I own a freehold residence in Ivybridge but still charged rent, why is this and what is this?
It is rare for properties in Ivybridge and has limited impact for conveyancing in Ivybridge 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 generation of new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
Will commercial conveyancing searches reveal proposed roadworks that may affect a commercial land in Ivybridge?
Its becoming the norm that commercial conveyancing solicitors in Ivybridge will execute a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in investigating accurate data on highways that impact buildings and development assets in Ivybridge. The report provides 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 Ivybridge.
For every commercial conveyancing transaction in Ivybridge it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately could cause delays to Ivybridge commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not ordered for residential conveyancing in Ivybridge.
I used Wolstenholmes a few years past for my conveyancing in Ivybridge. I now require my papers however cannot find the solicitor. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Ivybridge of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am looking for a leasehold apartment up to £245,000 and found one round the corner in Ivybridge I like with amenity areas and transport links nearby, the downside is that it's only got 52 years on the lease. There is not much else in Ivybridge for this price, so just wondered if I would be making a grave error buying a short lease?
If you need a home loan the shortness of the lease will be problematic. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least 2 years you can ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.
How do I search for a Ivybridge solicitor on the The Royal Bank of Scotland conveyancing panel? I have a car and am prepared to travel upto 25kilometers to meet the conveyancer.
Feel free to make use of the tool on this website. Please choose the lender and your location and you will see a number of Ivybridge conveyancing lawyers based on proximity. We have listed some Ivybridge conveyancing firms towards the end of this page and you can ring them to check whether they are on the The Royal Bank of Scotland panel
Can you offer any advice when it comes to finding a Ivybridge conveyancing practice to carry out our lease extension conveyancing?
When appointing a conveyancer for your lease extension (regardless if they are a Ivybridge conveyancing firm) it is most important that they be familiar with the legislation and specialises in this area of work. We suggest that you make enquires with several firms including non Ivybridge conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions could be useful:
What volume of lease extensions have they conducted in Ivybridge in the last year?
Ivybridge Leasehold Conveyancing - Sample of Questions you should consider before buying
This question is important as a) areas may result in problems in the building as the communal areas may begin to deteriorate where services remain unpaid b) if the leaseholders have an issue with the managing agents you will want to have complete disclosure The best form of lease structure is a share of the freehold. In this arrangement the leaseholders benefit from being in charge if their destiny and even though a managing agent is frequently retained if it is larger than a house conversion, the managing agent acts for the leaseholders themselves. How is the lease structured?