Would the conveyancing lawyers that you recommend conduct attended exchange conveyancing in Brook Green?
There are a few conveyancing specialists carrying out one day exchanges. Please contact us to receive a conveyancing quote and details as to dates.
I own a freehold residence in Brook Green yet charged rent, why is this and what is this?
It’s unusual for properties in Brook Green and has limited impact for conveyancing in Brook Green 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 generation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
Do the Building Society Association intend to launch a online directory to to identify firms on the Darlington Building Society conveyancing panel for example in Brook Green?
We have not been informed any intention on the part of the BSA to promote such a register.
Due to the input of my in-laws I had a survey completed on a property in Brook Green before appointing lawyers. I have been informed that there is a flying freehold overhang to the house. Our surveyor has said that some lenders tend refuse to give a loan on a flying freehold premises.
It depends who your proposed lender is. HSBC has different requirements from Birmingham Midshires. Should you wish to telephone us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Brook Green. Conveyancing may be slightly more expensive based on your lender's requirements.
I want to sublet my leasehold flat in Brook Green. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for their consent?
Even though your previous Brook Green conveyancing lawyer is no longer available you can review your lease to see if you are permitted to let out the apartment. The rule is that if the deeds are silent, subletting is allowed. Quite often there is a prerequisite that you need to obtain consent from your landlord or some other party in advance of subletting. This means you not allowed to sublet in the absence of prior consent. The consent is not allowed to be unreasonably withheld. If the lease prohibits you from subletting the property you will need to ask your landlord for their consent.
I am the registered owner of a ground floor flat in Brook Green. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal determine the premium payable for the purchase of the freehold?
Where there is a absentee freeholder or if there is dispute about what the lease extension should cost, under the relevant statutes it is possible to make an application to the LVT to determine the premium.
An example of a Freehold Enfranchisement matter before the tribunal for a Brook Green premises is 83 Sinclair Road in September 2010. The decision of the Tribunal was that the price to be paid by the Applicant to the Respondent for the freehold interest in the Property was the sum of £93,650 This case affected 4 flats. The unexpired term as at the valuation date was 70.58 years.
At what stage do I incur stamp duty payable for my purchase in Brook Green?
The majority of lawyers will fill out a stamp duty return on your behalf during your Brook Green purchase transaction for you to sign. After completion your property lawyer will submit the Land Transaction application to the Inland Revenue and - as long as they have the funds - pay any land tax due on your behalf.