I own a freehold property in Denbighshire yet pay rent, why is this and what is this?
It’s unusual for properties in Denbighshire and has limited impact for conveyancing in Denbighshire 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 hundreds of years, but the Rent Charge Act 1977 barred the establishment of new rentcharges from 1977 onwards.
Previous 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.
My partner and I are close to exchanging contracts on the sale of our house in Denbighshire and according to the buyers it appears that there is a risk of it being constructed land that was not decontaminated. Any high street Denbighshire lawyer would know this is not the case. It does beg the question why the buyers used a nationwide conveyancing firm as opposed to a conveyancing solicitor in Denbighshire. We have lived in Denbighshire for 4 years we know of no issue. Is it a good idea to contact our local Authority to obtain confirmation need.
It sounds as though you may have a conveyancing firm already. What do they say? You must check with 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 illness)
Despite weeks of looking the Title Certificate and documents to my home are lost. The lawyers who did the conveyancing in Denbighshire 5 years ago have long since closed. Will I be able to sell the house?
In today’s world there are duplicates made of almost everything, and your lawyer should know precisely where to locate all the suitable documentation so you can purchase or dispose of your house without any difficulty. If duplicates are not available, your conveyancer may be able to arrange cover in the form of insurance or indemnities against possible claims on your property.
I have been on the look out for a leasehold apartment up to £305k and found one round the corner in Denbighshire I like with open areas and railway links nearby, the downside is that it only has 51 years unexpired on the lease. I can't really find anything else in Denbighshire in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
If you require a mortgage the shortness of the lease will be a potential deal breaker. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you can request that they start the process of the extension 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 regarding this matter.
I have been pointed in your direction by a few estate agents in Denbighshire to find a property lawyer using your seach tool. What’s the financial advantage for Estate Agents to offer your lawyers rather than a competitor’s?
We refuse to offer any commission for directing people our way. We thought it would be too underhand to pay a commission because members of the public would think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
I need to retain a conveyancing solicitor for some conveyancing in Denbighshire. I have land on a web site which seems to have the ideal offering If there is a chance to get all this stuff completed via email that would be preferable. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?