I purchased a freehold property in Seaham but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Seaham and has limited impact for conveyancing in Seaham 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 many centuries, but the Rent Charge Act 1977 barred the generation of new rentcharges post 1977.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
Despite weeks of looking the Title Certificate and documents to our property are lost. The conveyancers who did the conveyancing in Seaham 10 years ago are no longer around. What are my next steps?
As long as the title is registered the details of your ownership will be recorded by HMLR with a Title Number. It is possible to conduct a search at the Land Registry, find your house and order up to date copies of the property title for a small fee. Where the property is Leasehold then the Land Registry will in most cases hold a file duplicate of the Registered Lease and again, a copy can be obtained for twenty pounds.
I am looking into buying my first house which is in Seaham and I am already nervous. I couldn't find anything specific about Seaham. Conveyancing will be needed in due course but do you know about the Seaham area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Seaham. In the meantime here are some basic statistics that we found
I am thinking of appointing a conveyancing practitioner in Seaham for my house move. Can I review a firm’s complaints history with the profession’s regulator?
Anyone can read presented Solicitor Regulator Association (SRA) determinations resulting from investigations started on or after 1 January 2008. Visit Check a solicitor's record. For information about the period before 1 January 2008, or to check a firm's history, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, use +44 (0)121 329 6800. The SRA sometimes monitor telephone calls for training requirements.
I own a leasehold house in Seaham. Conveyancing and Virgin Money mortgage are in place. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1996. The conveyancing practitioner in Seaham who acted for me is not around. What should I do?
First make enquiries of HMLR to make sure that this person is indeed the new freeholder. There is no need to instruct a Seaham conveyancing lawyer to do this as you can do this on the Land Registry website for £3. You should note that regardless, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I purchased a leasehold flat in Seaham, conveyancing was carried out half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar properties in Seaham with an extended lease are worth £185,000. The ground rent is £65 yearly. The lease terminates on 21st October 2082
You have 60 years left to run we estimate the premium for your lease extension to span between £20,000 and £23,000 plus legals.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive investigations. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.
For various reasons I am unable to be present at my Seaham conveyancing solicitors office to sign documents connected to my conveyancing in Seaham – will this be an issue?
You need not be concerned. Seaham conveyancing lawyers can deal with home moves for clients across the country. It is not necessary for you to be able to meet your lawyer in the flesh at a Seaham conveyancers office. They can undertake everything through post, email, telephone and fax.