I purchased a freehold premises in Partington but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Partington and has limited impact for conveyancing in Partington 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 extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
Is it necessary during the course of the conveyancing process to visit the offices of the solicitor to sign the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Partington so that I can attend their offices when needed.
Whereas this was necessary 15 years ago, the vast majority mortgage companies no longer need their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID documents and there are still manifest advantages to choosing a locally based solicitor, in your case a conveyancing solicitor in Partington.
Will commercial conveyancing searches reveal impending roadworks that may impact a commercial land in Partington?
Many commercial conveyancing solicitors in Partington will execute a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in researching accurate data on highways that impact buildings and development assets in Partington. The search result provides definitive information 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 Partington.
For each commercial conveyancing transaction in Partington it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately may cause delays to Partington commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Partington.
I am looking for a flat up to £305k and found one round the corner in Partington I like with a park and railway links in the vicinity, however it's only got 49 remaining years left on the lease. There is not much else in Partington in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
If you need a home loan the shortness of the lease may be an issue. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least 2 years you could ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this.
As co-executor for the will of my grandfather I am disposing of a house in Neath but live in Partington. My solicitor (who is 260 kilometers awayrequires that I execute a stat dec prior to completion. Could you suggest a conveyancing practitioner in Partington to witness this legal document for me?
strictly speaking you should not be required to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will be fine regardless of whether they are Partington based
We are about to exchange buying a property in Partington but as a result of wreckage from the recent storms I have negotiated reparation from the seller of £2k in the form of a reduction in the price. This was going to be dealt with as part of the conveyancing process however the mortgage company will not permit this. Why were they informed?
Your conveyancer being on a mortgage company conveyancing panel is required to advise the mortgage company of any variations to the purchase figure. If you prohibit your conveyancer to notify the price change to your bank then they would need to refrain from representing you and the bank.