I own a freehold house in Bordon but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Bordon and has limited impact for conveyancing in Bordon 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 generation of new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
I need some fast conveyancing in Bordon as I am faced with pressure to exchange contracts within 4 weeks. A home loan is not required. Can I decline from having conveyancing searches to save money and time?
As you are not taking a home loan you are at free not to have searches carried out although no law firm would advise that you don't. Drawing on our experience of conveyancing in Bordon the following are instances of what can be revealed and adversely affect market value: Enforcement Actions, Overdue Fees, Overdue Grants, Road Schemes,...
How does the Landlord & Tenant Act 1954 impact my business offices in Bordon and how can you help?
The 1954 Act provides protection to business lessees, granting the right to make a request to court for a continuation of occupancy when the lease reaches an end. There are limited grounds that a landlord can refuse a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Bordon is one of our hundreds of areas of the UK in which our lawyers have offices
We are one month into a leasehold purchase having been referred to solicitors by the high street agent to perform conveyancing in Bordon. I am not happy. Can you help me find new solicitors?
They would need to be very poor to suggest changing them. Has your loan offer been generated? In the event that it has you need to inform them of the new contact details and ensure the mortgage documents are issued to the new lawyers. Your new conveyancer needs to be on the lenders panel to avoid added expenses and frustration. So that should be your first question of the new conveyancers. The find a solicitor tool can help you find a bank approved solicitor for your home move in Bordon
Having had my offer accepted I require leasehold conveyancing in Bordon. Before I set the wheels in motion I require certainty as to the remaining lease term.
Assuming the lease is recorded at the land registry - and 99.9% are in Bordon - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I bought a 2 bed flat in Bordon, conveyancing was carried out November 2012. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding properties in Bordon with a long lease are worth £180,000. The average or mid-range amount of ground rent is £65 invoiced every year. The lease finishes on 21st October 2082
With 58 years remaining on your lease we estimate the premium for your lease extension to span between £22,800 and £26,400 plus costs.
The figure above a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure without more comprehensive investigations. You should not use this information in tribunal or court proceedings. There may be other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information before getting professional advice.
Is it true that a Bordon conveyancing company has court proceedings brought against them by a client for not carrying out the appropriate conveyancing investigations?
Our attention has not be brought to such a Bordon conveyancing matter but according to a recent report, a couple acquiring a home in Cumbria successfully sued their solicitor due to development plans to construct a wind farm failing to be picked up in conveyancing searches.
If you are buying in Bordon It is important that your conveyancer carry out all Bordon conveyancing searches needed making sure that you have relevant and current information before buying a home in Bordon.