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

Knowle 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.

My aunt passed away last year and as sole heir and executor I was left the house in Knowle. The house had a relatively small loan remaining of approximately £4500. I want to transfer the title deeds into my name whilst I re-mortgage to , pay off the mortgage. Is this possible?

Where you intend to refinance then will require that you use a conveyancer on the 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 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 mortgage is registered as a charge at the Land Registry.

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

Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Knowle. 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 am the registered owner of a leasehold flat in Knowle, conveyancing was carried out in 1995. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Knowle with over 90 years remaining are worth £165,000. The ground rent is £45 levied per year. The lease terminates on 21st October 50

With only 50 years left to run we estimate the price of your lease extension to be between £36,100 and £41,800 as well as plus your own and the landlord's "reasonable" professional fees.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.

I am purchasing a garden apartment in Knowle. Conveyancing solicitor has been waiting for, from the seller, building insurance paperwork. Earlier today I was informed that the vendor must send the insurance documents for the flat above as well. Why would my need to see the insurance for the flat above? Is it strictly required? We have been in hold for the last 2 weeks…

It is not unheard of in leasehold conveyancing in Knowle to find Conveyancing in Knowle in a minority of cases reveals that the lease obliges the tenant's to insure their individual flats as opposed to the freeholder insuring the whole block - which is definitely preferable. You should clarify with your but it would seem that your is looking to verify that the whole building is insured. Insuring a ground floor apartment is no help when it comes to rebuilding after a fire if the 1st floor cannot be reconstructed due to lack of insurance.