Do the conveyancing lawyers to be found on your site conduct auction conveyancing in Burnage?
There are a few auction solicitors we can put you in touch with those who can conduct auction conveyancing. Burnage is one of hundreds of areas of in which our lawyers have a presence.
I am the registered owner of a freehold residence in Burnage but still pay rent, why is this and what is this?
It’s unusual for properties in Burnage and has limited impact for conveyancing in Burnage 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 hundreds of years, but the Rent Charge Act 1977 barred the generation of new rentcharges from 1977 onwards.
Previous 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 extinguished.
I am buying a new build apartment in Burnage. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Burnage
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Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in last month in what was supposed to be a straight forward, chain free conveyancing. Burnage is where the house is located. What do you suggest?
Flying freeholds in Burnage are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Burnage you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Burnage may decide 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.
Having had my offer accepted I require leasehold conveyancing in Burnage. Before I set the wheels in motion I would like to find out the remaining lease term.
If the lease is registered - and 99.9% are in Burnage - then the leasehold title will always include the short particulars 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.
Burnage Leasehold Conveyancing - A selection of Questions you should consider before buying
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How many years remain on the lease? What is the annual maintenance fee and ground rent? What prohibitions exist in the Burnage Lease?
Me and my partner are buying a four bedroom ground floor flatin Burnage with a residential mortgage from a mortgage company. We like our conveyancer in Burnage but our mortgage company inform us now that he's not listed on their "panel". We have to appoint one of the our lender panel solicitors or keep our Burnage solicitor and pay for one of their panel ones to represent them. This seems very unfair; Can we not simply insist that our bank use our Burnage lawyer?
No, not really. The bank home loan offered to you is subject to conditions, one of which will be that lawyers will on the lender's conveyancing panel. Until recently, most banks had open panels, including almost all conveyancing solicitors in Burnage : a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for your mortgage company.