I own a freehold premises in Seaforth but still pay rent, why is this and what is this?
It’s unusual for properties in Seaforth and has limited impact for conveyancing in Seaforth 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 many centuries, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
What does a local search inform me regarding the house I am buying in Seaforth?
Seaforth conveyancing often commences with the ordering local authority searches directly from your local Authority or through a personal search company such as PSG The local search plays an important role in most Seaforth conveyancing purchase; as long as you don’t want any nasty surprises after you move into your new home. The search will supply information on, amongst other things, details on planning applications relevant to the premises (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 thirteen subject sections.
Have purchased a a semi-detached house in Seaforth , What is the estimated time for the Land Registry to record my title? My Seaforth conveyancing solicitor works at snail pace, so I want to check the registration is dealt with.
There is nothing unique when it comes to conveyancing in Seaforth registration formalities. Rather than based on location, timescales can differ depending on the party submitting the application, whether there are errors and whether the Land registry communicate with any other parties. As of today approximately 80% of submission are fully addressed within two weeks but some can be subject to extensive hold-ups. Registration takes place once the buyer is living at the premises thus an expedited registration is not always an essential issue but if there is a degree of urgency associated with the registration then you or your solicitor could communicate with the Registry to express the reasoning for an expedited registration.
I am looking for a ground for flat up to £195,000 and found one near me in Seaforth I like with amenity areas and transport links in the vicinity, however it's only got 61 years on the lease. I can't really find anything else in Seaforth in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
Should you need a home loan the shortness of the lease will likely be an issue. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
I am looking into buying my first house which is in Seaforth and I am already nervous. I couldn't find anything specific about Seaforth. Conveyancing will be needed in due course but do you know about the Seaforth area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Seaforth. In the meantime here are some basic statistics that we found
My father-in-law has suggested that I use his conveyancing solicitors in Seaforth. Should I use them?
There are no two ways about it the best way to choose a conveyancing lawyer is to have feedback from friends or relatives who have actually experience in using the conveyancer that you are contemplating using.