I own a freehold house in Liphook but still pay rent, why is this and what is this?
It is rare for properties in Liphook and has limited impact for conveyancing in Liphook 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 redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
My uncle passed away last year and as sole heir and executor I was left the property in Liphook. The house had a small mortgage left on it of around £5k. I want to have the title changed into my name whilst I re-mortgage to Aldermore, pay off the mortgage. Is this allowed?
Given you plan to refinance then Aldermore will insist on your using a conveyancer on the Aldermore conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Aldermore conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Aldermore mortgage is registered as a charge at the Land Registry.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a quick, no chain conveyancing. Liphook is the location of the property. Is there any advice you can impart?
Flying freeholds in Liphook are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Liphook you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Liphook may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
In my capacity as executor for the will of my aunt I am disposing of a house in Newport but I am based in Liphook. My solicitor (based 250 miles from merequires that I sign a statutory declaration ahead of completion. Can you recommend a conveyancing lawyer in Liphook who can witness this legal document for me?
strictly speaking you should not be required to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or solicitor will suffice regardless of whether they are Liphook based
Frank (my husband) and I may need to let out our Liphook ground floor flat for a while due to a new job. We used a Liphook conveyancing practice in 2003 but they have since shut and we did not have the foresight to seek any advice as to whether the lease allows us to sublet. How do we find out?
Some leases for properties in Liphook do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord is not entitled to unreasonably refuse but, in such cases, they would need to review references. Experience suggests that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting permission.
I purchased a garden flat in Liphook, conveyancing having been completed March 2005. Can you give me give me an indication of the likely cost of a lease extension? Similar properties in Liphook with over 90 years remaining are worth £191,000. The ground rent is £55 yearly. The lease runs out on 21st October 2079
You have 54 years left to run we estimate the premium for your lease extension to be between £32,300 and £37,400 plus costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information without first seeking the advice of a professional.
I acquired a house in Liphook last 21/8/2024 and to date it is still not registered with HM Land Registry. It is part of a new estate and my lawyer told me that it can take 12 months to complete the registration formalities. I have called HM Land Registry directly and they say that the original application was cancelled due to questions not being addressed in time. Should I be concerned?
Call your lawyer - Where you are unsatisfied with the responses, look up their firm’s complaints protocol and amplify your problem to a Partner. Registrations for Liphook conveyancing are not known to be especially complex.