Would the conveyancing solicitors identified via your ’find a lawyer’ tool carry out right to buy conveyancing in Derby?
We do have plenty of conveyancing lawyers who can handle right to buy transactions You should e-mail the conveyancers listed with a view to get a conveyancing quote.
I am the registered owner of a freehold residence in Derby but nevertheless charged rent, why is this and what is this?
It is rare for properties in Derby and has limited impact for conveyancing in Derby 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 fresh rentcharges post 1977.
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 just had an offer accepted to purchase with Melton Mowbray Building Society. I visited a few high street practices but cant to find a Derby conveyancing firm on the Melton Mowbray Building Society panel. Can you assist?
Feel free to take advantage of the search tool on this web page. Pick the building society and type Derby or your location and you will discover a number of lawyer based in Derby or near you.
I decided to have a survey completed on a house in Derby before appointing conveyancers. I have been informed that there is a flying freehold aspect to the house. Our surveyor has said that some lenders will refuse to grant a mortgage on this type of premises.
It varies from the lender to lender. HSBC has different requirements from Halifax. Should you wish to telephone us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Derby. Conveyancing will be smoother if you use a solicitor in Derby especially if they are acquainted with such properties in Derby.
My husband and I are FTB’s - agreed a price, yet the estate agent advised that the vendor will only proceed if we instruct the agent's preferred conveyancers as they want a ‘quick sale’. We would rather use a local solicitor used to conveyancing in Derby
We suspect that the seller is unaware of this request. Should the seller require ‘a quick sale', taking such a hostile approach to a motivated buyer is counter productive. Avoid the agents and go straight to the sellers and make the point that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)however you intend to appoint your preferred Derby conveyancing firm - as opposed tothose that will provide the estate agent a referral fee or meet his conveyancing figures pre-set by senior management.
I own a leasehold flat in Derby. Conveyancing and Nottingham Building Society mortgage organised. I have received a letter from someone saying they have taken over the freehold. Attached was a demand for arrears of ground rent dating back to 1993. The conveyancing practitioner in Derby who previously acted has now retired. Do I pay?
The first thing you should do is make enquiries of HMLR to be sure that the individual purporting to own the freehold is indeed the registered owner of the freehold reversion. There is no need to incur the fees of a Derby conveyancing practitioner to do this as you can do this on the Land Registry website for a few pound. You should note that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I purchased a 1 bedroom flat in Derby, conveyancing having been completed March 2008. How much will my lease extension cost? Comparable properties in Derby with a long lease are worth £179,000. The average or mid-range amount of ground rent is £65 invoiced annually. The lease comes to an end on 21st October 2082
With just 57 years unexpired we estimate the premium for your lease extension to span between £26,600 and £30,800 plus legals.
The figure above a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure in the absence of comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not take any other action based on this information without first getting professional advice.