I own a freehold premises in Beaworthy but nevertheless charged rent, why is this and what is this?
It is rare for properties in Beaworthy and has limited impact for conveyancing in Beaworthy 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 creation of fresh rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
It has been 4 months since my purchase conveyancing in Beaworthy completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
The estate agent has sent us the confirmation of our purchase of a new build flat in Beaworthy. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Beaworthy
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
Is it possible to switch firm as I need to instruct a firm on the The Mortgage Works conveyancing panel. I had appointed a family conveyancing solicitor in Beaworthy five minutes from me but he is not approved by The Mortgage Works
We will our best to assist in finding you a conveyancing solicitor in Beaworthy on the The Mortgage Works panel. Please note that the property lawyers that we list do not pay us a referral fee if you instruct them and are fully regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Beaworthy. Using search facility on this page, you can compare charges for conveyancing solicitors in Beaworthy and beyond.
I am using a search engine for the phrase cheap conveyancing in Beaworthy it shows results of numerous conveyancersin the area. With so much choice what is the best way to find the right conveyancing solicitor for the sale of my house?
The ideal method of seeking a suitable conveyancer is through a personal referral, so enquire of colleagues and those you trust who have bought a property in Beaworthy or a local estate agent or financial adviser. Fees for conveyancing in Beaworthy vary, so it's sensible to obtain at least three fee calculations from varying types of companies. Dont forget to clarify that the charges are assured not to to be inflated.
What are your top tips when it comes to choosing a Beaworthy conveyancing practice to carry out our lease extension conveyancing?
If you are instructing a solicitor for your lease extension (regardless if they are a Beaworthy conveyancing practice) it is essential that he or she should be familiar with the legislation and specialises in this area of work. We recommend that you speak with several firms including non Beaworthy conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be of use:
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How many lease extensions have they carried out in Beaworthy in the last year?
I am the registered owner of a studio flat in Beaworthy, conveyancing formalities finalised 9 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Beaworthy with over 90 years remaining are worth £180,000. The average or mid-range amount of ground rent is £65 yearly. The lease finishes on 21st October 2083
With just 58 years unexpired the likely cost is going to range between £22,800 and £26,400 plus legals.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information without first getting professional advice.