I own a freehold residence in Brook Green but still charged rent, why is this and what is this?
It is rare for properties in Brook Green and has limited impact for conveyancing in Brook Green 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 have existed for many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges post 1977.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
About to place a bid on a leasehold apartment in Brook Green. The estate agents advise that it is standard for flats in Brook Green to have less than 75 years remaining. I am taking out a loan with Accord Mortgages. Is this going to be a problem if the lease has 70 years unexpired.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 20/4/2021 the requirements read as follows :
We are planning on selling our home in Brook Green and according to the buyers it appears that there is a possibility that the property was constructed on contaminated land. A high street Brook Green lawyer would know this is not the case. It does beg the question why the purchasers used a nationwide conveyancing practice rather than a conveyancing solicitor in Brook Green. Having lived in Brook Green for many years we know of no issue. Is it a good idea to get in touch with our local Authority to seek confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing solicitor currently acting for you. What do they say? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
I used Arc property Solicitors several years past for my conveyancing in Brook Green. Now, I need my files however the law firm is no longer operating. What do I do?
Do call 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 Brook Green of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I decided to have a survey carried out on a property in Brook Green ahead of appointing lawyers. I have been advised that there is a flying freehold aspect to the house. The surveyor advised that some mortgage companies will refuse to give a mortgage on a flying freehold premises.
It varies from the lender to lender. Lloyds has different requirements from Birmingham Midshires. If you call us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Brook Green. Conveyancing may be slightly more expensive based on your lender's requirements.
In my capacity as executor for the will of my aunt I am selling a house in Monmouth but I am based in Brook Green. My conveyancer (who is 250 kilometers from meneeds me to sign a statutory declaration before completion. Can you recommend a conveyancing lawyer in Brook Green who can witness and place their company stamp on the document?
Technically speaking you should not need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will suffice regardless of whether they are Brook Green based