In the event thatI were to purchase a straightforward housein Kempshott mortgage fee and have no survey and no local authority searches how much should I expect to have to pay for conveyancing in Kempshott?
Any savings you would make will be limited to the disbursement for searches. The conveyancer is required to do the vast majority of work - money laundering, correspond with your sellers conveyancer, stamp duty return, register the title etc. You might save a bit for them not having to register a charge but it won't be significant.
I own a freehold premises in Kempshott yet pay rent, why is this and what is this?
It’s unusual for properties in Kempshott and has limited impact for conveyancing in Kempshott 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 date back hundreds of years, but the Rent Charge Act 1977 barred the generation of new rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
I have just over seventy years remaining on my lease and need a lease extension for my flat in Kempshott. Conveyancing solicitors on the Accord Mortgages panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 25/3/2025 the requirements read as follows :
What is your number one tip for choosing a conveyancing solicitor in Kempshott
It would be unwise to be seduced by the lowest Kempshott conveyancing fees. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
When it comes to lenders such as Coventry BS, do Kempshott conveyancers incur a yearly amount to be on the conveyancing panel?
We are unaware of any mortgage company fees to register on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel application.
My partner and I are in the process of looking at flats in Kempshott and I am now considering a potential offer. Is it sensible to have my property lawyer on ‘stand by’? I will be getting a home loan with Barclays.
It would be sensible to commence your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the selling agent. Given that you are seeking a mortgage with Barclays, ask your prospective lawyers if they are on the Barclays conveyancing panel otherwise they can't do the mortgage legal work.
Just had an offer accepted on a new build flat in Kempshott. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Kempshott
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Forfeiture - bankruptcy or liquidation must not apply under this provision. There must be mutual enforceability of lessee’s covenants.
What are your top tips when it comes to appointing a Kempshott conveyancing practice to deal with our lease extension?
When appointing a solicitor for lease extension works (regardless if they are a Kempshott conveyancing firm) it is most important that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you talk with two or three firms including non Kempshott conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions could be helpful:
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Can they put you in touch with clients in Kempshott who can give a testimonial? How familiar is the practice with lease extension legislation?
Kempshott Conveyancing for Leasehold Flats - Examples of Queries before Purchasing
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What is the name of the managing agents? On the whole the cost for major works are not included within service charges, although a few managing agents in Kempshott obliged tenants to pay into a sinking fund and this is used to offset against larger works. How long is the Lease?