I am the registered owner of a freehold premises in Belton but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Belton and has limited impact for conveyancing in Belton 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.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
Should our solicitor be making enquiries about flooding as part of the conveyancing in Belton.
Flooding is a growing risk for solicitors carrying out conveyancing in Belton. Some people will acquire a house in Belton, fully aware that at some time, it may be flooded. However, leaving to one side the physical damage, where a house is at risk of flooding, it may be difficult to get a mortgage, satisfactory insurance cover, or sell the property. Steps can be carried out during the course of a property purchase to forewarn the buyer.
Conveyancers are not qualified to offer advice on flood risk, but there are a various searches that can be initiated by the buyer or by their solicitors which will give them a better understanding of the risks in Belton. The standard property information forms supplied to a buyer’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard question of the vendor to determine if the premises has historically flooded. If flooding has previously occurred which is not revealed by the vendor, then a buyer could commence a legal claim for losses resulting from an incorrect reply. The buyer’s solicitors will also order an enviro report. This will disclose if there is any known flood risk. If so, more detailed investigations should be carried out.
I purchased a 4 bedroom Victorian property in Belton. Conveyancing practitioner represented me and National Westminster Bank. I did a free Land Registry search last week and I saw two entries: one for freehold, another for leasehold with the exact same address. I'd like to know for sure, how can I find out??
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Belton and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the situation with your conveyancing practitioner who conducted the purchase.
I'm purchasing a new build house in Belton with the aid of help to buy. The sellers refused to move on the amount so I negotiated £7000 of fixtures and fittings instead. The sale representative advised me not disclose to my solicitor about the extras as it could impact my mortgage with Yorkshire Building Society. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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 does the Landlord & Tenant Act 1954 affect my business premises in Belton and how can your lawyers assist?
The particular law that you refer to provides security of tenure to business leaseholders, giving them the right to apply to court for a continuation of occupancy at the end of an expired lease. There are limited grounds that a landlord can refuse a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Belton is one of our hundreds of areas of the UK in which the firms we work with are located
Can a conveyancer remove someone from the title of my home in Belton ?
Extracting or adding someone to the title of your property is relatively straightforward. You’ll need to appoint a conveyancer to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a solicitor