I own a freehold residence in Forest of Dean but nevertheless pay rent, why is this and what is this?
It is rare for properties in Forest of Dean and has limited impact for conveyancing in Forest of Dean 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 establishment of fresh 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 is to be extinguished.
I am purchasing a garden flat in Forest of Dean. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Forest of Dean you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Forest of Dean.
I require fast conveyancing in Forest of Dean as I have an ultimatum to sign on the dotted line inside one month. Thankfully I do not need a mortgage. Can I escape the need for conveyancing searches to save fees and time?
As you are not getting a mortgage you have the choice not to do searches although no solicitor would recommend that you don't. With plenty of history conveyancing in Forest of Dean the following are instances of what can arise and adversely affect the marketability of the property: Refused Planning Applications, Overdue Fees, Outstanding Grants, Road Schemes,...
Are there restrictive covenants that are commonly picked up as part of conveyancing in Forest of Dean?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Forest of Dean. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
My brother has recommend that I instruct his lawyers for conveyancing in Forest of Dean. Do I follow his advice?
There are no two ways about it the best way to choose a conveyancing lawyer is to seek feedback from friends or family who have previously instructed the firm you're contemplating using.
I have just appointed agents to market my 2 bed flat in Forest of Dean. Conveyancing solicitors are to be appointed soon, however I have just had a half-yearly maintenance charge invoice – Do I pay up?
It best that you discharge the service charge as normal as all ground rent and service charges will be apportioned as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until 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. This will smooth the conveyancing process.
Forest of Dean Conveyancing for Leasehold Flats - Examples of Queries before Purchasing
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How many of the leaseholders are in arrears for their maintenance charge payments? How is the lease structured?