I purchased a freehold premises in Locks Heath but nevertheless charged rent, why is this and what is this?
It is rare for properties in Locks Heath and has limited impact for conveyancing in Locks 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 have existed for many centuries, but the Rent Charge Act 1977 barred the generation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
Me and my partner are purchasing a house in Locks Heath. It might be a silly question but how we can trust a solicitor? On the day of competition we have to deposit money into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I have been advised by my solicitor that chancel insurance is required on my purchase. What is the level of cover for Locks Heath conveyancing?
The right level of chancel indemnity insurance depends on your lender. It would differ for example between HSBC Bank and Barnsley Building Society. Conveyancing solicitors as opposed to borrowers take out such policies.
Does a directory service exist listing Aldermore panel solicitors in Locks Heath on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such directory service on the Council of Mortgage Lenders or Building Society Association sites. A small selection of banks make their panel listings viewable online. Where you are in need of a Locks Heath property lawyer on the Aldermore please use our tool.
What can a local search inform me about the property I am buying in Locks Heath?
Locks Heath conveyancing often starts with the submitting local authority searches directly from your local Authority or through a personal search organisations for example Xpress Legal The local search is essential in every Locks Heath conveyancing purchase; that is if you wish to avoid any nasty once you have moved into your new home. The search should reveal information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject headings.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Locks Heath. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Locks Heath
Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. There must be mutual enforceability of lessee’s covenants. Forfeiture - bankruptcy or liquidation must not apply under this provision.
How does the Landlord & Tenant Act 1954 affect my business premises in Locks Heath and how can your lawyers assist?
The 1954 Act affords protection to commercial lessees, granting the legal entitlement to make a request to court for a renewal lease and remain in occupation when the lease comes to an end. There are limited grounds where a landlord can refuse a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing firms who use the act for protection and assist with commercial conveyancing in Locks Heath
I need to find a bank panel solicitor in Locks Heath. Can you assist?
It is not clear why you need a Locks Heath panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the mortgage company to find out which solicitors in Locks Heath are on their panel . If you do find such a firm in Locks Heath not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site