I purchased a freehold house in Bootle but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Bootle and has limited impact for conveyancing in Bootle 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 creation of fresh 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 in 2037 is to be extinguished.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Bootle. My lender is Tesco Bank
Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 11/4/2021, the requirements read as follows :
What is the difference between a licensed conveyancer and conveyancing solicitor in Bootle
There are many recorded licenced Conveyancers in Bootle and Solicitor practices in Bootle who can help with your conveyancing It is important to make clear that the two are regulated professionals specialising in the legal work in transferring property. Both can conduct associated property related work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
I am assisting my aunt sell her flat in Bootle. Does the conveyancing solicitor arrange the energy performance certificate or it is for the seller to see to?
After the abolition of HIPs, energy performance certificates remained a compulsory part of selling a property. An energy assessment must be to hand before the property is marketed. This is not as aspect of the sale process that law firms normally arrange. If you are using a Bootle conveyancing practitioner they may be able to arrange energy assessments given their contacts with reputable Bootle providers
My fiancee and I are at the point of looking at apartments in Bootle and I am about to put in an offer. Is it premature to have a solicitor in place? I will be getting a mortgage with HSBC.
You should start obtaining conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their details on to the selling agent. As you are seeking a mortgage with HSBC, make sure you remember to check that your lawyer is on the HSBC conveyancing panel.
I used Arc property Solicitors several years ago for my conveyancing in Bootle. I now require my papers but the law firm has closed. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Bootle of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am a sole trader intending to take an assignment of a lease of a shop on a shopping parade. Can you recommend lawyers offering fixed costs for non-domestic conveyancing in Bootle for less than £2000?
We are happy to recommend firms who have well rounded knowledge of commercial conveyancing in Bootle, including the sale and acquisition of businesses as well as simply premises. Whether you are looking to acquire or dispose of a shop, pub, restaurant, office, retail unit or a whole business we can find you the right solicitor. As for the costs this will depend on the structure and terms of the proposed transaction. Please provide us with your details or phone us so that we may provide you with a detailed commercial conveyancing quote.
Planning to exchange soon on a garden flat in Bootle. Conveyancing lawyers assured me that they will have a report out to me on Monday. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Bootle should include some of the following:
What you can do if a neighbour is in violation of a provision in their lease? The total extent of the demise. This will be the property itself but may incorporate a loft or cellar if relevant. Additions to the property You should be told what constitutes a Nuisance in the lease You should be sent a copy of the lease
I acquired a basement flat in Bootle, conveyancing formalities finalised in 2006. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent flats in Bootle with over 90 years remaining are worth £206,000. The ground rent is £45 invoiced every year. The lease finishes on 21st October 2087
With only 66 years remaining on your lease we estimate the price of your lease extension to range between £11,400 and £13,200 plus costs.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first getting professional advice.