I am the registered owner of a freehold property in Washwood Heath but still pay rent, why is this and what is this?
It is rare for properties in Washwood Heath and has limited impact for conveyancing in Washwood Heath 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.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
We are hoping to buy a purpose built flat in Washwood Heath with a residential mortgage from The Mortgage Works.We use our Washwood Heath conveyancing lawyer but The Mortgage Works informed us his firm is not on their approved list of firms. We have to appoint a The Mortgage Works panel lawyer or retain our high street solicitor and pay for a The Mortgage Works panel lawyer to represent them. This seems very unfair; is there anything we can do?
No, not really. The home loan offered to you is subject to its terms and conditions, a common one being that conveyancers must be on the The Mortgage Works approved list. in the past, most banks had large numbers of solicitors on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for The Mortgage Works
I am looking for a leasehold apartment up to £305k and identified one near me in Washwood Heath I like with a park and railway links in the vicinity, the downside is that it only has 49 years unexpired on the lease. There is not much else in Washwood Heath for this price, so just wondered if I would be making a grave error buying a short lease?
Should you need a home loan the shortness of the lease will be a potential deal breaker. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of 2 years you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.
Are there any apps to assist me to search for a Washwood Heath law firm on the Chelsea Building Society conveyancing panel? I have wheels and am willing to travel upto 25miles to meet the solicitor.
Feel free to make use of the tool on this page. Please select a bank and your location and you will see a number of Washwood Heath conveyancing lawyers based on proximity. We have detailed some Washwood Heath conveyancing firms towards the end of this page and you can call them to check if they are on the Chelsea Building Society panel
In surfing the web for the words conveyancing in Washwood Heath it shows results of numerous conveyancerslocally. How do I determine which is the right property lawyer for my move?
The ideal way of seeking a suitable conveyancer is through a personal testimonial, so ask colleagues and family who have acquired a property in Washwood Heath or the respected estate agent or financial adviser. Costs for conveyancing in Washwood Heath differ, so it's advisable to obtain at least four fee calculations from varying types of solicitors. Make sure that you know that the fees are fixed.
Would local authority permission be necessary to split a house into two flats in Washwood Heath? This has occurred to a property opposite to my house in Washwood Heath and was not aware of it happening until the works were complete.
Planning Permission yes. Building Regulations yes.