I purchased a freehold premises in Aberdovey but still invoiced for rent, why is this and what is this?
It’s unusual for properties in Aberdovey and has limited impact for conveyancing in Aberdovey 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 establishment of new 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.
What is the optimum way to find out if the solicitor handling my conveyancing in Aberdovey is on the mortgage lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Leeds Building Society thus paying £192.00 in another set of legal bill.
You should take advantage of the find a conveyancing panel solicitor tool on this site. Pick the lender and type ‘Aberdovey’ or your location and you will see numerous solicitors based in Aberdovey or by proximity to you.
Have purchased a a semi-detached house in Aberdovey , What is the estimated time for the Land Registry to record my ownership? My Aberdovey conveyancing solicitor works at snail pace, so I want to check the registration is addressed.
There is nothing unique when it comes to conveyancing in Aberdovey registration formalities. Rather than based on location, timeframes can differ according to who lodges the application, whether there are errors and whether the Land registry need to notify any 3rd persons or bodies. At present roughly 80% of submission are fully dealt with in less than three weeks but some can be subject to longer hold-ups. Registration is effected after the new owner has moved in to the premises therefore an expedited registration is not always top priority yet where there is a degree of urgency associated with the registration then you or your conveyancer must contact the land registry and explain the circumstances.
I am purchasing a new build house in Aberdovey with a loan from Barnsley Building Society. The developers refused to reduce the price so I negotiated 6k of additionals instead. The property agent advised me not to tell my solicitor about this deal as it would affect my loan with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
How can the Landlord & Tenant Act 1954 affect my commercial offices in Aberdovey and how can you help?
The particular law that you refer to provides protection to business leaseholders, giving them the legal entitlement to make a request to court for a renewal tenancy and continue in occupation at the end of the lease term. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and help with commercial conveyancing in Aberdovey
Would local authority permission be necessary to split a single dwelling into a couple of flats in Aberdovey? This has occurred to a property next door to my house in Aberdovey and was ignorant of the conversion until after the works were complete.
Planning Permission yes. Building Regulations yes.