Is there a reason why leasehold purchase conveyancing in Hythe is more expensive?

The conveyancing fees for a leasehold premises in Hythe is often greater than on a freehold transaction. This is because there is an amount of additional time required in liaising with the landlord and management company to collate the information concerning whether the rent and service fee have been paid and whether there are any major works due in the near future on repairs or maintenance of the building.

We are selling our house in Hythe. Will my conveyancing practitioner have to be on the TSB conveyancing panel in order to deal with the discharge of my mortgage?

Ordinarily, even if your lawyer is not on the TSB conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently currently.

Are there restrictive covenants that are commonly picked up during conveyancing in Hythe?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Hythe. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

I own a leasehold house in Hythe. Conveyancing and Godiva Mortgages Ltd mortgage went though with no issue. I have received a letter from someone claiming to own the freehold. It included a demand for arrears of ground rent dating back to 1992. The conveyancing practitioner in Hythe who previously acted has long since retired. What should I do?

First make enquiries of the Land Registry to make sure that the individual purporting to own the freehold is indeed the new freeholder. There is no need to incur the fees of a Hythe conveyancing lawyer to do this as it can be done on-line for £3. Rest assured that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.

Hythe Leasehold Conveyancing - Examples of Queries before Purchasing

It would be prudent to find out as much as you can about the company managing the building as they will affect your use and enjoyment of the property. Being a leasehold owner you are frequently at the mercy of the managing agents from a financial perspective and when it comes to every day issues like the tidiness of the common parts. Ask other people if they are happy with them. Finally, find out the dates that you are obliged pay the service charge to the managing agents and precisely what it includes. The best form of lease arrangement is a share of the freehold. In this arrangement the tenants enjoy control and even though a managing agent is frequently retained where the building is bigger than a house conversion, the managing agent is directed by the tenants. If a Hythe lease has no more than eighty years it will have adverse implications on the marketability of the apartment. Check with your lender that they are willing to lend given the lease term. A short lease means that you will probably require a lease extension at some point and it is worth finding out how much this would cost. For most Hythelease extensions you will need to own the property for a couple of years before you are legally able to extend the lease.

My fiance is purchasing a ground floor flat in Hythe. He was given a quote by the solicitor suggested by the estate agents and it came to £1385 . It was ten years ago since I sold and purchased a property and it cost was £495. Have charges really escalated to that extent?

What does the conveyancing estimate include? Is it just for the legal fees, or what you will be paying in total (for instance Hythe searches, land registry fees, etc)