I purchased a freehold house in New Forest but still invoiced for rent, why is this and what is this?
It is rare for properties in New Forest and has limited impact for conveyancing in New Forest 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 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 one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
I have 7378 less than 75 years unexpired on my lease and require a lease extension for my apartment in New Forest. Conveyancing solicitors on the Tesco Bank panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 8/10/2021 the requirements read as follows :
If you had a top tip for choosing a conveyancing solicitor in New Forest what would it be?
We would encourage you not to base your choice on the cheapest New Forest conveyancing costs illustration. You really do get what you pay for when it comes to property lawyers. 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 know exactly what you’ll have to pay in advance.
My stepmother pointed out to me me that in purchasing a property in New Forest there could be various restrictions affecting the ability to carry out external alterations to a property. Is this right?
We are aware of a number of properties in New Forest which have some sort of restriction or requirement of consent to carry out external variations. Part of the conveyancing in New Forest should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
After shopping around on the internet I have found a New Forest property lawyer having checked that they are on the TSB conveyancing panel. Does my lawyer arrange the survey of the property?
TSB will need an independent valuation of the property. Your lawyer will not arrange this. Usually TSB will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your solicitor will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your New Forest postcode. As you are getting a mortgage with TSB, you could contact them to see if they have a list of approved surveyors in New Forest.
I am buying a new build flat in New Forest. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in New Forest
If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Forfeiture - bankruptcy or liquidation must not apply under this provision.
Hoping to buy a property located in New Forest and I am already nervous. I couldn't find anything specific about New Forest. Conveyancing will be needed in due course but do you know about the New Forest area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at New Forest. In the meantime here are some basic statistics that we found
I am using a search engine for the term conveyancing in New Forest it brings up many conveyancerslocally. With so much choice what is the best way to find the right solicitor for my move?
The best way of seeking a suitable conveyancer is via personal testimonial, so seek the opinion of colleagues and family who have bought a property in New Forest or a respected estate agent or mortgage broker. Costs for conveyancing in New Forest differ, so it's sensible to request a minimum of four costs illustrations from varying types of property lawyers. Make sure that you know that the fees are fixed.