I own a freehold residence in Hampden Pk but nevertheless invoiced for rent, why is this and what is this?
It is rare for properties in Hampden Pk and has limited impact for conveyancing in Hampden Pk 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 from 1977 onwards.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
Do commercial conveyancing searches reveal proposed roadworks that could impact a commercial site in Hampden Pk?
Its becoming the norm that commercial conveyancing solicitors in Hampden Pk will conduct a SiteSolutions Highways report as it reduces the time that conveyancers spend in investigating accurate data on highways that impact buildings and development assets in Hampden Pk. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Hampden Pk.
For every commercial conveyancing transaction in Hampden Pk it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately may result in delays to Hampden Pk commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not ordered for domestic conveyancing in Hampden Pk.
I purchased my house on 14 September and the transaction details are still not registered. Should I be concerned? My conveyancing solicitor in Hampden Pk expressed confidence that it will be concluded in less than a month. Are properties in Hampden Pk uniquely lengthy to register?
There is nothing unique about conveyancing in Hampden Pk registration formalities. Rather than based on location, timeframes can adjust according to who lodges the application, whether it is in order and whether the Land registry communicate with any interested parties. At present approximately 80% of submission are completed in less than three weeks but some can be subject to longer delays. Registration takes place after the purchaser has moved in to the premises so 'speed' is not typically an essential issue yet where there is a degree of urgency associated with the registration then you or your lawyers could speak with the land registry and explain the circumstances.
I'm purchasing a new build house in Hampden Pk benefiting from help to buy. The developers refused to reduce the amount so I negotiated £7000 of additionals instead. The property agent suggested that I not to tell my conveyancer about this extras as it will impact my loan with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
What tools are available to search for a Hampden Pk solicitor on the Chelsea Building Society conveyancing panel? I drive a motor bike and am happy to travel upto 10miles to meet the lawyer.
Feel free to make use of the facility on this page. Please choose the bank and your location and you will see a number of Hampden Pk conveyancing lawyers located nearest you. We have listed some Hampden Pk conveyancing firms towards the end of this page and you can call them to see whether they are on the Chelsea Building Society member panel
I am a negotiator for a long established estate agent office in Hampden Pk where we see a number of leasehold sales derailed as a result of leases having less than 80 years remaining. I have been given contradictory information from local Hampden Pk conveyancing firms. Could you clarify whether the owner of a flat can instigate the lease extension process for the buyer?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the sale.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I acquired a 1st floor flat in Hampden Pk, conveyancing having been completed April 2009. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent properties in Hampden Pk with a long lease are worth £197,000. The ground rent is £55 per annum. The lease ceases on 21st October 2081
With only 55 years remaining on your lease we estimate the price of your lease extension to be between £31,400 and £36,200 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. Do not use this information in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.