I am expecting a mortgage with Halifax. I would like to retain the legal services of a Licensed Conveyancer in Bosham. Does the Halifax Conveyancing panel allow for conveyancers regulated by the CLC?
The Halifax conveyancing panel is, like many other lenders, represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
I sincerely hope you can help me. My Bosham lawyer is advising me that he is legally obliged toconduct Bosham conveyancing searches asthe firm are on the Santanderapproved lawyer panel. These Bosham checks cost a lot of money can this be avoided?
You have limited options available to you. Given that you are taking out a loan with a mortgage company your conveyancer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your conveyancer would have previously signed the Terms and Conditions of your lender’s conveyancing panel appointment which obliges them to comply with the Council of Mortgage Lenders’ Handbook specifications . Even if you were a cash buyer you would be ill advised not to carry out Bosham conveyancing searches.
I am the registered owner of a freehold residence in Bosham but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Bosham and has limited impact for conveyancing in Bosham 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 date back many centuries, but the Rent Charge Act 1977 barred the creation of fresh rentcharges post 1977.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
I decided to have a survey done on a property in Bosham prior to instructing solicitors. I have been advised that there is a flying freehold aspect to the property. The surveyor has said that some lenders will refuse to issue a mortgage on a flying freehold premises.
It depends who your proposed lender is. HSBC has different requirements from Halifax. Should you wish to call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Bosham. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Bosham to see if the conveyancing costs will increase in light of this.
My business partner and I are intending to take an assignment of a lease of a shop on a shopping parade. Can you recommend solicitors offering competitive fees for commercial conveyancing in Bosham for below 1500k?
We are happy to recommend firms who have specialist knowledge of commercial conveyancing in Bosham, including the sale and acquisition of businesses as well as simply property. Whether you are hoping to buy or sell a shop, pub, restaurant, office, retail unit or a complete business we can put you in touch with the right firm. As for the fees this will depend on the structure and nuances of the proposed transaction. Please provide us with your details or email so as to enable us to supply you with a detailed commercial conveyancing calculation.
I want to sublet my leasehold flat in Bosham. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for permission?
The lease dictates relations between the freeholder and you the leaseholder; specifically, it will indicate if subletting is not allowed, or permitted but only subject to certain conditions. The rule is that if the lease contains no specific ban or restriction, subletting is allowed. Most leases in Bosham do not prevent an absolute prevention of subletting – such a clause would adversely affect the market value the property. In most cases there is a basic requirement that the owner notifies the freeholder, possibly sending a duplicate of the sublease.
I am the registered owner of a studio flat in Bosham, conveyancing having been completed October 2003. How much will my lease extension cost? Corresponding properties in Bosham with a long lease are worth £186,000. The ground rent is £55 charged once a year. The lease comes to an end on 21st October 2077
With 52 years unexpired we estimate the price of your lease extension to be between £29,500 and £34,000 as well as 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 a more accurate figure in the absence of comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.