I own a freehold house in Grange Over Sands but still charged rent, why is this and what is this?
It’s unusual for properties in Grange Over Sands and has limited impact for conveyancing in Grange Over Sands 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 establishment of new rentcharges post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
If you had a top tip for choosing a conveyancing solicitor in Grange Over Sands what would it be?
We would encourage you not to base your choice on the cheapest Grange Over Sands conveyancing costs illustration. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of the deal.
I am buying a terrace house in Grange Over Sands. Our aim is to convert the garage to an office at the house.Will the conveyancing process include investigations to determine if these alterations are allowed?
Your solicitor will check the deeds as conveyancing in Grange Over Sands will sometimes reveal restrictions in the title documents which restrict certain changes or need the consent of a 3rd party. Many works require local authority planning consent and approval under the building regulations. Some locations are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. It would be prudent to check these issues with a surveyor prior to committing yourself to a purchase.
Bank of Ireland have agreed my mortgage in principle, my bid on a property in Grange Over Sands has been accepted, what happens next?
The property agent will wish to know who your solicitors are (ensure that the lawyers are on the lender’s panel). Contact Bank of Ireland or your broker and complete any appropriate forms. Bank of Ireland will sellect a valuer who will get in touch with the selling agent or vendor to schedule an appointment. Once carried out (assuming no problems) it takes on average a week to receive the mortgage offer. Bank of Ireland will send the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Grange Over Sands.
4 months have gone by following my purchase conveyancing in Grange Over Sands took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I have been on the look out for a ground for flat up to £245,000 and found one round the corner in Grange Over Sands I like with a park and station in the vicinity, however it's only got 52 remaining years left on the lease. There is not much else in Grange Over Sands suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a home loan that many years will be an issue. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least twenty four months you can request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.
What does commercial conveyancing in Grange Over Sands cover?
Non domestic conveyancing in Grange Over Sands incorporates a wide range of advice, supplied by qualified solicitors, relating to business premises. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
Finally our conveyancing in Grange Over Sands completes on Friday, however the owners I am buying from has asked to move out the next day at PM. Should I agree to this?
You can't complete on a Saturday because the bank systems aren't working.