I own a freehold house in Brentwood but nevertheless invoiced for rent, why is this and what is this?
It is rare for properties in Brentwood and has limited impact for conveyancing in Brentwood 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 creation of new rentcharges post 1977.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
Do the Building Society Association intend to launch a searchable register to list practices on the Earl Shilton BS conveyancing panel for instance in Brentwood?
We are not aware of any intention on the part of the BSA to develop such a tool.
Various online forums that I have frequented warn that are the main cause of obstruction in Brentwood house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the determinations of research by MoveWithUs that conveyancing searches do not feature within the common causes of hindrances in the conveyancing process. Searches are unlikely to be the root cause of holding up conveyancing in Brentwood.
I am buying a new build house in Brentwood benefiting from help to buy. The sellers would not budge the amount so I negotiated 6k of additionals instead. The house builders rep advised me not inform my lawyer about the side-deal as it could impact my loan with the bank. Is this normal?.
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.
My business partner and I are hoping to take an assignment of a lease of a shop on a shopping parade. Can you recommend solicitors offering fixed costs for commercial conveyancing in Brentwood for under 2k?
We can recommend firms who host a wealth of experience of commercial conveyancing in Brentwood, including the sale and purchase of businesses as well as simply property. Whether you are hoping to acquire or lease a shop, pub, restaurant, office, retail unit or a complete business we can put you in touch with the right lawyer. Regarding the costs this will depend on the structure and terms of the deal. Please provide us with your contact information or telephone so as to enable us to supply you with a detailed commercial conveyancing calculation.
We're FTB’s - agreed a price, yet the selling agent advised that the seller will only proceed if we instruct the agent's preferred solicitors as they are insisting on a ‘quick sale’. We would rather use a high street solicitor with experience of conveyancing in Brentwood
It is highly unlikely the vendors are behind this. If they desire ‘a quick sale', alienating a genuine buyer is likely to cause more damage than good. Speak to the vendors direct and make sure they comprehend that (a)you are genuine buyers (b)you are ready to go, with finances in place © you have nothing to sell (d) you intend to proceed fast (e)but you will continue to appoint your preferred Brentwood conveyancing solicitors - rather thanthose that will give their estate agent a referral fee or hit his conveyancing figures demanded by corporate headquarters.