I am the registered owner of a freehold premises in Old Woking but nevertheless invoiced for rent, why is this and what is this?
It is rare for properties in Old Woking and has limited impact for conveyancing in Old Woking 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 generation of fresh rentcharges post 1977.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
I am buying a right to buy a flat in Old Woking. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Old Woking you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Old Woking.
How does conveyancing in Old Woking differ for new build properties?
Most buyers of new build property in Old Woking contact us having been asked by the seller to sign contracts and commit to the purchase even before the house is completed. This is because house builders in Old Woking usually acquire the site, 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 Old Woking or who has acted in the same development.
Over the last few months I have been searching for a leasehold apartment up to £305k and identified one close by in Old Woking I like with a park and station nearby, the downside is that it's only got 51 years unexpired on the lease. There is not much else in Old Woking suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you require a home loan the shortness of the lease will be problematic. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of twenty four months you may request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this.
Given that I am about to part with £400,000 on 3 bedroom house in Old Woking I wish to have a conversation with the lawyer concerning thehouse move before instructing the firm. Is this something that you can arrange?
We could not agree more - we would be delighted to talk to you we do not take any clients on without you speaking to the lawyer who will be conducting your property ownership legalities in Old Woking.There is no ‘factory style conveyancing’ - every client is an important individual, not a case number. The solicitors that we put you in touch with believe that the fees you are provided with for your conveyancing in Old Woking should be the amount on the final invoice that you end up paying.
What type of premises does your Old Woking conveyancing quotes apply to?
The quotes supplied are only applicable to standard domestic premises in England & Wales. Should you have any different requirements such as industrial or agricultural land or commercial conveyancing in Old Woking please telephone us to consider your requirements .