Why is leasehold purchase conveyancing in Rise Park costs more?

Rise Park leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving appropriate notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.

I have justbecome aware that Action Conveyancing have closed. They carried out my conveyancing in Rise Park for a purchase of a leasehold apartment 10 months ago. How can I establish that the property is not still registered in the name of the former proprietor?

The quickest method to check if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Rise Park conveyancing specialists.

I have been pointed in your direction by a couple of local property agents in Rise Park to select a property lawyer using your seach tool. Is there a financial upside for Estate Agents to recommend your services over and above another?

We don’t give any referral fee for sending work our way. We found it would be just too difficult a fee because members of the public would think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.

I am using a search engine for the words cheap conveyancing in Rise Park it reveals many solicitorslocally. With so much choice what is the best way to find the right property lawyer for my move?

The preferential way of seeking the right conveyancer is through a trusted referral, so seek the guidance of colleagues and family who have acquired a property in Rise Park or the reputable estate agent or mortgage broker. Charges for conveyancing in Rise Park differ, so it's advisable to obtain at least three fee estimates from varying types of conveyancers. Make sure that you clarify that the fees are fixed.

I today plan to offer on a house that seems to meet my requirements, at a great price which is making it all the more appealing. I have subsequently been informed that it's a leasehold as opposed to freehold. I would have thought that there are particular concerns purchasing a leasehold house in Rise Park. Conveyancing advisers have are about to be appointed. Will my lawyers set out the implications of buying a leasehold house in Rise Park ?

The majority of houses in Rise Park are freehold and not leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can help the conveyancing process. it is apparent that you are purchasing in Rise Park so you should seriously consider looking for a Rise Park conveyancing solicitor and check that they have experience in transacting on leasehold houses. As a matter of priority you will need to check the number of years remaining. As a leaseholder you will not be entirely free to do whatever you want to the property. The lease comes with conditions such as obtaining the landlord’spermission to conduct changes to the property. It may be necessary to pay a contribution towards the maintenance of the estate where the house is located on an estate. Your solicitor will advise you fully on all the issues.

Following months of negotiations we are unable to agree with our landlord on how much the lease extension should cost for our flat in Rise Park. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?

if there is a absentee freeholder or where there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the Leasehold Valuation Tribunal to judgment on the premium.

An example of a Lease Extension case for a Rise Park residence is Flat b 14 Kemble Road in May 2014. The Tribunal assessed the value of the premium payable for the lease extension to be £9,761 This case was in relation to 1 flat.