I purchased a freehold residence in Conisbrough yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Conisbrough and has limited impact for conveyancing in Conisbrough 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 establishment of new rentcharges post 1977.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
I am buying a house and the lawyer has referenced Chancel Repair to which the house could be obligated to contribute to given it’s proximity to the area of such a church. She has recommended insurance. Is this strictly warranted for conveyancing in Conisbrough
Unless a previous acquisition of the premises took place post 12 October 2013 you may take it that conveyancing practitioners handling conveyancing in Conisbrough to continue to recommend a chancel search and or insurance against a claim.
I am looking for a flat up to £235,500 and identified one close by in Conisbrough I like with amenity areas and transport links nearby, however it only has 51 years unexpired on the lease. There is not much else in Conisbrough in this price bracket, so just wondered if I would be making a mistake buying a short lease?
Should you require a home loan that many years will likely be problematic. Reduce 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 a minimum of 2 years you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.
I'm refinancing my primary property to a buy to let mortgage with Chelsea Building Society and I will use the rest of the raised equity as a deposit on further house. The area we are interested in is Conisbrough. Will your conveyancers be able to act for the two mortgage companies and tie in the two deals?
Make use of our search tool on this site to be sure that the solicitors are approved by both mortgage companies. On the basis that they are your lawyer should be able to simultaneously deal with the two conveyancing matters but you should have a chat with you solicitor and specify your desired outcome and requirements.
My partner has suggested that I instruct his lawyers for conveyancing in Conisbrough. Do I follow his guidance?
No doubt it’s preferable to select a conveyancing solicitor is to get guidance from friends or relatives who have previously instructed the conveyancer you're contemplating using.
Due to sign contracts shortly on a studio apartment in Conisbrough. Conveyancing lawyers assured me that they report fully on Monday. What should I be looking out for?
The report on title for your leasehold conveyancing in Conisbrough should include some of the following:
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Details of the parties to the lease, for instance these could be the leaseholder, superior lessor, freeholder You should be advised what counts as a Nuisance in the lease The landlord’s rights to access the flat. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. An explanation concerning the obligations in the lease to pay service charges - with regard to both the building, and the more general rights a lessee has You should know whether the lease allows you to alter or improve aspects of the flat- you should be made aware as to whether it relates to all alterations or limited to structural alteration, and whether consent is required
Conisbrough Leasehold Conveyancing - A selection of Questions you should ask before buying
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Who is in charge of the block? What is the the remaining lease term? Is anyone aware of any major works in the near future that could increase the service costs?