I own a freehold property in Bulkington yet invoiced for rent, why is this and what is this?
It is rare for properties in Bulkington and has limited impact for conveyancing in Bulkington 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.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
Our lender has recommended solicitors on their panel based in Bulkington but I would rather choose a conveyancing lawyer in Bulkington or nearer to where I live. Are you able to help?
Far from all Bulkington conveyancing firms are approved and listed on all lender’s conveyancing panel. Use the above search tool to identify a Bulkington conveyancing conveyancer on the on the bank panel.
Have just purchased a probate house at auction in Bulkington. Conveyancing is necessary. What happens now?
Given that you are now for all intents and purposes signed on the dotted line you now have to choose a conveyancing practitioner as a matter of priority as you now have a tight a fixed date to complete the purchase. Every auction property should have an associated auction pack. This should include evidence of title and search results. If you have purchased leasehold property the conveyancing papers should include a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation specific to leasehold premises. You need to hand this to your appointed conveyancing solicitor as soon as possible. You also need to ensure that your finances are organised to complete on the date specified in the contract.
Can you point me to a directory of Nottingham panel conveyancers in Bulkington on the Building Society Association’s Website?
Unfortunately not yet. There is no such facility on the Council of Mortgage Lenders or Building Society Association websites. A small selection of banks make their panel listings available over the internet. Where you are seeking to appoint a Bulkington lawyer on the Nottingham please make the most of our tool.
About to purchase apartment in Bulkington. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Virgin Money conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Bulkington lawyer is on the Virgin Money conveyancing panel.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on two weeks back in what was supposed to be a quick, chain free conveyancing. Bulkington is the location of the property. What do you suggest?
Flying freeholds in Bulkington are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Bulkington you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bulkington may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I am thinking of appointing a conveyancing solicitor in Bulkington for my house move. Is it possible to check a solicitor's complaints history with the legal regulator?
Members of the public may review published Solicitor Regulator Association (SRA) determinations stemming from investigations from 2008 onwards. Visit Check a solicitor's record. To find information about the period before 1 January 2008, or to check a firm's history, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, use +44 (0)121 329 6800. The SRA could monitor telephone calls for training requirements.
I own a leasehold house in Bulkington. Conveyancing and Yorkshire Building Society mortgage organised. A letter has just been received from someone saying they have taken over the freehold. Attached was a ground rent demand for rent dating back to 1993. The conveyancing practitioner in Bulkington who previously acted has long since retired. Any advice?
First make enquiries of the Land Registry to make sure that the individual purporting to own the freehold is indeed the registered owner of the freehold reversion. You do not need to instruct a Bulkington conveyancing practitioner to do this as you can do this on the Land Registry website for £3. Rest assured that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I acquired a 1 bedroom flat in Bulkington, conveyancing was carried out 8 years ago. How much will my lease extension cost? Corresponding properties in Bulkington with over 90 years remaining are worth £202,000. The average or mid-range amount of ground rent is £55 yearly. The lease expires on 21st October 2081
With just 56 years left to run we estimate the price of your lease extension to be between £29,500 and £34,000 as well as professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more comprehensive investigations. You should not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before seeking the advice of a professional.