I am the registered owner of a freehold house in Chichester but nevertheless pay rent, why is this and what is this?
It is rare for properties in Chichester and has limited impact for conveyancing in Chichester 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 hundreds of years, but the Rent Charge Act 1977 barred the creation of new rentcharges post 1977.
Old 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 extinguished.
I am planning to move home in July. Does my conveyancing solicitor call the removal company on the completion day. As an aside, can you suggest a removal company in Chichester. Conveyancing solicitor was organised before I stumbled across this website.
On the afternoon of completion you will need to pick up the house keys from the property agent but this should only take place after the previous owners solicitors advise the agent that they acknowledge receipt of the completion payment and the keys can be collected. You can advise the removal men that you are ready to move in. As a matter of policy we do not suggest a specific removal company but can assist you in finding a conveyancing in Chichester or a legal practice with expertise in conveyancing in Chichester.
When it comes to mortgage companies such as HSBC, do Chichester conveyancers have to pay a yearly amount to be on the list of approved solicitors?
We are not aware of any mortgage company fees to register on their list of approved firms, although some do levy an administration charge to deal with the processing of the conveyancing panel submission.
I recently had an offer accepted on an apartment in Chichester. My financial adviser recommended their conveyancers. I paid an upfront payment of £200. A few days later, the property lawyer contacted me embarrassingly acknowledging that they were not on the Santander conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Santander panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Despite weeks of looking the Title Certificate and documents to our house can not be found. The lawyers who did the conveyancing in Chichester 5 years ago no longer exist. What are my options?
You no longer need to hold title deeds to prove you are the owner of your registered land or property, given that the Land Registry have everything they need in a digital format.
Over the last few months I have been searching for a ground for flat up to £235,500 and found one near me in Chichester I like with amenity areas and railway links in the vicinity, the downside is that it only has 49 remaining years left on the lease. I can't really find anything else in Chichester for this price, so just wondered if I would be making a mistake buying a short lease?
Should you need a home loan the shortness of the lease will likely be problematic. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of twenty four months you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer about this matter.
All being well we will complete our sale of a £125,000 flat in Chichester next Monday. The managing agents has quoted £396 for Certificate of Compliance, building insurance schedule and 3 years service charge statements. Is it legal for a freeholder to charge an administration fee for a flat conveyance in Chichester?
Chichester conveyancing on leasehold flats typically involves fees being levied by management companies :
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Completing conveyancing due diligence enquiries
Where consent is required before sale in Chichester
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Chichester Leasehold Conveyancing - Sample of Queries before Purchasing
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The best form of lease structure is if the freehold title is in the ownership of the leaseholders. In this situation the lessees benefit from being in charge if their destiny and even though a managing agent is frequently employed if the building is bigger than a house conversion, the managing agent employed by the leaseholders. Who are the managing agents? What is the yearly maintenance fee and ground rent?
I am purchasing a maisonette and cash is in place. My conveyancer has been given with two distinct forms of photographic identification, bank statement, endless utility bills. Now he needs a copy from a probate lawyer stating that the money is legitimate and that it has come from inheritance and not selling fake watches.
In today’s world you will not be able to complete any Chichester conveyancing transaction without first providing evidence of your identity to your lawyers. This usually takes the form of a either your passport or driving licence and a utility bill. Remember if you are providing your driving licence as evidence of ID it must be both the paper part and photo card part, one is not acceptable without the other. Proof of your source of funds is required under Money Laundering laws.