The Christchurch conveyancing firm handling our Christchurch conveyancing has spotted an inconsistency between the surveyor’s assumptions in the valuation survey and what is in the conveyancing documents. My lawyer informs me that he must check that the bank is OK with this discrepancy and is content to go ahead. Is my conveyancer’s course or action right?
Your conveyancer must comply with the UK Finance Lenders’ Handbook requirements which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
I own a freehold residence in Christchurch but still charged rent, why is this and what is this?
It is rare for properties in Christchurch and has limited impact for conveyancing in Christchurch 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 establishment of new rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
My brother-in-law has suggested I instruct a conveyancing solicitor in Christchurch. I need to find out whether they are accepted on the Virgin Money approved list of lawyers. Can you or the lender confirm if they are on the panel?
The first thing to do is e-mail your lawyer and enquire if they are on the lender panel. Otherwise you should get in touch with Virgin Money who may be able to assist.
How can the Landlord & Tenant Act 1954 affect my commercial offices in Christchurch and how can your lawyers assist?
The particular law that you refer to affords a safeguard to business lessees, giving them the legal entitlement to make a request to court for a new tenancy and continue in occupation when the lease comes to an end. There are limited grounds that a landlord can refuse a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Christchurch is one of our numerous locations in which our lawyers are located
I own a leasehold house in Christchurch. Conveyancing and Yorkshire Building Society mortgage are in place. I have received a letter from someone saying they have taken over the freehold. It included a demand for arrears of ground rent dating back to 1994. The conveyancing solicitor in Christchurch who previously acted has long since retired. Any advice?
The first thing you should do is contact the Land Registry to be sure that the individual claiming to own the freehold is in fact the new freeholder. There is no need to instruct a Christchurch conveyancing solicitor to do this as it can be done on-line for less than a fiver. Rest assured that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I inherited a basement flat in Christchurch, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent flats in Christchurch with a long lease are worth £216,000. The average or mid-range amount of ground rent is £50 levied per year. The lease ceases on 21st October 2094
You have 69 years remaining on your lease we estimate the premium for your lease extension to range between £9,500 and £11,000 as well as costs.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There may be additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first seeking the advice of a professional.
Finally, a loan offer from a lender for the remortgage of my 4 bedroom flat is coming any day now. Are you able to suggest a low cost remortgage conveyancing lawyer in Christchurch ?
You have come to the wrong place to search for the cheapest conveyancing in Christchurch. Our aim is to provide cost effective conveyancing but we do not aim to advertise as being the cheapest. Avoid the trap of appointing brokers offering £99 conveyancing in Christchurch.In your best case scenario, in going for cheap conveyancing, you will end up with what you pay for and at worst you will end up invoiced for additional fee and still not receive the service you were hoping for.