Do the conveyancing lawyers identified via your search tool conduct conveyancing in Tidworth by way of an attended exchange?
We do have a number of conveyancing specialists who can conduct attended exchanges. Please e-mail us to secure a costs illustration and details as to dates.
I am the registered owner of a freehold property in Tidworth yet charged rent, why is this and what is this?
It’s unusual for properties in Tidworth and has limited impact for conveyancing in Tidworth 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.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Tidworth. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Tidworth
Please confirm the Lease plans are architect prepared. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Please supply a car parking plan.
In my capacity as executor for the estate of my grandfather I am disposing of a house in Cardiff but reside in Tidworth. My lawyer (who is 235 kilometers awayneeds me to execute a statutory declaration ahead of completion. Can you recommend a conveyancing lawyer in Tidworth to attest this legal document for me?
strictly speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will do regardless of whether they are Tidworth based
Can you provide any advice for leasehold conveyancing in Tidworth from the point of view of saving time on the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Tidworth can be avoided where you instruct lawyers the minute your agents start advertising the property and request that they start to put together the leasehold documentation needed by the purchasers’ representatives. If you have the benefit of shareholding in the freehold, you should ensure that you have the original share certificate. Arranging a replacement share certificate is often a lengthy formality and delays many a Tidworth home move. If a new share is required, do contact the company officers or managing agents (if relevant) for this as soon as possible. If you have had any disputes with your freeholder or managing agents it is essential that these are resolved before the property is put on the market. The buyers and their solicitors will be nervous about purchasing a flat where there is an ongoing dispute. You will have to accept that you will have to discharge any arrears of service charge or resolve the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose details of the dispute to the buyers, but it is clearly preferable to reveal the dispute as over rather than ongoing. A minority of Tidworth leases require Landlord’s consent to the sale and approval of the buyers. If this is the case, you should place the estate agents on notice to make sure that the purchasers put in hand bank and professional references. Any bank reference should make it clear that the buyer is financially capable of paying the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the purchasers or their solicitors.
I bought a 1 bedroom flat in Tidworth, conveyancing was carried out 9 years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in Tidworth with over 90 years remaining are worth £216,000. The ground rent is £50 levied per year. The lease comes to an end on 21st October 2087
With only 69 years left to run the likely cost is going to be between £9,500 and £11,000 as well as costs.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first seeking the advice of a professional.