I am the registered owner of a freehold premises in Felpham but nevertheless pay rent, why is this and what is this?
It is rare for properties in Felpham and has limited impact for conveyancing in Felpham 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 hundreds of years, but the Rent Charge Act 1977 barred the creation of new rentcharges post 1977.
Old 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.
Various internet forums that I have frequented warn that are the main cause of obstruction in Felpham conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published determinations of a review by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of hindrances during the legal transfer of property. Local searches are unlikely to be the root cause of holding up conveyancing in Felpham.
The estate agent has sent us the confirmation of our purchase of a new build flat in Felpham. 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.
Set out below is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Felpham
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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 control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please supply a car parking plan. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
What tools are available to identify a Felpham solicitor on the Aldermore conveyancing panel? I am a keen cyclist and am happy to travel upto 25miles to meet the conveyancer.
You can use the search on this page. Please choose the mortgage company and your location and you will see a number of Felpham conveyancing lawyers located nearest you. We have detailed some Felpham conveyancing firms at the bottom of this page and you can call them to see whether they are on the Aldermore member panel
I am using a search engine for the term on line conveyancing in Felpham it shows results of numerous property lawyerslocally. How do I determine which is the suitable conveyancing solicitor for me?
The ideal method of finding the right conveyancer is via personal recommendation, so enquire of friends and those you trust who have bought a property in Felpham or a respected estate agent or mortgage broker. Charges for conveyancing in Felpham vary, so it's sensible to secure a minimum of four fee calculations from different law firms. Make sure that you know that the charges are guaranteed not to to be inflated.