Can you vouch for a Skipton Building Society sanctioned Farnham Common conveyancing conveyancer that can complete within a very limited time frame? Would it be better to use a local Farnham Common conveyancer or a national conveyancer?
We can recommend some very good Farnham Common conveyancing firms. Another option is to visit the high street in Farnham Common. Approach a couple of firms and ask to speak with a conveyancing solicitor for a quote. Mention your deadline together with the reasons and ask for an assurance on your deadline. Select the one that you trust.
I am the registered owner of a freehold house in Farnham Common but still charged rent, why is this and what is this?
It’s unusual for properties in Farnham Common and has limited impact for conveyancing in Farnham Common 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 many centuries, but the Rent Charge Act 1977 barred the creation of fresh rentcharges post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
Yesterday I discovered that there is a flying freehold element on a house I have offered on two weeks back in what was supposed to be a straight forward, no chain conveyancing. Farnham Common is the location of the property. Can you shed any light on this issue?
Flying freeholds in Farnham Common are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Farnham Common you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Farnham Common may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
How do I locate a Farnham Common law firm on the Virgin Money conveyancing panel? I drive a motor bike and am prepared to travel upto 20miles to meet the conveyancer.
You can use the tool on this website. Please pick a mortgage company and your location and you will see a number of Farnham Common conveyancing lawyers based on proximity. We have listed some Farnham Common conveyancing firms at the bottom of this page and you can ring them to see if they are on the Virgin Money approved list
My husband and I are four weeks into a freehold purchase having been referred to solicitors by the selling agent to perform conveyancing in Farnham Common. I am am very frustrated with the level of service. Could you help me find new lawyers?
A solicitor would have to be really bad to suggest diss instructing them. Has your mortgage been issued? If so you must make them aware of the new contact details and get the loan are issued to the new lawyers. The solicitor ideally needs to be on the lenders approved list to avoid escalating costs and frustration. That should be your starting point. Our search tool can assist you in finding a lender approved conveyancer for your conveyancing in Farnham Common
Estate agents have just been given the go-ahead to market my ground floor apartment in Farnham Common. Conveyancing lawyers have not yet been instructed, but I have recently received a half-yearly maintenance charge invoice – should I leave it to the buyer to sort out?
Your conveyancing lawyer is likely to suggest that you should pay the service charge as normal given that all ground rent and maintenance payments will be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I purchased a ground floor flat in Farnham Common, conveyancing formalities finalised half a dozen years ago. Can you work out an approximate cost of a lease extension? Comparable properties in Farnham Common with over 90 years remaining are worth £179,000. The ground rent is £65 invoiced annually. The lease finishes on 21st October 2084
You have 58 years left to run the likely cost is going to be between £25,700 and £29,600 plus costs.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed investigations. Do not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information before getting professional advice.