I own a freehold house in Broughton Astley yet invoiced for rent, why is this and what is this?
It is rare for properties in Broughton Astley and has limited impact for conveyancing in Broughton Astley 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 fresh rentcharges post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
Will commercial conveyancing searches reveal planned roadworks that could affect a commercial property in Broughton Astley?
Its becoming the norm that commercial conveyancing solicitors in Broughton Astley will execute a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in looking into accurate data on highways that impact buildings and development assets in Broughton Astley. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Broughton Astley.
For every commercial conveyancing transaction in Broughton Astley it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately can result in delays to Broughton Astley commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Broughton Astley.
I used Action Conveyancing a few years past for my conveyancing in Broughton Astley. Now, I need the files however the law firm has closed. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Broughton Astley of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Over the last few months I have been searching for a flat up to £245,000 and found one round the corner in Broughton Astley I like with open areas and station in the vicinity, the downside is that it's only got 51 years unexpired on the lease. There is not much else in Broughton Astley suitable, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a home loan the remaining unexpired lease term will likely be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of 2 years you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.
Am I right to be wary that 3rd parties that I am dealing with are recommending an online conveyancing firm as opposed to a High Street Broughton Astley conveyancing practice?
As is the case with lots of service providers, often input from connections can be very helpful. Yet there are many parties with a keen interest in a conveyancing transaction; estate agents, financial adviser and lenders may recommend solicitors to appoint. Sometimes these conveyancers might be known to one of the organisations as one of the best in their field, but sometimes there may be a commercial relationship behind the recommendation. You are free to choose your own conveyancer. You need to be aware that many banks specify a panel list of lawyers you must use for the mortgage related work in your conveyancing.
I need to instruct a conveyancing solicitor for residential conveyancing in Broughton Astley. I happened to stumble upon a site which looks to be the ideal offering If it is possible to get all formalities done via email that would be ideal. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?