I am the registered owner of a freehold house in Horsforth but still charged rent, why is this and what is this?
It’s unusual for properties in Horsforth and has limited impact for conveyancing in Horsforth 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 hundreds of years, but the Rent Charge Act 1977 barred the creation of fresh rentcharges post 1977.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
I have been recommended a conveyancing solicitor in Horsforth. I I would like to check if they are on the Nottingham Building Society approved list of lawyers. Can you advise?
The first thing to do is call the conveyancer and enquire if they can act for the bank. Otherwise please call Nottingham Building Society who may be able to confirm.
We are purchasing a house and the solicitor has referenced Chancel Repair for which the house could be liable as it falls into the area of such a church. He has recommended insurance. Is this strictly necessary for conveyancing in Horsforth
Unless a previous acquisition of the house completed post 12 October 2013 you could assume that lawyers delivering conveyancing in Horsforth to remain encouraging a chancel search and or insurance against a claim.
I am looking for a flat up to £235,500 and identified one round the corner in Horsforth I like with a park and station nearby, however it only has 49 years unexpired on the lease. I can't really find anything else in Horsforth for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you require a home loan that many years may be problematic. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you can request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.
My business partner and I are wishing to take an assignment of a lease of a shop on the high street. Can you recommend lawyers offering competitive charges for commercial conveyancing in Horsforth for below 1500k?
We are happy to recommend firms who have specialist knowledge of commercial conveyancing in Horsforth, including the sale and purchase of businesses as well as simply premises. Whether you are intending to buy or lease a shop, pub, restaurant, office, retail unit or a whole business we will put you in touch with the right solicitor. Regarding the charges this will depend on the structure and heads of terms of the proposed transaction. Let us have your contact information or call us so that we may furnish you with a detailed commercial conveyancing calculation.
Why is New Build conveyancing in Horsforth more expensive?
Acquiring a brand new home is significantly different from the standard house buying conveyancing in Horsforth. Firstly developers normally require contracts to exchange within a tight deadline, so there is a lot of pressure on your property lawyer to make sure everything is in order. In addition new build conveyancing often necessitate examination of adoption of highways, drains, planning considerations, building warranties or architects certificates. Bank requirements are also more demanding. Given the complex nature of the process for these types of properties, the conveyancing new build fees are higher than normal.