I am the registered owner of a freehold house in Bozeat but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Bozeat and has limited impact for conveyancing in Bozeat 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 new rentcharges post 1977.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
I am helping my mother sell her flat in Bozeat. Does the conveyancing solicitor arrange the energy assessment or should I organise this?
After the demise of Home Information Packs, energy performance certificates was kept a compulsory element of moving house. An EPC must be commissioned in advance of the property being put on the market. It is not a task that law firms normally arrange. Where you are using a Bozeat conveyancing lawyer they may help arrange EPC’s given their relationships with long established local energy assessors
We previously appointed conveyancers based in Bozeat on the Clydesdale solicitor approved list. They are now charging me a separate charge for dealing with the Clydesdale mortgage. Is this an additional conveyancing fee specified by Clydesdale?
Unfortunately, so long as it is in their Terms of Engagement or Quote then yes your conveyancing practitioner is entitled to levy a fee for this. The charge is not dictated by Clydesdale but by your Bozeat conveyancer. Numerous firms on the Clydesdale panel will quote ’dealing with mortgage’ fee and others do not.
I have a mortgage with Leeds Building Society for my property in Bozeat. Conveyancing was finalised a year ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Leeds Building Society?
Leeds Building Society must be informed of your intention in advance of renting your property as this is likely to be a breach of Leeds Building Society’s mortgage conditions. It may be that Leeds Building Society will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Leeds Building Society directly. You need not do this via a Leeds Building Society conveyancing panel solicitor.
Are there restrictive covenants that are commonly identified as part of conveyancing in Bozeat?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Bozeat. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I decided to have a survey carried out on a property in Bozeat ahead of instructing conveyancers. I have been told that there is a flying freehold overhang to the property. Our surveyor has said that some mortgage companies tend not grant a loan on such a home.
It depends who your proposed lender is. HSBC has different instructions from Birmingham Midshires. If you contact us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Bozeat. Conveyancing will be smoother if you use a solicitor in Bozeat especially if they regularly deal with such properties in Bozeat.
What does commercial conveyancing in Bozeat cover?
Bozeat conveyancing for business premises covers a broad range of services, offered by regulated solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.
Having checked my lease I have discovered that there are only 62 years remaining on my flat in Bozeat. I need to extend my lease but my landlord is absent. What should I do?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be extended by the Court. However, you will be required to prove that you have used your best endeavours to track down the freeholder. In some cases a specialist should be helpful to conduct investigations and to produce an expert document to be used as proof that the landlord is indeed missing. It is wise to seek advice from a conveyancer both on investigating the landlord’s disappearance and the application to the County Court overseeing Bozeat.
Bozeat Leasehold Conveyancing - Examples of Queries before Purchasing
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Generally speaking the cost for major works tend not to be incorporated into the service charges, albeit that some managing agents in Bozeat require leaseholders to contribute towards a reserve fund and this is used to offset against larger repairs or maintenance. How much is the ground rent and service charge? Be sure to enquire if there is anything that is prohibited in the lease. For example it is fairly common in Bozeat leases that pets are not allowed in in a block in Bozeat. If you like the propertyin Bozeat however your cat can’t live with you then you will be faced difficult decision.