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Recently asked questions about conveyancing in Ashtead

We opted for a high street firm for my conveyancing in Ashtead today. Upon checking the Ts and Cs I seeI am responsible for charges even if the dealdoes not happen. Should I go with them or choose a web based firm promoting no-sale-no-fee conveyancing in Ashtead?

Generally there is a compromise along the lines that if "No Completion No Fee" is advertised then the fee levels will tend to be be higher to cover those conveyances that do not proceed. Do bear in mind that these offerings rarely cover outlay such your Ashtead conveyancing search fees.

I am the registered owner of a freehold premises in Ashtead yet pay rent, why is this and what is this?

It is rare for properties in Ashtead and has limited impact for conveyancing in Ashtead 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 post 1977.

Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.

three months have gone by since my purchase conveyancing in Ashtead completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

About to purchase a new build flat in Ashtead. 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 conveyancing.

Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Ashtead

    Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. There must be mutual enforceability of lessee’s covenants. 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.

Planning to complete next month on a basement flat in Ashtead. Conveyancing lawyers inform me that they are sending me a report tomorrow. Are there areas in the report that I should be focusing on?

The report on title for your leasehold conveyancing in Ashtead should include some of the following:

    The physical ownership of the property. This might be the property itself but might include a loft or storage are if relevant. The unexpired lease term. You should be advised as what happens when the lease expires, and informed of the importance of the 80 year mark Are pets allowed in the flat? An explanation as to the provision in the lease to pay service charges - in relation to the building, and the more general rights a tenant has Do you need to have carpet in the flat or are you allowed wood flooring?
For details of the information to be contained in your report on your leasehold property in Ashtead please enquire of your lawyer in advance of your conveyancing in Ashtead.

Having spent years of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in Ashtead. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?

Absolutely. We can put you in touch with a Ashtead conveyancing firm who can help.

An example of a Lease Extension matter before the tribunal for a Ashtead residence is 33 The Maisonettes Alberta Avenue in June 2014. the Tribunal decided that the premium payable for the grant of a new lease be the sum of £20,680 (Twenty Thousand six hundred and eighty pounds). This case was in relation to 1 flat. The remaining number of years on the lease was 60.43 years.

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Neighbouring Locations

Malden Rushett
Epsom
Epsom and Ewell
Ashtead

Find out more about how flying freehold can affect your the value of a property.