I purchased a freehold house in Bitterne but still pay rent, why is this and what is this?
It is rare for properties in Bitterne and has limited impact for conveyancing in Bitterne but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the creation of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
My bid for a property was accepted at auction in Bitterne. Conveyancing is necessary. What is next?
Now that you are for in every practical sense signed on the dotted line you now have to find a conveyancing practitioner quickly as you will have a fast approaching a fixed date to complete the conveyancing. An auction property will have a corresponding auction set of papers. This will likely include most,if not all of the documents that your lawyer will need. Where you are dealing with leasehold property the legal papers may contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation relating to leasehold premises. You should give this to your appointed conveyancing solicitor at the earliest opportunity. You also need to ensure that your finances are in place to complete on the date specified in the contract.
We are planning to move house in July. Should my conveyancing solicitor update the removal company on the completion day. On a separate note, can you suggest a removal company in Bitterne. Conveyancing solicitor was organised prior to coming across this site.
On the afternoon of completion you can collect the keys from the estate agent but this should only occur when the previous owners conveyancers confirm to the agent that they acknowledge receipt of the completion payment and the keys can be released. You can advise the removal men that they can start moving you in. As a matter of policy we do not suggest a specific removal organisation but can help you choose a conveyancing in Bitterne or a legal practice that specialises in conveyancing in Bitterne.
Our sealed bid on a semi in Bitterne has been accepted, but there is a chain. The sellers have offered on on an apartment, but it’s not been accepted yet, and are looking at other flats in the pipeline. I have instructed a nearby conveyancing solicitor in Bitterne. What do I do now? When do I get the mortgage application with Santander going?
It is understandable to have apprehensions where there is a chain as you are unlikely to want to incur costs prematurely (mortgage application is approx one thousand pounds, then valuation, Bitterne conveyancing search fees, etc). The first thing to do is ensure that your conveyancing practitioner is on the Santander conveyancing panel. Concerning the next stages this very much dictated by the specifics of your case, motivation for the property and on the state of the market. During a buoyant market many buyers would apply for the mortgage with Santander and pay for the valuation and only if it comes back ok would they request their solicitor to move forward with searches.
I am downsizing from my property. My past conveyancers closed down. I am in need of a recommendation of a conveyancing firm. I happen to live in Bitterne if that makes a difference.
You should use our search tool to help you choose a solicitor for your conveyancing in Bitterne. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
I need to instruct a conveyancing lawyer in Bitterne for my house move. Can I review a firm’s complaints history with the profession’s regulator?
One may read published Solicitor Regulator Association (SRA) determinations arising from investigations from 2008 onwards. Go to Check a solicitor's record. To find records about the period before 1 January 2008, or to check a firm's history, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, call +44 (0)121 329 6800. The regulator could monitor call for training requirements.
I've found a house that seems to be perfect, at a great price which is making it all the more appealing. I have since discovered that the title is leasehold rather than freehold. I am assuming that there are particular concerns purchasing a house with a leasehold title in Bitterne. Conveyancing solicitors have are soon to be appointed. Will they explain the issues?
Most houses in Bitterne are freehold rather than leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can assist with the conveyancing process. it is apparent that you are purchasing in Bitterne so you should seriously consider looking for a Bitterne conveyancing practitioner and check that they are used to dealing with leasehold houses. First you will need to check the number of years remaining. As a leaseholder you will not be entirely free to do whatever you want with the house. The lease comes with conditions such as obtaining the landlord’sconsent to carry out changes to the property. It may be necessary to pay a service charge towards the maintenance of the estate where the property is located on an estate. Your solicitor will report to you on the legal implications.
I inherited a 2 bed flat in Bitterne, conveyancing was carried out 6 years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding properties in Bitterne with an extended lease are worth £211,000. The average or mid-range amount of ground rent is £45 yearly. The lease comes to an end on 21st October 2093
You have 68 years remaining on your lease the likely cost is going to range between £9,500 and £11,000 plus 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 renewing a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.
It's been quite a while since I've bought a house. A quick search suggests that the charges vary considerably. Is it possible for you to recommend a good Bitterne property lawyer that can act for me as well as represent Nottingham?
LenderPanel.com is limited to being a directory service for property lawyers who want to be listed as being on the approved conveyancing panel for Nottingham in certain areas for example Bitterne . We dont recommend any particular lawyer.