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When it comes to leasehold conveyancing in Congleton, you will need to appoint a conveyancing practitioner with leasehold experience. Whether your lender is to be Clydesdale , Birmingham Midshires or Bradford & Bingley be sure to find a lawyer on their panel. Feel free to use our search tool

Sample questions relating to Congleton leasehold conveyancing

I am in need of some leasehold conveyancing in Congleton. Before I get started I would like to find out the number of years remaining on the lease.

Assuming the lease is registered - and almost all are in Congleton - 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.

I have just appointed agents to market my basement apartment in Congleton.Conveyancing solicitors are to be appointed soon but I have just had a quarterly maintenance charge demand – what should I do?

Your conveyancing lawyer is likely to suggest that you should discharge 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 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. Having a clear account will assist your cause and will leave you no worse off financially.

Can you offer any advice when it comes to finding a Congleton conveyancing practice to deal with our lease extension?

If you are instructing a solicitor for your lease extension (regardless if they are a Congleton conveyancing practice) it is essential that he or she should be familiar with the legislation and specialises in this area of work. We recommend that you make enquires with several firms including non Congleton conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. Some following of questions could be useful:

  • If they are not ALEP accredited then why not?
  • What are the charges for lease extension work?

    • Do you have any top tips for leasehold conveyancing in Congleton with the purpose of expediting the sale process?

    • A significant proportion of the delay in leasehold conveyancing in Congleton can be reduced where you get in touch lawyers as soon as you market your property and request that they start to collate the leasehold information needed by the buyers representatives.
    • Many freeholders or Management Companies in Congleton 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 pack sought on or before finding a buyer, thus accelerating the process. The typical amount of time it takes to receive management information is three weeks. It is the most common cause of frustration in leasehold conveyancing in Congleton.
  • In the event that you altered the property did you need the Landlord’s permission? In particular have you laid down wooden flooring? Most leases in Congleton state that internal structural alterations or installing wooden flooring calls for a licence issued by the Landlord consenting to such changes. Should you fail to have the consents to hand you should not contact the landlord without checking with your lawyer in the first instance.
  • A minority of Congleton 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 bank and professional references. Any 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 actual amount of the service charge so that they can pass this information on to the purchasers or their lawyers.
  • If you are supposed to have a share in the freehold, you should ensure that you have the original share document. Arranging a new share certificate can be a lengthy process and delays many a Congleton conveyancing transaction. Where a duplicate share is needed, do contact the company director and secretary or managing agents (if applicable) for this sooner rather than later.

    • In relation to leasehold conveyancing in Congleton what are the most common lease defects?

    Leasehold conveyancing in Congleton is not unique. All leases is drafted differently and drafting errors can result in certain sections are erroneous. For example, if your lease is missing any of the following, it could be defective:

    • Repairing obligations to or maintain elements of the building
    • A duty to insure the building
    • A provision for the recovery of money spent for the benefit of another party.
    • Maintenance charge proportions which don’t add up to the correct percentage

    You will have a problem when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Accord Mortgages Ltd, Bank of Scotland, and Godiva Mortgages Ltd all have express requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is defective they may refuse to grant the mortgage, forcing the purchaser to withdraw.

    Leasehold Conveyancing in Congleton - Sample of Questions you should ask Prior to buying

      Are any of leasehold owners in arrears of their service charge payments? The majority of Congleton leasehold flats will have a service charge for maintenance of the building set on behalf of the freeholder. If you purchase the apartment you will have to pay this contribution, normally in instalments accross the year. This can be anything from a few hundred pounds to thousands of pounds for blocks with lifts and large communal areas. In all probability there will be a rentcharge to be met annual, normally this is not a significant amount, say about £25-£75 but you should to check it because sometimes it could be surprisingly expensive. What is the name of the managing agents?

    Other Topics

    Lease Extensions in Congleton