I purchased a freehold property in Upminster Bridge but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Upminster Bridge and has limited impact for conveyancing in Upminster Bridge 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 post 1977.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
We are expecting a mortgage offer soon. The lender mentioned the mortgage came with free conveyancing. Does this mean I have to use their panel conveyancer as I would prefer to appoint a local conveyancing solicitor in Upminster Bridge?
You should check but the the likelihood is that allocate you one of their panel lawyers should you accept the "fee-free" deal. Contact the lender and check if they offer you a cash alternative. Some lenders have previously offered a £250 cashback as an alternative in which case that money can go towards your preferred conveyancing solicitor near Upminster Bridge.
What can a local search tell me about the property my wife and I buying in Upminster Bridge?
Upminster Bridge conveyancing often starts with the ordering local authority searches directly from your local Authority or through a personal search organisations such as Onsearch The local search is essential in every Upminster Bridge conveyancing purchase; that is if you don’t want any nasty once you have moved into your property. The search will supply data on, amongst other things, details on planning applications applicable 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 13 subject sections.
I am looking for a conveyancing practitioner in Upminster Bridge for my house move. Can I review a firm’s record with the legal regulator?
You can read published Solicitor Regulator Association (SRA) determinations stemming from investigations started on or after Jan 2008. Go to Check a solicitor's record. To find details about the period before 1 January 2008, or to check a solicitors record, 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 may recorded call for training reasons.
We expect to complete the sale of our £200,000 garden flat in Upminster Bridge next Friday. The managing agents has quoted £312 for Landlord’s certificate, building insurance schedule and 3 years service charge statements. Is the landlord entitled to charge an administration fee for a flat conveyance in Upminster Bridge?
Upminster Bridge conveyancing on leasehold maisonettes ordinarily involves administration charges raised by managing agents :
Addressing conveyancing due diligence enquiries
Where consent is required before sale in Upminster Bridge
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Following months of negotiations we cannot agree with our landlord on how much the lease extension should cost for our flat in Upminster Bridge. Can we issue an application to the Residential Property Tribunal Service?
You certainly can. We can put you in touch with a Upminster Bridge conveyancing firm who can help.
An example of a Lease Extension decision for a Upminster Bridge flat is 37 Lodge Court High Street in November 2013. the decision of the LVT was that the premium to be paid for the new lease was £25,559 This case related to 1 flat. The remaining number of years on the lease was 57.5 years.
I am just shy of a 10% deposit on my house purchase in Upminster Bridge , but I am anxious exchange. Do I have options?
You can agree a lesser deposit. Most vendors will accept a smaller deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last moment