I am the registered owner of a freehold residence in Westhoughton yet pay rent, why is this and what is this?
It is rare for properties in Westhoughton and has limited impact for conveyancing in Westhoughton 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 creation of new rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
My husband and I are buying a newly converted apartment in Westhoughton with a homeloan from Britannia.We use our Westhoughton conveyancing practitioner but Britannia informed us he's not listed on their "panel". we are left little option but to use a Britannia panel firm or retain our local solicitor and fork out for a Britannia panel lawyer to act for them. We feel as though this is unjust; is there anything we can do?
Unfortunately,no. The home loan issued to you contains terms and conditions, one of which will be that lawyers will be on the Britannia solicitor panel. Until recently, most banks had large numbers of law firms on their panels: a borrower could choose 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. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Britannia
Will commercial conveyancing searches reveal proposed roadworks that may impact a commercial property in Westhoughton?
Its becoming the norm that commercial conveyancing solicitors in Westhoughton will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Westhoughton. The search result 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 Westhoughton.
For every commercial conveyancing transaction in Westhoughton it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately could result in delays to Westhoughton commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not conducted for domestic conveyancing in Westhoughton.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in last month in what was supposed to be a quick, no chain conveyancing. Westhoughton is the location of the property. What do you suggest?
Flying freeholds in Westhoughton are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Westhoughton you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Westhoughton may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Are there any apps to assist me to search for a Westhoughton solicitor on the Platform Home Loans Ltd conveyancing panel? I drive a motor bike and am willing to travel upto 10miles to meet the conveyancer.
You can use the facility on this website. Please select a lender and your location and you will see a number of Westhoughton conveyancing lawyers located nearest you. We have detailed some Westhoughton conveyancing firms towards the end of this page and you can ring them to see if they are on the Platform Home Loans Ltd panel
Looking forward to exchange soon on a studio apartment in Westhoughton. Conveyancing lawyers have said that they are sending me a report on Monday. What should I be looking out for?
Your report on title for your leasehold conveyancing in Westhoughton should include some of the following:
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Responsibility for repairing the window frames Ground rent - what is due and what the invoice dates are, and also know whether this is subject to change Are pets allowed in the flat? It needs to be made clear to you whether the lease allows you to change or improve anything in the property- you should be made aware as to whether any restrictions applies to all alterations or just structural alteration, and whether permission is mandated necessary Repair and maintenance of the premises
Leasehold Conveyancing in Westhoughton - A selection of Queries Prior to Purchasing
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Is the freehold reversion owned jointly by the leaseholders? Be sure to find out if the the lease includes any onerous restrictions in the lease. By way of example it is very common in Westhoughton leases that pets are not allowed in certain buildings in Westhoughton. If you like the propertyin Westhoughton but your cat is not allowed to make the move with you then you will be presented with a hard compromise.