I own a freehold house in New Forest yet 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 establishment of fresh rentcharges post 1977.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
My wife and I purchasing a terrace house in New Forest. Our aim is to convert the garage to a playroom at the property.Will legal work on the property include investigations to determine if these alterations are prohibited?
Your property lawyer should check the deeds as conveyancing in New Forest can occasionally identify restrictions in the title deeds which restrict certain changes or require the permission of a 3rd party. Certain additions call for local authority planning consent and approval in compliance with building regulations. Some areas are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these things with a surveyor ahead of any purchase.
When it comes to lenders such as Leeds Building Society, do New Forest solicitors face a fee to be on the conveyancing panel?
We are unaware of any bank fees to be on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
Does a directory service exist listing TSB panel solicitors in New Forest on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such directory service on the Council of Mortgage Lenders or Building Society Association sites. A small selection of lenders make their panel listings viewable online. Where you are seeking to appoint a New Forest lawyer on the TSB please make the most of our facility.
I am looking into buying my first house which is 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 17 days into a leasehold purchase having been directed to solicitors by the local agent to do our conveyancing in New Forest. I am not happy. Can you help me find new solicitors?
They would need to be really poor to suggest changing them. Has your loan offer been sent? If so you must advise them of the new contact details and ensure the offer are re-issued. The solicitor ideally needs to be on the banks panel to avoid supplemental charges and delays. So that should be your first question of the new solicitors. The search tool should assist you in finding a lender approved lawyer for your home move in New Forest
I am attracted to a two apartments in New Forest both have in the region of 50 years left on the lease term. Will this present a problem?
A lease is a legal document that entitles you to use the premises for a period of time. As a lease gets shorter the value of the lease deteriorates and it becomes more costly to extend the lease. This is why it is often a good idea to increase the term of the lease. More often than not it is difficult to sell a property with a short lease because mortgage companies less inclined to grant a loan on such properties. Lease enfranchisement can be a protracted process. We recommend you get professional help from a solicitor and surveyor with experience in this area.
New Forest Conveyancing for Leasehold Flats - Sample of Questions you should consider Prior to Purchasing
The answer will be helpful as a) areas can cause problems for the block as the communal areas may begin to deteriorate where repairs remain unpaid b) if the leasehold owners have an issue with the running of the building you will wish to know about it Where a New Forest lease has less than 80 years it will have adverse implications on the marketability of the flat. Check with your bank that they are willing to go ahead with the loan given the lease term. A short lease means that you will most likely need a lease extension sooner rather than later and it is worth discovering what this would cost. For most New Forestlease extensions you would need to own the premises for 24 months in order to be legally able to carry out a lease extension. For most New Forest leaseholds the outlay for major works tend not to be included within service charges, albeit that some managing agents in New Forest ask leasehold owners to contribute towards a reserve fund and this is used to offset against larger works.
How do I identify leasehold conveyancing in New Forest?
Option 1 is to ask the people you trust they would would seek assistance from. Second, search the internet for conveyancing in New Forest. Phone a couple or more firms from the list and request that they email you their conveyancing quote and speak to the lawyer who will conduct your conveyancing before you make your decision. Option 3 is to make use of our search tool to assist you in finding the right lawyers for you based on your unique requirements including location,speed, complexity and who the proposed lender is.Resist the temptation to appoint £99 conveyancing solicitors in New Forest