I purchased a freehold property in Crick yet pay rent, why is this and what is this?
It’s unusual for properties in Crick and has limited impact for conveyancing in Crick 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 creation of new rentcharges post 1977.
Old 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.
The deeds to our house can not be found. The conveyancers who did the conveyancing in Crick 4 years ago no longer exist. What do I do?
As long as you have a registered title the information relating to your ownership will be held by the Land Registry with a Title Number. It is easy to perform a search at the Land Registry, identify your property and order up to date copies of the property title for a small fee. If the property is Leasehold then the Land Registry will also normally hold a file copy of the Registered Lease and again, a copy can be obtained for a small fee.
I am looking into buying my first house which is in Crick and I am already nervous. I couldn't find anything specific about Crick. Conveyancing will be needed in due course but do you know about the Crick area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Crick. In the meantime here are some basic statistics that we found
As co-executor for the will of my grandmother I am disposing of a residence in Newport but reside in Crick. My conveyancer (based 250 kilometers from meneeds me to execute a stat dec before completion. Can you recommend a conveyancing lawyer in Crick who can attest and place their company stamp on the document?
strictly speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or solicitor will be fine regardless of whether they are Crick based
I've found a house that appears to meet my requirements, at a great figure which is making it all the more appealing. I have just discovered that it's a leasehold as opposed to freehold. I am assuming that there are issues purchasing a house with a leasehold title in Crick. Conveyancing lawyers have are soon to be instructed. Will they explain the issues?
Most houses in Crick are freehold and not leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. We note that you are purchasing in Crick in which case you should be shopping around for a Crick conveyancing solicitor and be sure that they have experience in transacting on leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a lessee you will not be at liberty to do whatever you want with the house. The lease comes with conditions such as obtaining the landlord’sconsent to conduct alterations. It may be necessary to pay a service charge towards the maintenance of the estate where the house is part of an estate. Your solicitor should report to you on the legal implications.
I acquired a 1 bedroom flat in Crick, conveyancing was carried out half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Crick with an extended lease are worth £216,000. The ground rent is £50 levied per year. The lease runs out on 21st October 2094
With just 68 years left to run we estimate the premium for your lease extension to span between £9,500 and £11,000 plus professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed investigations. You should not use the figures in tribunal or court proceedings. There may be additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before getting professional advice.
I pay a maintenance fee for my flat in Crick. Due to redundancy and personal issues I slipped into arrears with remittance. I negotiated a clearance schedule but there remains about £3000 currently due.
I am under pressure to sell and I am panicking this will hold me back if I have to settle the amount due in advance. I'd like to sell up and subsequently pay them back with the proceeds - is this possible?
The solicitor dealing with your Crick sale will hopefully be in a position to negotiate with the appropriate parties, with a new to seeing if they would accept payment out of the sale proceeds. This is indicative of why it is sensible to select a conveyancer in Crick as they may well enjoy an established relationship with the management company.