I am expecting a mortgage with Santander. I would like to instruct a Licensed Conveyancer in Newhaven. Does the Santander Conveyancing panel allow for conveyancers regulated by the CLC?
The Santander approved solicitor list is, like many other lenders, represented by the CML or BSA, open to Licensed Conveyancers regulated by the CLC.
I am the registered owner of a freehold residence in Newhaven but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Newhaven and has limited impact for conveyancing in Newhaven 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 establishment of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
five months have gone by following my purchase conveyancing in Newhaven took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £215,000. 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.
How does conveyancing in Newhaven differ for newly converted properties?
Most buyers of new build premises in Newhaven contact us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is completed. This is because builders in Newhaven usually acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Newhaven or who has acted in the same development.
Completion is due on the disposal of our £450,000 flat in Newhaven next Thursday. The freeholder has quoted £360 for Certificate of Compliance, building insurance schedule and 3 years service charge statements. Is it legal for a freeholder to charge such fees for a flat conveyance in Newhaven?
Newhaven conveyancing on leasehold maisonettes ordinarily necessitates administration charges raised by landlords agents :
Addressing pre-contract enquiries
Where consent is required before sale in Newhaven
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I acquired a basement flat in Newhaven, conveyancing formalities finalised half a dozen years ago. How much will my lease extension cost? Equivalent flats in Newhaven with over 90 years remaining are worth £185,000. The average or mid-range amount of ground rent is £65 levied per year. The lease finishes on 21st October 2082
With only 60 years remaining on your lease we estimate the premium for your lease extension to span between £20,000 and £23,000 plus professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you move forward based on this information before seeking the advice of a professional.