I own a freehold property in Rothley but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Rothley and has limited impact for conveyancing in Rothley 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 generation of fresh 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 in 2037 is to be extinguished.
Me and my brother have a semi-detached Victorian house in Rothley. Conveyancing lawyer acted for me and The Mortgage Works. I did a free Land Registry search last week and there are a couple of entries: one for freehold, the second leasehold with the exact same property. I thought I was buying a freehold how can I check?
You should read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Rothley and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with your conveyancing practitioner who completed the work.
The estate agent has sent us the confirmation of our purchase of a new build flat in Rothley. 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.
Here is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Rothley
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. There must be mutual enforceability of lessee’s covenants. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. 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.
Due to the advice of my in-laws I had a survey completed on a house in Rothley prior to retaining solicitors. I have been advised that there is a flying freehold aspect to the property. My surveyor has said that some banks may not grant a mortgage on such a premises.
It varies from the lender to lender. Bank of Scotland has different requirements from Birmingham Midshires. If you contact us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Rothley. Conveyancing will be smoother if you use a solicitor in Rothley especially if they are familiar with such properties in Rothley.
I need to instruct a conveyancing solicitor for leasehold conveyancing in Rothley. I happened to land on a site which seems to have the ideal offering If there is a chance to get all formalities done via web that would be ideal. Should I be concerned? What should out be looking out for?
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?
Been on the hunt for a conveyancing practitioner for freehold sale conveyancing in Rothley. I'm selling, simple no mortgage to redeem, no rush, no onward purchase. Got an estimate from a property lawyer for nine hundred pounds excluding VAT which is a tad steep considering its so straightforward. Can I pay less for conveyancing in Rothley?
Considering it’s a sale only, 475 + VAT is likely to be about the best for sale conveyancing in Rothley.