I am the registered owner of a freehold residence in Eastbourne but still invoiced for rent, why is this and what is this?
It is rare for properties in Eastbourne and has limited impact for conveyancing in Eastbourne 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 in 2037 will be dispensed with completely.
Will our solicitor be raising questions regarding flooding as part of the conveyancing in Eastbourne.
Flooding is a growing risk for solicitors carrying out conveyancing in Eastbourne. Plenty of people will buy a property in Eastbourne, completely expectant that at some time, it may be flooded. However, leaving to one side the physical destruction, where a property is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or dispose of the property. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Conveyancers are not best placed to impart advice on flood risk, however there are a number of checks that may be initiated by the buyer or by their solicitors which can give them a better understanding of the risks in Eastbourne. The standard information given to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) contains a standard question of the seller to determine whether the property has historically flooded. In the event that the property has been flooded in past and is not notified by the owner, then a buyer could issue a claim for damages resulting from an incorrect reply. The purchaser’s solicitors should also carry out an environmental search. This should higlight whether there is a recorded flood risk. If so, more detailed inquiries should be conducted.
Due to the advice of my in-laws I had a survey completed on a house in Eastbourne ahead of retaining lawyers. I have been advised that there is a flying freehold aspect to the house. Our surveyor advised that some mortgage companies may refuse to give a mortgage on this type of property.
It varies from the lender to lender. Santander has different requirements for example to Halifax. If you call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Eastbourne. Conveyancing will be smoother if you use a solicitor in Eastbourne especially if they regularly deal with such properties in Eastbourne.
How simple is it to use your search facility to locate a conveyancing solicitor in Eastbourne on the authorised to act for my bank?
1st choose a bank such as Barclays , Virgin Money or Alliance & Leicester then type in your location for instance Eastbourne. Conveyancing firms in Eastbourne and further afield should be listed.
I am on look out for some leasehold conveyancing in Eastbourne. Before I get started I want to be sure as to the remaining lease term.
Assuming the lease is registered - and most are in Eastbourne - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Eastbourne Leasehold Conveyancing - Examples of Queries Prior to Purchasing
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Its a good idea to find out as much as you can concerning the company managing the block as they will impact your use and enjoyment of the property. As the proprietor of a leasehold property you are frequently in the clutches of the managing agents both financially and when it comes to daily issues such as the upkeep of the common parts. Ask other tenants if they are happy with them. Finally, investigate as to the dates that you are obliged pay the service charge to the managing agents and precisely how they are spending that money. Best to be warned if changing the roof or some other significant cost is coming up to be shared amongst the tenants and could well materially increase the the maintenance fees or require a one off payment. Generally speaking the outlay for major works tend not to be built into the maintenance charges, albeit that some managing agents in Eastbourne ask leaseholders to pay into a sinking fund created for the specific intention of establishing a fund for larger repairs or maintenance.
Is planning permission required to split a house into a couple of appartments in Eastbourne? This has taken place to a house adjacent to my house in Eastbourne and was not aware of the conversion until after the works were finished.
Planning consent is needed for converting a single dwelling in Eastbourne into apartments but possibly not for reverting once again to single dwelling-house so, simply put, yes,a it is needed.