I am the registered owner of a freehold house in Skegness yet charged rent, why is this and what is this?
It’s unusual for properties in Skegness and has limited impact for conveyancing in Skegness 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 lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
I am the only beneficiary of my late mum's estate with all property in now in my sole name, including the house in Skegness. The Skegness property was put into my name in August. I now wish to sell up. I understand that there is a Mortgage Lenders 6 month 'rule', which means that my proprietorship could be regarded the same way as though I had purchased the house in August. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be caught by that. Most banks would take a pragmatic view as this requirement primarily exists to capture subsales or the quick reselling of properties.
Last month we had a mortgage agreed in principle with Aldermore. Skegness conveyancing solicitors were appointed. How long does it take for Aldermore to issue the offer to the solicitor?
There is no definitive answer here. Have Aldermore completed the valuation? Have you advised Aldermore as to your lawyers' details and checked that your lawyers are on the Aldermore conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I have today made my last payment due on my mortgage with Coventry BS. I assume I don't need a Skegness lawyer on the Coventry BS panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Coventry BS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Coventry BS mortgage from the register. Coventry BS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Coventry BS has sent the Land Registry the discharge electronically, and
- Coventry BS has instructed the Land Registry to do so
Will commercial conveyancing searches reveal planned roadworks that could affect a commercial premises in Skegness?
Many commercial conveyancing solicitors in Skegness will execute a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in looking into accurate data on highways that impact buildings and development assets in Skegness. The report 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 Skegness.
For every commercial conveyancing transaction in Skegness it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately can cause delays to Skegness commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Skegness.
The deeds to my house can not be found. The solicitors who dealt with the conveyancing in Skegness 10 years ago no longer exist. What are my options?
Nowadays there are duplicates made of almost everything, and your solicitor should know exactly where to locate all the relevant documentation so you may buy or dispose of your property without a hitch. If duplicates are not available, your lawyer can put in place insurance or indemnities protecting you against possible claims on the premises.
Planning to sign contracts shortly on a ground floor flat in Skegness. Conveyancing lawyers inform me that they report fully tomorrow. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Skegness should include some of the following:
What remedies are open the freeholder should you are in breach of your lease terms? Whether the landlord has obligations to ensure rights of quiet enjoyment over your premises and do you know what it means in practice? You should know if the lease allows you to change or upgrade aspects of the property- you must know whether it applies to all alterations or just structural alteration, and whether licences for alterations is required What you can do if another leaseholder in the building is in violation of a provision in their lease? Setting out your legal entitlements in respect of common areas in the block.E.G., does the lease include a right of way over an accessway or staircase?
I acquired a split level flat in Skegness, conveyancing formalities finalised in 2000. 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 flats in Skegness with an extended lease are worth £211,000. The ground rent is £45 invoiced every year. The lease ceases on 21st October 2087
With only 67 years remaining on your lease the likely cost is going to span between £10,500 and £12,000 as well as professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.
What type of property do your Skegness conveyancing quotes apply to?
The quotes provided are only appropriate to standard domestic homes in England & Wales. Where you have any different requirements for instance industrial or agricultural property or commercial conveyancing in Skegness please contact us to consider your requirements .