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Recently asked questions about conveyancing in Ringmer

We went with a local firm for our conveyancing in Ringmer yesterday. Looking through the Terms and Conditions it is apparent thatwe are responsible for fees even where the transaction does not complete. Should I go with them or instruct an on-line solicitor practice promising no move no charge conveyancing in Ringmer?

Generally there is a compromise along the lines that if "No Completion No Fee" is offered then the fee levels will generally be uplifted to cover those conveyances that do not proceed. Dont forget that these arrangements tend not to cover expenses by way of example Ringmer conveyancing search charges.

I am acquiring a house mortgage free in Ringmer. I have been living for the previous dozen years in Ringmer. Conveyancing searches are expensive. Given that I have knowledge of the road and vicinity very well must I have all the conveyancing searches?

If you not getting a mortgage, then the vast majority of the Ringmer conveyancing searches are at your discretion. Your lawyer will try and steer you, perhaps strongly, that you should have searches done, but he is duty bound to take that path of guidance. Do bear in mind; if you are likely to sell the house one day, it will likely be be of relevance to your prospective buyer what the searches determine. Sometimes premises with day to day issues can still show up detrimental search results. A good conveyancing solicitor in Ringmer will provide you some sensible advice in this regard.

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

It is rare for properties in Ringmer and has limited impact for conveyancing in Ringmer 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 from 1977 onwards.

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

About to purchase a new build apartment in Ringmer. 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 legal work.

Set out below is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Ringmer

    Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. 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. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. There must be mutual enforceability of lessee’s covenants.

Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what should have been a quick, no chain conveyancing. Ringmer is the location of the property. Can you shed any light on this issue?

Flying freeholds in Ringmer are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Ringmer you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ringmer may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.

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