I own a freehold house in Bexley but still invoiced for rent, why is this and what is this?
It is rare for properties in Bexley and has limited impact for conveyancing in Bexley 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 many centuries, but the Rent Charge Act 1977 barred the establishment 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 after 2037 is to be extinguished.
We are expecting a mortgage offer soon. The bank mentioned the loan came with free conveyancing. Is the implication that I have to instruct their panel conveyancer as I would prefer to appoint a Bexley based conveyancing firm?
Do check but the chances are that give you one of their panel lawyers where you accept the "fee-free" offer. Call the bank and determine if they offer you a cash alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case that money can go towards your preferred conveyancing solicitor near Bexley.
I am assisting my step-mother sell her house in Bexley. Does the conveyancing solicitor arrange an energy assessment or it is for the seller to see to?
Following the abolition of HIPs, energy assessments remained a mandatory part of selling a property. An energy performance certificate needs to be to hand before the property is marketed. It is not a task that law firms ordinarily arrange. Where you are instructing a Bexley conveyancing solicitor they might be able to arrange energy performance certificates given their relationships with long established Bexley providers
I am being told by my lawyer that flying freehold insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Bexley?
The right level of flying freehold indemnity insurance depends on who your lender is. It would differ for example between Accord Mortgages Ltd and The Mortgage Works. Conveyancing practitioners as opposed to members of the public take out such insurances.
My wife and I are in the throws of looking at flats in Bexley and I am about to put in an offer. Is it wise to have a conveyancing practitioner on ‘stand by’? I intend to finance via a home loan with Clydesdale.
You should start requesting conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their details on to the estate agent. Given that you are obtaining a mortgage with Clydesdale, ask your prospective lawyers if they are on the Clydesdale conveyancing panel otherwise they can't do the mortgage legal work.
I am a sole trader planning to lease a unit on a shopping parade. Can you recommend conveyancers offering no-move-no costs for non-domestic conveyancing in Bexley for under 1500k?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Bexley, including the sale and purchase of businesses as well as simply premises. If you are hoping to buy or sell a shop, pub, restaurant, office, retail premises or a complete business we can put you in touch with the right firm. Regarding the costs these will vary based on the structure and complexity of the deal. Please provide us with your contact information or email us so that we can provide you with comprehensive commercial conveyancing calculation.
I am on look out for some leasehold conveyancing in Bexley. Before I set the wheels in motion I want to be sure as to the remaining lease term.
Assuming the lease is registered - and almost all are in Bexley - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
After years of negotiations we cannot agree with our landlord on how much the lease extension should cost for our flat in Bexley. Can we issue an application to the Residential Property Tribunal Service?
Most certainly. We can put you in touch with a Bexley conveyancing firm who can help.
An example of a Lease Extension decision for a Bexley premises is 103a Footscray Road in January 2014. The tribunal determines that the premium payable for the extended lease should be £34,500 according to the expert witness valuation calculation This case affected 1 flat.
Been searching for a lawyer for leasehold sale conveyancing in Bexley. We are selling, uncomplicated no mortgage to pay off, no rush, no onward purchase. Received an estimate from a property lawyer for £1000 excluding VAT which is a tad high given that its so straightforward. Can I pay less for conveyancing in Bexley?
Given that it’s a sale only, £500 + VAT would be about the best for a Bexley solicitor firm.