I am the registered owner of a freehold premises in Drybrook but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Drybrook and has limited impact for conveyancing in Drybrook 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 new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
We hope to to buy with Norwich and Peterborough Building Society. We have called around locally but cant to find a Drybrook conveyancing firm on the Norwich and Peterborough Building Society panel. Please you help?
Please do take advantage of the search tool on this page. Please choose the mortgage company and type Drybrook or your location and you will see a number of lawyer based in Drybrook or by proximity to you.
What is the difference between a licensed conveyancer and conveyancing solicitor in Drybrook
There are two types of lawyers who can do conveyancing in Drybrook namely CLC regulated conveyancers or solicitors. Both professionals handle the legal services that you need to complete the sale or purchase of property. Both are required to execute Drybrook conveyancing on similar standards and guidelines so you can be sure that your conveyancing will be properly carried out and that the necessary procedures will be appropriately adhered to.
I am due to move home in October. Should my conveyancing solicitor call the removal company on the completion day. Incidentally, can you suggest a removal company in Drybrook. Conveyancing firm was organised before I stumbled across your page.
On the day of completion you can collect the keys from the estate agent but this can only take place after the vendors conveyancers advise the agent that they have the completion monies and the keys can be collected. You should tell the removal men that you are ready to move in. We do not recommend a specific removal organisation but can assist you in locating a residential property solicitor in Drybrook or a solicitor that specialises in conveyancing in Drybrook.
I am expecting a OIP from Santander this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Santander recommend any Drybrook solicitors on the Santander conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Drybrook solicitors independently although you'll need to choose one on the Santander conveyancing panel. The solicitor represents both you and Santander through the process.
What does a local search inform me regarding the property we're buying in Drybrook?
Drybrook conveyancing often commences with the applying for local authority searches directly from your local Authority or via a personal search company for instance Xpress Legal The local search plays an important role in most Drybrook conveyancing purchase; that is if you wish to avoid any nasty once you have moved into your new home. The search should reveal data on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject headings.
Just had an offer accepted on a new build flat in Drybrook. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Drybrook
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please supply evidence that the form of Lease proposed has been approved by the Land Registry. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
Are there common problems that you see in leases for Drybrook properties?
There is nothing unique about leasehold conveyancing in Drybrook. All leases are drafted differently and legal mistakes in the legal wording can result in certain provisions are wrong. The following missing provisions could result in a defective lease:
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A provision to repair to or maintain parts of the premises Insurance obligations
A defective lease can cause problems when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. Yorkshire Building Society, Skipton Building Society, and Barclays Direct all have very detailed requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is defective they may refuse to provide security, obliging the purchaser to withdraw.
I am the registered owner of a 1st floor flat in Drybrook, conveyancing formalities finalised February 2002. Can you work out an approximate cost of a lease extension? Comparable flats in Drybrook with an extended lease are worth £202,000. The ground rent is £60 levied per year. The lease ceases on 21st October 2081
With 57 years unexpired we estimate the price of your lease extension to range between £28,500 and £33,000 plus legals.
The figure above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of detailed investigations. You should not use the figures in tribunal or court proceedings. There may be additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.