Why would I instruct a Bury St Edmunds conveyancing firm when national conveyancers are less expensive?
To take your time to find compare conveyancing costs in Bury St Edmunds and you should seek an affordable estimate but don’t be focused with searching for the lowest priced Bury St Edmunds conveyancer. Identifying the right conveyancer can be the difference between a seamless and a frustrating home move. It is important that you ensure that you have expert advice from a specialist lawyer. An e-mail can never be as helpful as a telephone call and are no substitute for a one to one meeting. The firms that we work with will find you a qualified and experienced conveyancing solicitor that will tackle your conveyancing from from the outset to completion, giving the sort of continuity that you are unlikely to received from an internet conveyancer. He or She will inform you as to any developments and keep you informed. Should you need to call the office you will be sure who to ask for and they will ensure you are kept fully informed.
I purchased a freehold property in Bury St Edmunds but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Bury St Edmunds and has limited impact for conveyancing in Bury St Edmunds 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 hundreds of years, but the Rent Charge Act 1977 barred the generation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
Should commercial conveyancing searches reveal impending roadworks that could affect a commercial estate in Bury St Edmunds?
Many commercial conveyancing solicitors in Bury St Edmunds will execute a SiteSolutions Highways report as it reduces the time that conveyancers expend in looking into accurate data on highways that impact buildings and development assets in Bury St Edmunds. The search result 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 Bury St Edmunds.
For each commercial conveyancing transaction in Bury St Edmunds it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately can result in delays to Bury St Edmunds commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not ordered for residential conveyancing in Bury St Edmunds.
Me and my brother purchased a 4 bedroom Edwardian house in Bury St Edmunds. Conveyancing practitioner acted for me and Virgin Money. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, another for leasehold with the matching property. If a house is not a freehold shouldn't I have been informed?
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Bury St Edmunds and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the situation with your conveyancing practitioner who conducted the conveyancing.
I am looking for a leasehold apartment up to £305k and found one near me in Bury St Edmunds I like with amenity areas and transport links nearby, the downside is that it's only got 51 years on the lease. There is not much else in Bury St Edmunds suitable, so just wondered if I would be making a mistake purchasing a short lease?
If you require a mortgage the shortness of the lease may be an issue. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least twenty four months you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
My mother and father are having difficulties in finding their Bury St Edmunds property on the HMLR website. They recall that 50 years ago when they purchased the bungalow there were complications with Bury St Edmunds not being recognised in some systems.
The vast majority of properties in Bury St Edmunds should appear. Have you tried a search to simply the postcode. Normally it should disclose all the premises within the postcode. Assuming the property is registered it will be there with a title number. If they bought back in the 70’s it's conceivable it may be unrecorded. The address could still be revealed but with the title number shown 'na'. In this scenario you will need to track down the original title documentation which might be with your parent’s mortgage company.