I own a freehold house in Kings Heath but nevertheless charged rent, why is this and what is this?
It is rare for properties in Kings Heath and has limited impact for conveyancing in Kings Heath 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 creation of new rentcharges post 1977.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
A colleague suggested that where I am purchasing in Kings Heath I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is occasionally quoted for as part of the standard Kings Heath conveyancing searches. It is a large document of about 40 pages, listing and setting out significant information about Kings Heath around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with maps and statistics, Local Amenities and other useful data concerning Kings Heath.
I am purchasing a new build house in Kings Heath benefiting from help to buy. The developers would not reduce the amount so I negotiated £7000 of extras instead. The estate agent suggested that I not inform my solicitor about this deal as it may adversely affect my mortgage with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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.
My company is planning to lease a unit on the high street. Can you recommend lawyers offering no-move-no costs for non-domestic conveyancing in Kings Heath for under £2000?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Kings Heath, including the sale and purchase of businesses as well as simply property. Whether you are hoping to acquire or lease a shop, pub, restaurant, office, retail premises or a complete business we can find you the right solicitor. Regarding the charges these will vary based on the structure and nuances of the deal. Let us have your contact information or telephone so as to enable us to furnish you with a fixed commercial conveyancing calculation.
I need to retain a conveyancing solicitor for purchase conveyancing in Kings Heath. I have stumble upon a site which seems to have the ideal offering If it is possible to get all formalities done via email that would be preferable. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Can you offer any advice when it comes to choosing a Kings Heath conveyancing practice to carry out our lease extension conveyancing?
When appointing a conveyancer for lease extension works (regardless if they are a Kings Heath conveyancing practice) it is most important that they be familiar with the legislation and specialises in this area of conveyancing. We advise that you talk with several firms including non Kings Heath conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be of use:
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If the firm is not ALEP accredited then what is the reason? How familiar is the practice with lease extension legislation?
I own a ground floor flat in Kings Heath, conveyancing formalities finalised in 2012. How much will my lease extension cost? Corresponding flats in Kings Heath with an extended lease are worth £202,000. The ground rent is £60 invoiced every year. The lease ends on 21st October 2083
You have 57 years remaining on your lease we estimate the premium for your lease extension to be between £28,500 and £33,000 as well as plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. There may be other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.