I purchased a freehold premises in Chantry but still invoiced for rent, why is this and what is this?
It is rare for properties in Chantry and has limited impact for conveyancing in Chantry 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 generation of fresh rentcharges post 1977.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
I used Wolstenholmes several years ago for my conveyancing in Chantry. I now require my file however the law firm has closed. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracking down 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 Chantry of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Chantry differ for new build properties?
Most buyers of new build or newly converted property in Chantry come to us having been asked by the builder to sign contracts and commit to the purchase even before the property is built. This is because new home sellers in Chantry tend to acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Chantry or who has acted in the same development.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in two weeks back in what was supposed to be a straight forward, chain free conveyancing. Chantry is the location of the property. What do you suggest?
Flying freeholds in Chantry are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Chantry you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Chantry 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 residence.
How do I use the search app to select a conveyancing practitioner in Chantry on the panel for my mortgage?
1st choose a mortgage company such as Birmingham Midshires, Virgin Money or Aldermore then type in your location for example Chantry. Conveyancing organisations in Chantry and across England and Wales will then be listed.
Harry (my fiance) and I may need to let out our Chantry basement flat for a while due to taking a sabbatical. We instructed a Chantry conveyancing firm in 2004 but they have since shut and we did not have the foresight to seek any advice as to whether the lease permits subletting. How do we find out?
A lease governs relations between the landlord and you the leaseholder; in particular, it will set out if subletting is not allowed, or permitted but only subject to certain caveats. The rule is that if the lease contains no expres ban or restriction, subletting is allowed. The majority of leases in Chantry do not prevent strict prohibition on subletting – such a provision would undoubtedly devalue the property. In most cases there is a basic requirement that the owner notifies the freeholder, possibly sending a copy of the tenancy agreement.
Chantry Leasehold Conveyancing - Sample of Questions you should ask Prior to Purchasing
-
It is important to be aware if window replacement or some other significant cost is coming up that will be shared by the leasehold owners and will dramatically increase the the maintenance charges or require a specific payment. Its a good idea to discover as much as possible concerning the company managing the block as they will affect your use and enjoyment of the property. Being a leasehold owner you will be in the clutches of the managing agents both financially and when it comes to every day issues like the tidiness of the communal areas. Ask other tenants what they think of them. On a final note, find out the dates that the maintenance fees are due to the managing agents and precisely how they are spending that money. How many years remain on the lease?