I own a freehold house in Claverley but nevertheless charged rent, why is this and what is this?
It is rare for properties in Claverley and has limited impact for conveyancing in Claverley 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 new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
we are a couple who are hoping to buy a newbuild apartment in Claverley with a homeloan from Skipton Building Society.We like our Claverley conveyancing lawyer but Skipton Building Society says she’s not listed on their "panel". we are left little option but to use a Skipton Building Society panel firm or retain our high street solicitor and fork out for one of their panel ones to represent them. We feel as though this is unjust; Can we not simply insist that Skipton Building Society use our lawyer?
Unfortunately,no. The loan issued to you contains various provisions, a common one being that lawyers will be on the Skipton Building Society approved list. in the past, most lenders had large numbers of solicitors on their panels: a borrower could find 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 Skipton Building Society
I am selling our house in Claverley and the buyers lawyers are claiming that there is a risk of it being built land that was not decontaminated. A high street Claverley lawyer would know that there is no such problem. It does beg the question why the buyers are using an internet conveyancing practice as opposed to a conveyancing solicitor in Claverley. Having lived in Claverley for six years we know that this is a non issue. Do we contact our local Authority to obtain clarification that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer currently acting for you. What do they say? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
I have been on the look out for a flat up to £305k and found one round the corner in Claverley I like with amenity areas and station in the vicinity, however it's only got 49 years on the lease. There is not much else in Claverley 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 problematic. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least twenty four months 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 current lease with a zero ground rent applied. You should consult your conveyancing solicitor about this matter.
Back In 2003, I bought a leasehold house in Claverley. Conveyancing and Barclays Direct mortgage are in place. A letter has just been received from someone claiming to own the freehold. It included a demand for arrears of ground rent dating back to 1991. The conveyancing solicitor in Claverley who previously acted has long since retired. Do I pay?
First contact HMLR to make sure that the individual purporting to own the freehold is in fact the registered owner of the freehold reversion. There is no need to incur the fees of a Claverley conveyancing practitioner to do this as it can be done on-line for a few pound. Rest assured that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Leasehold Conveyancing in Claverley - Examples of Questions you should consider before buying
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Best to be warned whether window replacement or some other major work is due in the near future that will be shared amongst the leaseholders and will dramatically increase the the service charges or result in a one time invoice. How many years are left on the lease?
Two months into purchasing a property in Claverley. Conveyancing lawyer has phoned to say the property is "Leasehold". Does this adversely affect the marketability of the property?
Claverley conveyancing does not in most situations involve leasehold houses. The crucial consideration here is the remaining lease term and the ground rent. If it's 999 years with a nominal rent, it's essentially freehold, so it shouldn't impact the saleability significantly.
At the other extreme, if it's, say, fifty five years it will have a material effect on the saleability, and most likely wouldn't be mortgageable. The length of lease and ground rent will be set out in the lease provided to your property lawyer.