Can you explain why leasehold purchase conveyancing in Rainham Kent is more expensive?

In short, leasehold conveyancing in Rainham Kent and elsewhere usually warrants extra due diligence compared to freehold transactions. This includes lease investigation, liaising with the landlord concerning the service of applicable notices, obtaining current service charge and management information, securing 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 – no matter how many different proprietor have owned the lease since it was first granted.

My uncle passed away 10 months ago and as sole heir and executor I was left the property in Rainham Kent. The house had a small mortgage remaining of approximately £4500. I want to have the title changed into my name whilst I re-mortgage to Skipton, pay off the mortgage. Is this possible?

If you intend to re-mortgage then Skipton will insist on your using a conveyancer on the Skipton conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Skipton conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Skipton mortgage is registered as a charge at the Land Registry.

Will our conveyancer be asking questions regarding flooding as part of the conveyancing in Rainham Kent.

Flooding is a growing risk for solicitors carrying out conveyancing in Rainham Kent. There are those who acquire a property in Rainham Kent, completely expectant that at some time, it may be flooded. However, leaving to one side the physical destruction, where a house is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or sell the property. There are steps that can be taken during the course of a property purchase to forewarn the purchaser.

Conveyancers are not best placed to give advice on flood risk, however there are a various searches that may be undertaken by the purchaser or on a buyer’s behalf which will give them a better appreciation of the risks in Rainham Kent. The standard property information forms sent to a buyer’s conveyancer (where the Conveyancing Protocol is adopted) includes a standard question of the vendor to find out whether the premises has suffered from flooding. If flooding has previously occurred and is not revealed by the seller, then a purchaser may bring a legal claim for losses stemming from an incorrect reply. The buyer’s solicitors should also order an environmental search. This should indicate if there is a recorded flood risk. If so, more detailed inquiries should be initiated.

Due to the advice of my in-laws I had a survey completed on a property in Rainham Kent prior to instructing solicitors. I have been informed that there is a flying freehold overhang to the property. The surveyor has said that some banks will refuse to give a loan on such a house.

It depends who your proposed lender is. Santander has different requirements for example to Nationwide. Should you wish to telephone us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Rainham Kent. Conveyancing will be smoother if you use a solicitor in Rainham Kent especially if they regularly deal with such properties in Rainham Kent.

My wife and I purchased a leasehold flat in Rainham Kent. Conveyancing and The Mortgage Works mortgage went though with no issue. I have received a letter from someone saying they have taken over the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1998. The conveyancing practitioner in Rainham Kent who previously acted has now retired. Do I pay?

The first thing you should do is make enquiries of the Land Registry to make sure that the individual purporting to own the freehold is in fact the new freeholder. It is not necessary to incur the fees of a Rainham Kent conveyancing solicitor to do this as you can do this on the Land Registry website for a few pound. Rest assured that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

Rainham Kent Leasehold Conveyancing - A selection of Queries before buying

Be sure to enquire if there is anything that is prohibited in the lease. For instance it is reasonably common in Rainham Kent leases that pets are not permitted in in a block in Rainham Kent. If you like the flatin Rainham Kent yet your cat is not allowed to live with you then you will be faced hard compromise. The best form of lease structure is if the freehold reversion is owned by the leaseholders. In this scenario the tenants have being in charge if their destiny and although a managing agent is frequently retained if the building is larger than a house conversion, the managing agent employed by the leaseholders. How much is the ground rent and service charge?