I purchased a freehold premises in Ellesmere yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Ellesmere and has limited impact for conveyancing in Ellesmere 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 establishment of new rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
My colleague advised me that where I am purchasing in Ellesmere I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is sometimes included in the estimate for your Ellesmere conveyancing searches. It is not a small document of more than thirty pages, listing and setting out significant information about Ellesmere around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Ellesmere Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Ellesmere Education with maps and statistics, Local Amenities and other useful data about Ellesmere.
Just had an offer accepted on a new build flat in Ellesmere. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Ellesmere
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? There must be mutual enforceability of lessee’s covenants.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one near me in Ellesmere I like with a park and transport links in the vicinity, the downside is that it only has 49 years unexpired on the lease. I can't really find anything else in Ellesmere in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term may be problematic. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least twenty four months you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer about this matter.
I am looking into buying my first house which is in Ellesmere and I am already nervous. I couldn't find anything specific about Ellesmere. Conveyancing will be needed in due course but do you know about the Ellesmere area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Ellesmere. In the meantime here are some basic statistics that we found
My father-in-law mentioned that before choosing a conveyancing solicitors they need approved by your bank. I am a FTB but I have an offer in principle via Santander and I already have a high street conveyancing solicitor in Ellesmere at the ready. Will Halifax insist on an approved conveyancer to be instructed? If so, where do I find that list for my conveyancing in Ellesmere?
You should instruct a solicitor that is on the Halifax panel. Simply call your chosen Ellesmere conveyancing lawyer and ask if they are on the Halifax panel. If they are not approved you have numerous choices available to you here:
- Complete the purchase with your chosen Ellesmere property lawyer but Halifax will undoubtedly use a conveyancing practitioner from their approved list. This will result in additional fees and probable frustration.
- Appoint a fresh conveyancer to act in the purchase, not forgetting to check that they are on the Halifax conveyancing panel.
- Convince your property lawyer to pull out all the stops to join the Halifax panel of solicitors.