I am the registered owner of a freehold property in Farnham but nevertheless invoiced for rent, why is this and what is this?
It is rare for properties in Farnham and has limited impact for conveyancing in Farnham 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 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 will be dispensed with completely.
Do commercial conveyancing searches disclose planned roadworks that could affect a commercial premises in Farnham?
Its becoming the norm that commercial conveyancing solicitors in Farnham will execute a SiteSolutions Highways report as it reduces the time that conveyancers spend in sourcing accurate data on highways that impact buildings and development assets in Farnham. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Farnham.
For each commercial conveyancing transaction in Farnham it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may cause delays to Farnham commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not carried out for residential conveyancing in Farnham.
How does conveyancing in Farnham differ for new build properties?
Most buyers of new build residence in Farnham contact us having been asked by the builder to exchange contracts and commit to the purchase even before the property is ready to move into. This is because new home sellers in Farnham tend to purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Farnham or who has acted in the same development.
I am a couple of weeks into a freehold purchase having been referred to a firm by the selling agent to do our conveyancing in Farnham. I am am starting to be frustrated with the quality of service. Can you you assist me in finding new lawyers?
They would have to be very poor to suggest diss instructing them. Has your mortgage been issued? If so you need to advise them of the new conveyancer and get the loan are issued to the new lawyers. Your new conveyancer needs to be on the lenders panel to avoid supplemental charges and complications. That should be your starting point. Our find a solicitor tool should assist you in finding a lender approved lawyer for your conveyancing in Farnham
What are your top tips when it comes to appointing a Farnham conveyancing firm to deal with our lease extension?
If you are instructing a property lawyer for lease extension works (regardless if they are a Farnham conveyancing practice) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We suggest that you speak with several firms including non Farnham conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions could be of use:
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If the firm is not ALEP accredited then what is the reason? Can they put you in touch with clients in Farnham who can give a testimonial?
Farnham Leasehold Conveyancing - Sample of Queries before Purchasing
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The prefered form of lease structure is a share of the freehold. In this situation the lessees enjoy being in charge if their destiny and even though a managing agent is frequently employed where the building is larger than a house conversion, the managing agent employed by the leaseholders. Are there any major works on the horizon that will likely increase the service fees? How much is the maintenance charge and ground rent on the property?
My wife and I have recently appointed a conveyancing solicitor in Farnham. I I would like to check if they are listed on the lender's approved list of lawyers. Can you or the bank confirm if they are on the panel?
It’s a good idea call your lawyer to enquire if they are on the lender's approved list. Alternatively please get in touch with us and we can investigate and revert. If they are not on the conveyancing panel we we can help find a reputable conveyancing solicitor in Farnham on the approved list for your lender.