I purchased a freehold house in Colchester yet charged rent, why is this and what is this?
It’s unusual for properties in Colchester and has limited impact for conveyancing in Colchester 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 fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
We are aiming to move house in June. Should my conveyancing solicitor liaise with the removal company on the day of completion. As an aside, can you recommend a removal company in Colchester. Conveyancing lawyer was organised before I stumbled across this website.
On the afternoon of completion you will need to collect the keys from your selling agent but this should only happen after the sellers lawyers advise the agent that they have the completion monies and the keys can be passed over. Subsequently you can tell the removal men that they can start moving you in. We are not in a position to recommend a particular removal organisation but can assist you in choosing a conveyancing in Colchester or a firm with expertise in conveyancing in Colchester.
We are purchasing a end of terrace house in Colchester. Our aim is to convert the garage to an office at the house.Will legal due diligence on the property include investigations to ascertain if these alterations are prohibited?
Your property lawyer should review the registered title as conveyancing in Colchester will on occasion identify restrictions in the title deeds which prevent categories of alterations or necessitated the consent of another owner. Certain extensions need local authority planning permissions and approval under the building regulations. Some locations are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. It would be prudent to check these issues with a surveyor ahead of any purchase.
Is it correct that all Colchester CQS (Conveyancing Quality Scheme) solicitors are on the RBS conveyancing panel?
It is true that some banks and building societies now use CQS as the kick off point for Panel approval such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to join their approved list of conveyancing solicitors.
I used Wolstenholmes a few years past for my conveyancing in Colchester. Now, I need the files but the law firm has closed. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracking down 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 Colchester 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.
My company is looking to lease a unit on a shopping parade. Can you recommend lawyers offering fixed charges for commercial conveyancing in Colchester for below £2000?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Colchester, including the sale and purchase of businesses as well as simply premises. If you are looking to purchase or lease a shop, pub, restaurant, office, retail unit or a whole business we will put you in touch with the right solicitor. As for the costs this will depend on the structure and nuances of the deal. Please provide us with your details or call us so that we may furnish you with comprehensive commercial conveyancing quote.
I’m about to sell my garden flat in Colchester. Conveyancing has not commenced, but I have recently had a yearly service charge invoice – what should I do?
The sensible thing to do is discharge the invoice as usual because all ground rent and service payments will be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I inherited a basement flat in Colchester, conveyancing having been completed 9 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Similar flats in Colchester with a long lease are worth £216,000. The ground rent is £50 invoiced annually. The lease ends on 21st October 2093
With just 69 years remaining on your lease the likely cost is going to span between £9,500 and £11,000 plus legals.
The figure that we have given is 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 tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.
I am due to review costs for conveyancing in Colchester from three solicitor and decide on one. Should I instruct them to sit tight until I have found somewhere to purchase.
We suggest that you only ask your solicitor to open a file and submit searches after the offer has been agreed to on the property especially as Colchester conveyancing searches are not cheap.