I own a freehold residence in Bishops Waltham yet charged rent, why is this and what is this?

It is rare for properties in Bishops Waltham and has limited impact for conveyancing in Bishops Waltham 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 many centuries, but the Rent Charge Act 1977 barred the generation of new rentcharges post 1977.

Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.

I am due to move property in . Does my conveyancing solicitor communicate with the removal company on the completion day. As an aside, can you recommend a removal company in Bishops Waltham. Conveyancing firm was chosen prior to coming across this site.

On the day of completion you can collect the keys from your property agent but this should only happen after the sellers lawyers inform the agent that the monies to complete are in and the keys can be handed over. You should inform the removal company that you are ready to move in. As a matter of policy we do not recommend a specific removal organisation but can assist you in choosing a residential property solicitor in Bishops Waltham or a solicitor with expertise in conveyancing in Bishops Waltham.

We are purchasing a 4 bedroom semi-detached house in Bishops Waltham. The intention is to convert the garage to a playroom at the house.Will legal conveyancing on the property involve enquiries to ascertain if these works are allowed?

Your property lawyer should check the deeds as conveyancing in Bishops Waltham will occasionally reveal restrictions in the title deeds which prohibit categories of alterations or need the permission of another owner. Certain additions require local authority planning permissions and approval in accordance building regulations. Some areas are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. It would be sensible to check these things with a surveyor ahead of any purchase.

I'm the single recipient of my late grandmother’s will and I have everything in my name alone, including the my former home in Bishops Waltham. Conveyancing formalities meant that the Land Registry date was in . I plan to dispose of the house. I do know about the Mortgage Lenders six month 'rule', meaning my property ownership will be treated the same way as if I'd bought the house in . Will no one buy the property for half a year?

The CML handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be caught by that. Some banks would take a sensible view as this clause primarily exists to identify the purchase and immediately sell or the quick reselling of properties.

I am buying a new build apartment in Bishops Waltham. Conveyancing is daunting 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 conveyancing.

Set out below are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Bishops Waltham

Please supply a car parking plan. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. 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.

Over the last few months I have been searching for a flat up to £195,000 and found one round the corner in Bishops Waltham I like with amenity areas and railway links in the vicinity, the downside is that it only has 51 years unexpired on the lease. There is not much else in Bishops Waltham for this price, so just wondered if I would be making a grave error buying a short lease?

Should you require a mortgage that many years will likely be an issue. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least twenty four months you can request that they start the process of the extension and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.

I am hoping to sign contracts shortly on a ground floor flat in Bishops Waltham. Conveyancing solicitors have said that they report fully on Monday. Are there areas in the report that I should be focusing on?

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

You would want to receive a copy of the lease Your lawyers should enable you to have an understanding of the insurance provisions Repair and maintenance of the flat An explanation concerning the obligations as set out in the lease to pay service charges - in respect of the block, and the more general rights a leaseholder enjoys

I invested in buying a 1st floor flat in Bishops Waltham, conveyancing was carried out in 1995. 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? Corresponding flats in Bishops Waltham with over 90 years remaining are worth £165,000. The ground rent is £45 invoiced every year. The lease expires on 21st October 50

With just 50 years unexpired we estimate the premium for your lease extension to be between £36,100 and £41,800 as well as professional fees.

The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.