Increase in Post-Leasehold Conveyancing Work

Once a buyer has completed the conveyancing of a leasehold property, there are still a number of circumstances where the leaseholder may well require the assistance of conveyancing expertise, following completion.

 

Leasehold Conveyancers, in particular have received a number of requests for advice concerning post-completion matters including the following conveyancing areas:

1. Lease extensions.
2. Leasehold enfranchisement.
3. Licence for Alterations.
4. Deeds of Variation
5. Service health checks.

So why is post-leasehold conveyancing on the increase?

It appears that many leaseholder owners come into two categories:

(a) The Seller who is very keen to sell and has been informed by their estate agent of need to address a leasehold problem. An example might be where the agent advises the seller of a need for a Licence for Alterations or a lease extension if the seller does not want to have a problem selling.

(b) Those leasehold sellers that are waiting for the property market to stabilise but in the meantime want to add value to their property by way of a lease extension and Deed of Variation or purchasing the freehold.

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