Having been suggested to visit your company we were about to use a conveyancing solicitor in Beddington endorsed on your site but stumbled across alternative costs illustrations on the internet look cheaper – why is this?
One can find plenty of solicitors promoting supposedly cut-price conveyancing, but supplementalfees end up with the closing invoice markedly uplifted. Conveyancers are obliged to make sure that costs listed in terms of business should be equitable raised The law firms that we put forward for conveyancing in Beddington set out all charges for the property you plan topurchase.
I own a freehold premises in Beddington but still invoiced for rent, why is this and what is this?
It is rare for properties in Beddington and has limited impact for conveyancing in Beddington 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 generation of fresh 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 in 2037 will be extinguished.
I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Beddington. My lender is Virgin
Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 1/11/2025, the requirements read as follows :
I've recently found out that there is a flying freehold issue on a house I put an offer in last month in what was supposed to be a quick, chain free conveyancing. Beddington is the location of the property. What do you suggest?
Flying freeholds in Beddington are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Beddington you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Beddington 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 premises.
Is it simple use your search tool to select a conveyancing lawyer in Beddington on the approved list for my mortgage?
First pick a bank such as Birmingham Midshires, The Royal Bank of Scotland or Alliance & Leicester then choose your preferred area for example Beddington. Conveyancing organisations in Beddington and beyond will then be shown.
Can you provide any top tips for leasehold conveyancing in Beddington with the aim of expediting the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Beddington can be bypassed if you get in touch lawyers as soon as you market your property and request that they start to collate the leasehold documentation which will be required by the buyers’ lawyers. If you have had any disputes with your landlord or managing agents it is essential that these are resolved prior to the flat being marketed. The purchasers and their solicitors will be reluctant to purchase a flat where there is an ongoing dispute. You may need to swallow your pride and pay any arrears of service charge or settle the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose particulars of the dispute to the purchasers, but it is better to reveal the dispute as historic as opposed to unresolved. The majority of freeholders or managing agents in Beddington levy fees for supplying management packs for a leasehold property. You or your lawyers should enquire as to the fee that they propose to charge. The management pack can be applied for as soon as you have a buyer, thus accelerating the process. The average time it takes to obtain the necessary information is three weeks. It is the most common cause of frustration in leasehold conveyancing in Beddington. If you are supposed to have a share in the Management Company, you should ensure that you hold the original share document. Obtaining a new share certificate is often a lengthy formality and slows down many a Beddington conveyancing transaction. Where a new share certificate is required, do contact the company director and secretary or managing agents (if relevant) for this as soon as possible. A minority of Beddington leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, you should place the estate agents on notice to make sure that the purchasers obtain financial (bank) and professional references. The bank reference should make it clear that the buyer is financially capable of paying the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the purchasers or their solicitors.
Having spent months of dialogue we are unable to agree with our landlord on how much the lease extension should cost for our flat in Beddington. Can we issue an application to the Residential Property Tribunal Service?
in cases where there is a missing landlord or where there is disagreement about what the lease extension should cost, under the relevant statutes it is possible to make an application to the LVT to calculate the price payable.
An example of a Lease Extension decision for a Beddington residence is Ground Floor Flat 14 Lodge Road in October 2013. the tribunal held that the price payable for the acquisition of the extended lease of the property should be £12,590 .00 This case affected 1 flat. The unexpired residue of the current lease was 69.46 years.