Just been in touch with my conveyancing solicitor in Hampshire who completed the legal work two years ago asking for a conveyancing estimate based on the same type of house move (a leasehold property and a freehold premises) of almost identical values with a mortgage from Lloyds TSB Bank. It looks as though am now being charged twice the amount. Should I look for an alternative property lawyer?
The estimate fees appear a bit high. If you shop around you might trim some of the cost by perhaps £125. On the other hand, providing that you were content with the conveyancing the firm provided you mightlive to regret opting for an an unknown solicitor. If is important to ensure that the conveyancer can represent Lloyds TSB Bank. You can use our search tool to choose a Hampshire conveyancing firm on the Lloyds TSB Bank conveyancing panel, which can often include conveyancing solicitors in Hampshire.
I am the registered owner of a freehold property in Hampshire but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Hampshire and has limited impact for conveyancing in Hampshire 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 establishment of new 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 post 2037 will be dispensed with completely.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Hampshire?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Hampshire. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
About to purchase a new build apartment in Hampshire. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Hampshire
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? 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.
I opted to have a survey done on a house in Hampshire in advance of retaining conveyancers. I have been advised that there is a flying freehold element to the house. Our surveyor advised that some lenders will not issue a mortgage on this type of house.
It depends who your proposed lender is. HSBC has different instructions from Birmingham Midshires. Should you wish to call us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Hampshire. Conveyancing will be smoother if you use a solicitor in Hampshire especially if they are accustomed to such properties in Hampshire.
How do I locate a Hampshire solicitor on the Godiva Mortgages Ltd conveyancing panel? I have wheels and am willing to travel upto 20kilometers to meet the solicitor.
You can use the tool on this page. Please select a mortgage company and your location and you will see a number of Hampshire conveyancing lawyers located nearest you. We have detailed some Hampshire conveyancing firms towards the end of this page and you can contact them to see if they are on the Godiva Mortgages Ltd approved list