Can you explain why leasehold purchase conveyancing in Louth costs more?

In short, leasehold conveyancing in Louth and elsewhere usually involve more hours of investigation compared to freehold conveyancing. This includes lease investigation, communicating with the landlord about serving appropriate notices, procuring up-to-date service charge and management information, procuring the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first granted.

About to purchase a new build flat in Louth. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

Here are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Louth

Please confirm the Lease plans are architect prepared. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.

I have been sourcing a conveyancing practitioner in Louth for my house move. Can I check a solicitor's complaints history with the legal regulator?

You may review documented Solicitor Regulator Association (SRA) determinations resulting from investigations from 2008 onwards. Visit Check a solicitor's record. To find information Pre 2008, or to check a solicitors history, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, call +44 (0)121 329 6800. The regulator sometimes recorded telephone calls for training reasons.

I have just appointed agents to market my basement apartment in Louth. Conveyancing is yet to be initiated, but I have just received a quarterly maintenance charge demand – should I leave it to the buyer to sort out?

The sensible thing to do is pay the invoice as usual as all ground rent and service charges will be allotted 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.

I bought a garden flat in Louth, conveyancing having been completed half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Louth with a long lease are worth £201,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease ends on 21st October 2090

With 64 years unexpired the likely cost is going to range between £15,200 and £17,600 plus costs.

The figure above a general guide to costs for renewing a lease, but we are not able to provide the actual costs in the absence of detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.

Me and my wife accepted an offer on a Louth ground floor flat left to us 8 years ago in 2009. I have over 15 years conveyancing experience and, although retired, wish to undertake my own conveyancing. The purchaser's solicitor has informed me that their mortgage company will not allow us to do our own conveyancing requiring the funds to be sent to a solicitor's bank account.

Lending requirements to lawyers from all mainstream lenders specify that If the seller does not have legal representation the purchaser’s lawyers should check whether the bank needs to be notified so that a decision can be reached as to whether or not they are willing to move forward.