I am the registered owner of a freehold residence in Winslow but nevertheless charged rent, why is this and what is this?
It is rare for properties in Winslow and has limited impact for conveyancing in Winslow 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 fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
I am assisting my sister sell her house in Winslow. Does the conveyancer commission the energy performance certificate or should I organise this?
Following the abolition of HIPs, EPC’s remained a required part of selling a house. An EPC needs to be to hand prior to the property being marketed. It is not a task that conveyancers ordinarily arrange. Where you are instructing a Winslow conveyancing solicitor they may be able to arrange EPC’s due to their relationships with reputable Winslow assessors
Is it the case that all Winslow conveyancing solicitors on the Clydesdale conveyancing panel are overseen by the SRA?
As a firm of solicitors, in order to be on the Clydesdale approved list of solicitors they would need to be overseen by the SRA. Many banks do permit licenced conveyancers on their panel in which case such firms would be governed by the Council of Licensed Conveyancers.
Planning on purchasing a apartment in Winslow. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Bank of Ireland conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Winslow conveyancer is on the Bank of Ireland conveyancing panel.
What will a local search reveal concerning the house I am purchasing in Winslow?
Winslow conveyancing often commences with the ordering local authority searches directly from your local Authority or through a personal search company such as Onsearch The local search is essential in every Winslow conveyancing purchase; that is if you don’t want any unpleasant once you have moved into your property. The search will provide 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 thirteen topic sections.
I've recently found out that there is a flying freehold element on a house I put an offer in last month in what was supposed to be a simple, chain free conveyancing. Winslow is where the house is located. What do you suggest?
Flying freeholds in Winslow are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Winslow you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Winslow may decide 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 property.
As co-executor for the will of my uncle I am disposing of a property in Neath but live in Winslow. My conveyancer (who is 200 kilometers from merequires that I execute a stat dec before completion. Can you recommend a conveyancing practitioner in Winslow who can witness and place their company stamp on the document?
Technically speaking you should not need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will suffice regardless of whether they are Winslow based
I am looking at a two apartments in Winslow which have in the region of forty five years unexpired on the lease term. Will this present a problem?
There are plenty of short leases in Winslow. The lease is a legal document that entitles you to use the premises for a prescribed time frame. As a lease shortens the value of the lease reduces and it becomes more expensive to extend the lease. This is why it is often a good idea to increase the term of the lease. Sometimes it is difficult to sell a property with a short lease because mortgage lenders may be reluctant to lend money on properties of this type. Lease enfranchisement can be a difficult process. We advise that you get professional help from a conveyancer and surveyor with experience in this area.
Winslow Conveyancing for Leasehold Flats - A selection of Queries before Purchasing
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Its a good idea to discover as much as you can regarding the managing agents as they will affect your use and enjoyment of the property. As the proprietor of a leasehold property you are frequently in the clutches of the managing agents from a financial perspective and when it comes to practical issues such as the tidiness of the communal areas. You should not be afraid to ask prospective neighbours what they think of them. Finally, find out the dates that the maintenance fees are due to the managing agents and precisely what you get for your money. The answer will be helpful as a) areas could result in problems for the block as the communal areas may begin to deteriorate if repairs remain unpaid b) if the leaseholders have an issue with the running of the building you will need to know about it The best form of lease arrangement is where the freehold interest is in the ownership of the leaseholders. In this scenario the leaseholders benefit from control and even though a managing agent is frequently retained where the building is bigger than a house conversion, the managing agent retained by the leaseholders.