I am soon to complete buying a property in Rottingdean but as a consequence of wreckage from some water damage at the property I have was able negotiate recompense from the seller of three thousand pounds in the form of a deduction in the price. This was going to be dealt with as part of amending the contract however Nottingham will not agree to this. Why were they informed?
The lawyer being on the Nottingham approved list is duty bound to disclose to Nottingham of any variations to the purchase price. If you were to refuse your conveyancer to disclose the reduction to Nottingham then they would have to discontinue acting for you. In addition, Nottingham and you would have to appoint a new lawyer for your conveyancing in Rottingdean.
I am the registered owner of a freehold premises in Rottingdean but still invoiced for rent, why is this and what is this?
It’s unusual for properties in Rottingdean and has limited impact for conveyancing in Rottingdean 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.
Old 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 dispensed with completely.
Due to the encouragement of my in-laws I had a survey completed on a property in Rottingdean before appointing solicitors. I have been advised that there is a flying freehold aspect to the property. The surveyor advised that some mortgage companies may refuse to grant a loan on this type of property.
It depends who your proposed lender is. Santander has different requirements for example to Halifax. Should you wish to call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Rottingdean. Conveyancing will be smoother if you use a solicitor in Rottingdean especially if they regularly deal with such properties in Rottingdean.
My business partner and I are intending to lease a unit on the high street. Can you recommend lawyers offering no-move-no charges for commercial conveyancing in Rottingdean for less than 1500k?
We can recommend firms who have specialist knowledge of commercial conveyancing in Rottingdean, including the disposal and purchase of businesses as well as simply property. If you are intending to buy or lease a shop, pub, restaurant, office, retail unit or a whole business we can find you the right solicitor. As for the charges these will vary based on the structure and nuances of the deal. Please provide us with your contact information or call so as to enable us to supply you with a detailed commercial conveyancing quote.
Last January I purchased a leasehold flat in Rottingdean. Do I have any liability for service charges relating to a period prior to completion of my purchase?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I inherited a 2 bed flat in Rottingdean, conveyancing was carried out 10 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable flats in Rottingdean with an extended lease are worth £186,000. The average or mid-range amount of ground rent is £55 levied per year. The lease finishes on 21st October 2073
With 52 years remaining on your lease we estimate the premium for your lease extension to span between £29,500 and £34,000 plus legals.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed due diligence. Do not use the figures in tribunal or court proceedings. There may be other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before seeking the advice of a professional.
Do online conveyancing organisations cover everything a high street Rottingdean solicitor does or do I still need to retain a solicitor for the final stages for my conveyancing in Rottingdean?
If you instruct an online conveyancer they should undertake all the tasks your Rottingdean conveyancer will cover.