I am the registered owner of a freehold residence in Bath yet charged rent, why is this and what is this?
It’s unusual for properties in Bath and has limited impact for conveyancing in Bath 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 new 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 extinguished.
I am buying a new build house in Bath with a loan from Barclays . The builders refused to reduce the amount so I negotiated 6k of extras instead. The house builders rep advised me not reveal to my conveyancer about the extras as it will affect my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
What tools are available to locate a Bath solicitor on the Birmingham Midshires conveyancing panel? I drive a motor bike and am prepared to travel upto 25kilometers to meet the solicitor.
You can use the search on this website. Please choose the lender and your location and you will see a number of Bath conveyancing lawyers located nearest you. We have detailed some Bath conveyancing firms towards the end of this page and you can telephone them to check whether they are on the Birmingham Midshires panel
I need to instruct a conveyancing solicitor in Bath for my house move. Is it possible to check a solicitor's record with the profession’s regulator?
One can search for published Solicitor Regulator Association (SRA) decisions resulting from inquisitions from 2008 onwards. Go to Check a solicitor's record. To find details about the period before 1 January 2008, or to check a firm's history, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, call +44 (0)121 329 6800. The SRA sometimes monitor call for training purposes.
Frank (my husband) and I may need to let out our Bath ground floor flat for a while due to a new job. We instructed a Bath conveyancing firm in 2001 but they have closed and we did not think at the time get any advice as to whether the lease permits subletting. How do we find out?
Notwithstanding that your previous Bath conveyancing lawyer is not around you can check your lease to check if you are permitted to let out the premises. The rule is that if the deeds are silent, subletting is allowed. Quite often there is a prerequisite that you are obliged to seek consent from your landlord or other appropriate person in advance of subletting. This means you not allowed to sublet in the absence of first obtaining permission. The consent should not be unreasonably withheld. If your lease prohibits you from subletting the property you will need to ask your landlord for their consent.
I invested in buying a garden flat in Bath, conveyancing formalities finalised in 2009. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Bath with over 90 years remaining are worth £190,000. The ground rent is £65 invoiced every year. The lease comes to an end on 21st October 2085
With just 61 years remaining on your lease we estimate the price of your lease extension to range between £19,000 and £22,000 as well as legals.
The figure above a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure without more comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not take any other action based on this information before seeking the advice of a professional.
My wife and I have recently appointed a conveyancing solicitor in Bath. I I would like to check if they are listed on the bank's conveyancing panel. Could you or the bank confirm if they are on the panel?
One option is to phone your lawyer to enquire if they are on the bank's panel. Alternatively please get in touch with us and we can make some checks for you. Should the firm not be on the bank panel we can certainly arrange a reputable conveyancing solicitor in Bath on the approved list for your mortgage company.