I own a freehold residence in West Wittering but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in West Wittering and has limited impact for conveyancing in West Wittering 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 from 1977 onwards.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
Have purchased a a semi-detached house in West Wittering , how long will it take for the Land Registry to record my proprietorship? My West Wittering conveyancing solicitor has been very slow, so I want to be sure the registration is dealt with.
As far as conveyancing in West Wittering registration is no faster or slower than the rest of England and Wales. Rather than based on location, timeframes can differ according to the party submitting the application, whether there are errors and whether the Land registry have to notify any interested persons or bodies. Currently approximately 80% of such applications are fully dealt with in less than three weeks but some can be subject to longer hold-ups. Historically registration occurs once the buyer has moved in to the premises therefore 'speed' is not typically top priority but if there is a degree of urgency associated with the registration then you or your solicitor can communicate with the Registry to express the reasoning for an expedited registration.
How does conveyancing in West Wittering differ for new build properties?
Most buyers of new build residence in West Wittering contact us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is completed. This is because house builders in West Wittering tend to buy the real estate, 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 conveyancers 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 used to new build conveyancing in West Wittering or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a house in West Wittering before retaining lawyers. I have been informed that there is a flying freehold aspect to the house. The surveyor advised that some banks may not give a mortgage on this type of house.
It depends who your proposed lender is. Lloyds has different requirements for example to Birmingham Midshires. If you contact us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in West Wittering. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in West Wittering to see if the conveyancing will be more expensive.
There are only 68 years remaining on my flat in West Wittering. I am keen to get lease extension but my landlord is missing. What options are available to me?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be lengthened by the Court. However, you will be required to demonstrate that you or your lawyers have made all reasonable attempts to locate the freeholder. In some cases an enquiry agent would be useful to carry out a search and prepare a report which can be used as proof that the freeholder is indeed missing. It is wise to seek advice from a solicitor in relation to proving the landlord’s absence and the application to the County Court overseeing West Wittering.
I bought a studio flat in West Wittering, conveyancing having been completed 3 years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in West Wittering with an extended lease are worth £191,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease expires on 21st October 2079
With 53 years unexpired we estimate the price of your lease extension to be between £27,600 and £31,800 plus legals.
The figure above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more detailed due diligence. You should not use this information in tribunal or court proceedings. There may be additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.
Your search tool is useful but there are many lawyers listed near West Wittering being on the mortgage company conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for our lender?
We are not in the business of recommending one firm above another as the right West Wittering conveyancing firm for you depends on where your priorities lie. For example you may require a local firm with West Wittering knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..