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The Law Society - Conveyancing

02

Dec

2019

LPE1 – A Key Letter to Speed-up the Leasehold Sale Process

The LPE1 is a standard form which Landlords or managing agents will complete when a leasehold property is sold – including vital information for a prospective buyer such as: contact details for Landlord and managing agents, who accepts service of notice of assignment and the fee, who collects the ground rents and service charge

The Conveyancing Association has released a template for practitioners to use in an attempt to obtain all required information in just 15 days which will hopefully speed up the conveyancing process. The template letter includes requests that:

  • The LPE1 in its standard format is used
  • All questions are answered in full rather than by references to other documents
  • If the management company intends to charge a fee to complete the form, the amount is notified immediately; and
  • The information is provided within 15 days

The letter also reminds those completing the form of the government’s intention to limit the fees for providing such information to £200.

If you are a Landlord or Managing Agent and require advice to complete the LPE1 or you are thinking of moving and require advise please contact either Judith Bleetman or Nikki Salih at our East Barnet office on 020 8441 1556

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Coronavirus Update

Due to the current concerns in relation to the Coronavirus, we must take into consideration the health, safety and well-being of our staff, colleagues and clients. We have therefore put steps in place to protect everyone so far as we possibly can.

Accordingly, please note that our physical offices will be temporarily closed to visitors until further notice unless by arrangement in limited circumstances. Our telephone lines remain open, but with reduced capacity, but any voicemails will be picked up daily.

We shall be working remotely wherever this is possible and we will have access to our emails which is currently the best form of communication. Please also note the following:

If you have any questions please direct these to your solicitor in the first instance or email law@pwjsolicitors.co.uk

Thank you for your on-going support in these difficult and unprecedented times.