In the event thatI was to buy a simple residential homein Fratton and Portsea mortgage fee and have no survey and no conveyancing searches how much would I expect to to save on my conveyancing in Fratton and Portsea?
The sole saving you would achieve is the Fratton and Portsea conveyancing searches. A conveyancer still got to do everything else - money laundering, correspond with your vendors conveyancer, stamp duty return, register the property etc. A slight saving might be made by not having to register a charge but it won't be significant.
I purchased a freehold property in Fratton and Portsea but nevertheless pay rent, why is this and what is this?
It is rare for properties in Fratton and Portsea and has limited impact for conveyancing in Fratton and Portsea 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 many centuries, but the Rent Charge Act 1977 barred the creation 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 post 2037 will be extinguished.
I appreciate that there are debates on Chancel Insurance on online forums. Am I compelled to have this when buying a house in Fratton and Portsea? or Apparently there is historic law that could mean that house owners residing in a parish church boundary will be compelled to contribute towards maintenance towards the chancel in proximity to the church. Is this relevant for conveyancing in Fratton and Portsea?
Unless a previous purchase of the property took place after 12 October 2013 you can expect lawyers carrying out conveyancing in Fratton and Portsea to continue to suggest a chancel search and or insurance against a claim.
The estate agent has sent us the confirmation of our purchase of a new build flat in Fratton and Portsea. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Fratton and Portsea
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Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please supply a car parking plan. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
I have been sourcing a conveyancing solicitor in Fratton and Portsea for my house move. Is it possible to see a solicitor's complaints history with the profession’s regulator?
Members of the public can read documented Solicitor Regulator Association (SRA) determinations resulting from inquisitions started on or after Jan 2008. Go to Check a solicitor's record. For records Pre 2008, or to check a firm's record, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, dial +44 (0)121 329 6800. The SRA sometimes recorded call for training requirements.
Having had my offer accepted I require leasehold conveyancing in Fratton and Portsea. Before I set the wheels in motion I require certainty as to the unexpired term of the lease.
If the lease is registered - and almost all are in Fratton and Portsea - then the leasehold title will always include the basic details 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.
I inherited a leasehold flat in Fratton and Portsea, conveyancing formalities finalised November 2004. 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? Corresponding properties in Fratton and Portsea with a long lease are worth £206,000. The average or mid-range amount of ground rent is £45 yearly. The lease ends on 21st October 2091
You have 66 years left to run we estimate the premium for your lease extension to span between £11,400 and £13,200 as well as professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed due diligence. Do not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before getting professional advice.