It may have been a long time coming a loan offer from Santander for the remortgage of my single room apartment is expected by the end of next week. Could you recommend a cheap conveyancing lawyer in Southbourne?
You have come to the wrong site to search for a cheap conveyancing in Southbourne. We can offer you value for money conveyancing but our intention is not to work with the cheapest lawyers. Avoid the trap of appointing organisations enticing you with ninety nine pound conveyancing in Southbourne. Optimistically, in deciding on cheap conveyancing, you will get your money’s worth and at worst you will end up invoiced for extras and still not get the service expected.
I am the registered owner of a freehold property in Southbourne but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Southbourne and has limited impact for conveyancing in Southbourne 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 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 after 2037 will be extinguished.
Despite weeks of looking the Title Certificate and documents to our house are lost. The conveyancers who did the conveyancing in Southbourne 4 years ago have long since closed. What are my next steps?
Assuming you have a registered title the information relating to your ownership will be recorded by the Land Registry under a Title Number. It is possible to perform a search at the Land Registry, locate your property and get current copies of the Registered Entries for a small fee. If the property is Leasehold then the Land Registry will also normally hold a certified copy of the Registered Lease and again, a copy can be obtained for £20 inclusive of VAT.
Over the last few months I have been searching for a flat up to £235,500 and identified one near me in Southbourne I like with a park and railway links nearby, however it only has 49 years unexpired on the lease. I can't really find anything else in Southbourne for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
If you need a home loan that many years may be an issue. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least 2 years you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.
My husband and I are first time buyers - had an offer accepted, but the selling agent advised that the owners will only move forward if we use the agent's recommended conveyancers as they need a ‘quick sale’. Our preferred option is to instruct a local conveyancer who is accustomed to conveyancing in Southbourne
We suspect that the seller is not behind this request. Should the owner want ‘a quick sale', alienating a genuine buyer is is going to put the whole deal at risk. Contact the owners directly and make the point that (a)you are genuine purchasers (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)but you are going to use your own,trusted Southbourne conveyancing solicitors - as opposed tothe ones that will give their estate agent a commission or meet his conveyancing figures pre-set by senior management.
Estate agents have just been given the go-ahead to market my ground floor apartment in Southbourne. Conveyancing has not commenced, but I have recently had a yearly service charge invoice – Do I pay up?
The sensible thing to do is clear the invoice as you normally would given that all ground rent and service invoices should be apportioned on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Leasehold Conveyancing in Southbourne - Sample of Questions you should ask before Purchasing
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On the whole the cost for major works are not included within service charges, although a few managing agents in Southbourne require leaseholders to contribute towards a sinking fund created for the specific intention of building a fund for major works. It is important to be aware if redecorating or some other significant cost is pending to be shared between the leasehold owners and will materially impact the level of the maintenance fees or require a one time payment. What restrictions exist in the Southbourne Lease?