I purchased a freehold residence in Merseyside but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Merseyside and has limited impact for conveyancing in Merseyside 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 hundreds of years, but the Rent Charge Act 1977 barred the creation of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
There is lots of here concerning conveyancing in Merseyside but can you isolate your top tip for appointing the right conveyancer in Merseyside
It would be unwise to be tempted by the cheapest Merseyside conveyancing costs illustration. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
I have a mortgage with Co-operative for my property in Merseyside. Conveyancing was finalised a year ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Co-operative?
You must advise Co-operative prior to renting your property as this is likely to be a breach of Co-operative’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Co-operative directly. It should not be necessary to do this via a Co-operative conveyancing panel lawyer.
I am due to exchange contracts on my house. I had a double glazing fitted in September 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Coventry BS are being problematic. The Merseyside solicitor who is on the Coventry BS conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Coventry BS are requiring a building regulation certificate. Why do Coventry BS have a conveyancing panel if they don't accept advice from them?
It is probably the case that Coventry BS have referred the matter to their valuer. The reason why Coventry BS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Due to the input of my in-laws I had a survey completed on a property in Merseyside ahead of retaining solicitors. I have been told that there is a flying freehold element to the house. My surveyor advised that some banks tend not grant a mortgage on this type of home.
It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. Should you wish to call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Merseyside. Conveyancing will be smoother if you use a solicitor in Merseyside especially if they regularly deal with such properties in Merseyside.
What is different about your site and alternative online quote calculators for conveyancing in Merseyside?
At this site receive a fixed fee costs illustration via a Solicitor or Licensed Conveyancer that has a full understanding of the issues for your conveyancing in Merseyside. As opposed to estate agents and brokerage sites we do not have referral deals with solicitors. A large number of agents and online brokers 'recommend' solicitors who pay the highest commission, not the best value conveyancing in Merseyside
My father-in-law has suggested that I use his lawyers for conveyancing in Merseyside. Should I choose my own conveyancer?
Much as we are happy to recommend a Merseyside conveyancing lawyer the best way to choose a conveyancing lawyer is to get recommendations from friends or family who have actually experience in using the solicitor you're are thinking of instructing.
Midway through the sale of a leasehold flat in Merseyside. Conveyancing lawyers are doing their job but we have been asked to pay an extortionate amount by the managing agents. So far we have forked out £295.50 for a leasehold management pack and then another £200 plus VAT for responses to queries supplied by the purchaser's solicitor.
You will not have any say over the level of the bill for this information however the typical fee for the information for Merseyside leasehold property is £355. For Merseyside conveyancing deals it is conventional for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions although many will be content to do so - albeit often at high prices out of proportion to the work involved. Regretfully there is no statute that mandates fixed charges for administrative tasks. There is no set time frame by which they are obliged to provide answers.