I own a freehold premises in Romsey yet charged rent, why is this and what is this?
It’s unusual for properties in Romsey and has limited impact for conveyancing in Romsey 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 establishment of new rentcharges post 1977.
Old 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.
My relative advised me that if I am buying in Romsey I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is sometimes included in the estimate for your Romsey conveyancing searches. It is not a small document of about 40 pages, listing and setting out important information about Romsey around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Romsey Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Romsey Education with maps and statistics, Local Amenities and other useful data concerning Romsey.
I am buying a new build flat in Romsey. Conveyancing is daunting 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.
Set out below is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Romsey
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. 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. 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.
What is different about your site and alternative internet conveyancing solicitors when it comes to conveyancing in Romsey?
At this site receive an accurate quote via a Solicitor or Licensed Conveyancer that appreciates the issues for your conveyancing in Romsey. Unlike many estate agents and brokerage sites we do not charge firms a fee if you appoint them for your conveyancing in Romsey
My husband and I are 18 days into a leasehold purchase having been directed to a firm by the estate agent to perform conveyancing in Romsey. We are not happy. Could you you assist me in finding new lawyers?
They would need to be really poor in order to consider replacing them. Has your mortgage offer been sent? In the event that it has you will need to make them aware of the new contact details and get the loan are re-sent. Your new conveyancer should be on the lenders panel to avoid supplemental charges and complications. That should be your first question of the new solicitors. The search tool will assist you in finding a lender approved conveyancer for your home move in Romsey
I am on look out for some leasehold conveyancing in Romsey. Before I set the wheels in motion I want to be sure as to the number of years remaining on the lease.
If the lease is registered - and most are in Romsey - 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.
Romsey Conveyancing for Leasehold Flats - Sample of Questions you should consider before buying
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Is there a share of the freehold? What is the maintenance charge and ground rent on the flat? Is anyone aware of any major works anticipated that will increase the service charges?