I am the registered owner of a freehold house in Ashton but nevertheless invoiced for rent, why is this and what is this?
It is rare for properties in Ashton and has limited impact for conveyancing in Ashton 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 from 1977 onwards.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
we are a couple who intend to purchase a newbuild apartment in Ashton with a residential mortgage from Birmingham Midshires.We like our Ashton conveyancing solicitor but Birmingham Midshires informed us his firm is not on their approved list of member firms. we are left little option but to use a Birmingham Midshires panel firm or retain our high street solicitor and fork out for a Birmingham Midshires panel lawyer to represent them. This seems very unfair; is there anything we can do?
No, not really. The mortgage issued to you is subject to its terms and conditions, one of which will be that conveyancers will be on the Birmingham Midshires conveyancing panel. in the past, most lenders had large numbers of law firms on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for Birmingham Midshires
five months have elapsed following my purchase conveyancing in Ashton completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £180,000. 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 property 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.
I have been on the look out for a flat up to £235,500 and found one close by in Ashton I like with amenity areas and transport links nearby, the downside is that it only has 49 years on the lease. There is not much else in Ashton for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
If you require a home loan that many years will be problematic. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least 2 years you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.
What tools are available to search for a Ashton solicitor on the Virgin Money conveyancing panel? I have a car and am prepared to travel upto 10kilometers to meet the solicitor.
You can use the search on this page. Please choose the mortgage company and your location and you will see a number of Ashton conveyancing lawyers locally. We have detailed some Ashton conveyancing firms towards the end of this page and you can call them to check whether they are on the Virgin Money member panel
My husband and I are 14 days into a freehold purchase having been recommend to solicitors by the selling agent to execute conveyancing in Ashton. I am am starting to be frustrated with the level of service. Could you you assist me in finding new solicitors?
They would have to be really poor to suggest changing them. Has your mortgage been sent? In the event that it has you must inform them of the new contact details and have the mortgage documents are issued to the new lawyers. Your solicitor ideally needs to be on the lenders panel to avoid escalating costs and complications. So that should be your first question of the new lawyers. The find a solicitor tool will help you find a lender approved conveyancer for your conveyancing in Ashton