I own a freehold residence in Frizington yet invoiced for rent, why is this and what is this?
It is rare for properties in Frizington and has limited impact for conveyancing in Frizington 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 generation of fresh 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 in 2037 will be dispensed with completely.
We are planning to purchase with Coventry BS. I visited 3 or 4 high street companies but cant to find a Frizington conveyancing firm on the Coventry BS panel. Can you help?
Feel free to make use of the search tool on this site. Please choose the mortgage company and type Frizington or your preferred area and you will discover numerous conveyancers located in Frizington or by proximity to you.
I appreciate that there are debates on Chancel Insurance on online forums. Am I compelled to have this when purchasing a house in Frizington? or Apparently there is a law dating back centuries that means some house owners residing in a parish church boundary may be liable to pay for repairs to the chancel in proximity to the church. Is this suitable for conveyancing in Frizington?
Unless a prior acquisition of the house completed post 12 October 2013 you could expect lawyers handling conveyancing in Frizington to continue to propose a a chancel search and or chancel repair liability insurance.
I am looking for a flat up to £245,000 and identified one near me in Frizington I like with a park and railway links nearby, the downside is that it only has 51 years on the lease. There is not much else in Frizington suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you need a mortgage the shortness of the lease will likely be problematic. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of 2 years you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.
Given that I am about to spend over three hundred thousand on a garden flat in Frizington I wish to have a conversation with the lawyer concerning thehome move before appointing the firm. Is this something that you can arrange?
Absolutely - it is our preference to talk to you we do not take any clients on without you liaising with the conveyancer who will be carrying out your conveyancing in Frizington.There is no ‘factory style conveyancing’ - every client is an important person, not a case number. The law firms that we put you in touch with believe that the fees you are quoted for residential conveyancing in Frizington should be the amount on the final invoice that you are charged.
I own a leasehold house in Frizington. Conveyancing and Bank of Ireland mortgage organised. A letter has just been received from someone saying they have taken over the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1993. The conveyancing practitioner in Frizington who acted for me is not around. Do I pay?
First make enquiries of HMLR to make sure that this person is in fact the new freeholder. You do not need to instruct a Frizington conveyancing firm to do this as you can do this on the Land Registry website for less than a fiver. You should note that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Frizington Leasehold Conveyancing - A selection of Queries before Purchasing
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The best form of lease arrangement is if the freehold title is in the ownership of the leaseholders. In this situation the leaseholders benefit from being in charge if their destiny and notwithstanding that a managing agent is frequently employed where it is bigger than a house conversion, the managing agent is directed by the tenants. Does the lease contain onerous restrictions? Are there any major works in the planning that will likely add a premium to the maintenance charges?