I own a freehold house in Lewes but still pay rent, why is this and what is this?
It’s unusual for properties in Lewes and has limited impact for conveyancing in Lewes 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 hundreds of years, but the Rent Charge Act 1977 barred the creation of fresh rentcharges post 1977.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
My father informed me that in buying a property in Lewes there may be various restrictions affecting the ability to carry out external changes to the property. Is this right?
We are aware of a number of properties in Lewes which have some sort of restriction or requirement of consent to carry out external variations. Part of the conveyancing in Lewes should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am being told by my solicitor that missing deeds insurance is required on my purchase. What is the typical level of cover needed for conveyancing in Lewes?
The right level of missing deeds indemnity insurance should be dictated by who your lender. It would differ for example between Barclays and Barnsley Building Society. Conveyancing practitioners as opposed to members of the public take out such insurances.
Last month we had a mortgage agreed in principle with Nationwide. Lewes conveyancing practitioners have been appointed. What is the average time that one could expect to receive a mortgage offer from Nationwide?
Some lenders take longer than others. Have Nationwide completed the valuation? Have you advised Nationwide as to your lawyers' details and checked that your lawyers are on the Nationwide conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I am buying a new build apartment in Lewes. Conveyancing is a frightening process 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 conveyancing.
Here are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Lewes
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Forfeiture - bankruptcy or liquidation must not apply under this provision. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
Yesterday I discovered that there is a flying freehold issue on a property I have offered on two weeks back in what was supposed to be a straight forward, chain free conveyancing. Lewes is where the house is located. Can you offer any guidance?
Flying freeholds in Lewes are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Lewes you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Lewes 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.
I am 14 days into a leasehold purchase having been recommend to solicitors by the local agent to do our conveyancing in Lewes. I am not happy. Can you help me find new lawyers?
They would have to be very poor to suggest replacing them. Has your mortgage been generated? If so you must inform them of the new contact details and ensure the loan are issued to the new lawyers. Your solicitor ideally needs to be on the banks approved list to avoid supplemental fees and frustration. So that should be your first question of the new conveyancers. Our search tool can help you find a bank approved lawyer for your home move in Lewes
Having had my offer accepted I require leasehold conveyancing in Lewes. Before I get started I require certainty as to the unexpired term of the lease.
Assuming the lease is registered - and most are in Lewes - 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.
Leasehold Conveyancing in Lewes - Examples of Questions you should consider Prior to buying
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This question is helpful as a) areas could result in problems for the block as the common areas may begin to deteriorate where repairs are not paid for b) if the leasehold owners have an issue with the running of the building you will want to have all the details Who are the managing agents?