I own a freehold residence in Edgbaston but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Edgbaston and has limited impact for conveyancing in Edgbaston 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 establishment 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 post 2037 is to be dispensed with completely.
we are a couple who are hoping to buy a newly converted apartment in Edgbaston with a homeloan from Halifax.We have a Edgbaston conveyancing practitioner but Halifax advised that her practice is not on their approved list of member firms. It seems we are left with no choice but to instruct a Halifax panel firm or keep our preferred solicitor and fork out for a Halifax panel lawyer to act for them. We feel as though this is unjust; Can we not simply insist that Halifax use our lawyer?
Unfortunately,no. The home loan issued to you contains terms and conditions, a common one being that lawyers will be on the Halifax approved list. in the past, most mortgage companies had large numbers of solicitors on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for Halifax
What can a local search inform me regarding the house my wife and I purchasing in Edgbaston?
Edgbaston conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search company for example PSG The local search plays a central part in many a Edgbaston conveyancing purchase; that is if you don’t want any nasty once you have moved into your property. The search will provide information on, amongst other things, details on planning applications applicable to the property (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 topic sections.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on last month in what should have been a simple, chain free conveyancing. Edgbaston is where the house is located. Is there any guidance you can give?
Flying freeholds in Edgbaston are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Edgbaston you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Edgbaston may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
My business partner and I are wishing to take over a lease of an office on a shopping parade. Can you recommend solicitors offering no-sale-no costs for non-domestic conveyancing in Edgbaston for below 2k?
We can recommend firms who host a wealth of experience of commercial conveyancing in Edgbaston, including the sale and acquisition of businesses as well as simply property. If you are intending to buy or dispose of a shop, pub, restaurant, office, retail premises or a complete business we can find you the right solicitor. As for the charges these will vary based on the structure and heads of terms of the proposed transaction. Let us have your details or email so as to enable us to supply you with a fixed commercial conveyancing calculation.
I need to retain a conveyancing solicitor for my conveyancing in Edgbaston. I happened to chance upon a web site which appears to be the perfect answer If it is possible to get all this stuff completed via email that would be preferable. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?