My partner and I are purchasing our first house. The solicitor has calledto ask if we want to purchase extra conveyancing searches. Frankly we are clueless as to what's appropriate for conveyancing in Cudham
The type of Cudham conveyancing searches depends primarily on the premises, the location, the likelihood of any of these risks, your knowledge of the area and risks, your overall appetite to risk. What matters is that you adequately comprehend what information the searches could provide. You may then decide if you personally think you need that search. Where you are in doubt, ask the conveyancing practitioner to guide you.
I own a freehold house in Cudham but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Cudham and has limited impact for conveyancing in Cudham 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 creation of new rentcharges post 1977.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
My friend advised me that if I am purchasing in Cudham I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally quoted for as part of the standard Cudham conveyancing searches. It is not a small report of more than thirty pages, listing and setting out significant information about Cudham around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Cudham Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Cudham Education with plans and statistics, Local Amenities and other useful information concerning Cudham.
I am looking for a leasehold apartment up to £195,000 and identified one close by in Cudham I like with a park and station in the vicinity, however it only has 49 remaining years left on the lease. I can't really find anything else in Cudham in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a home loan the shortness of the lease will be an issue. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of twenty four months you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
How difficult is it to change conveyancer as I need to instruct a firm on the Leeds Building Society conveyancing list. I instructed a high street conveyancing solicitor in Cudham five minutes from me but he is not approved by Leeds Building Society
We will our best to assist in finding you a conveyancing solicitor in Cudham on the Leeds Building Society panel. Please note that the conveyancers that we work with do not pay us a referral fee if you instruct them and are authorised and regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Cudham. In making use of the find a conveyancing solicitor tool on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Cudham.
I have just appointed agents to market my 2 bed apartment in Cudham. Conveyancing solicitors are to be appointed soon, however I have just had a quarterly service charge demand – what should I do?
It best that you pay the maintenance contribution as usual given that all ground rent and service invoices should be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I am the proprietor of a a ground floor purpose built flat in Cudham. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal determine the amount payable for the purchase of the freehold?
You certainly can. We are happy to put you in touch with a Cudham conveyancing firm who can help.
An example of a Lease Extension case for a Cudham flat is 1 Southlands Court Southlands Road in September 2013. The Leasehold Valuation Tribunal determined that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 was £30,541 This case related to 1 flat. The unexpired term as at the valuation date was 50.57 years.