I am the registered owner of a freehold property in Riding Mill but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Riding Mill and has limited impact for conveyancing in Riding Mill 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 creation of fresh rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
I am purchasing a property and need a conveyancing solicitor in Riding Mill who is on the Chelsea Building Society solicitor. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Chelsea Building Society in certain locations such as Riding Mill. We dont recommend any particular firm.
I require quick conveyancing in Riding Mill as I have an ultimatum to sign on the dotted line inside 2 weeks. A mortgage is not required. Is it possible to escape the need for conveyancing searches to save money and time?
As you are are a mortgage free buyer you have the choice not to do searches although no lawyer would advise that you don't. Drawing on years of experience of conveyancing in Riding Mill the following are instances of issues that can appear and therefore impact future saleability: Enforcement Notices, Outstanding Fees, Outstanding Grants, Unadopted Roads,...
Are there restrictive covenants that are commonly picked up as part of conveyancing in Riding Mill?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Riding Mill. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm refinancing my existing property to a buy to let loan with Santander and I will use the ballance of the raised equity as a deposit on another house. The location we are interested in is Riding Mill. Will your conveyancers be able to act for both sets of banks and link together the transactions?
Make use of our comparison tool on this site to be sure that the lawyers are approved by both mortgage companies. On the basis that they are your solicitor should be able to tie up the two deals but you should have a chat with you solicitor and make clear your expectations and needs.
What advice can you give us when it comes to choosing a Riding Mill conveyancing firm to carry out our lease extension conveyancing?
When appointing a conveyancer for lease extension works (regardless if they are a Riding Mill conveyancing practice) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We suggest that you make enquires with two or three firms including non Riding Mill conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions might be helpful:
-
What are the legal fees for lease extension conveyancing?
Leasehold Conveyancing in Riding Mill - Examples of Questions you should ask Prior to buying
-
For most Riding Mill leaseholds the cost for major works are not wrapped into the maintenance charges, albeit that a few managing agents in Riding Mill ask leasehold owners to contribute towards a sinking fund and this is used to offset against major repairs or maintenance. Are any of leasehold owners in dispute over their service charge payments? Please tell me if there are any major works anticipated that could add a premium to the maintenance costs?