unreasonable restrictions in the lease. For instance plenty of leases prohibit pets being permitted in in a block in Woolacombe. If you love the apartmentin Woolacombe however your cat is not allowed to live with you then you have a very hard determination.

    Other Topics

    Lease Extensions in Woolacombe