Me and my partner are about to complete on the purchase of a property in Glenfield but as a result of damage from the recent storms I have was able negotiate reparation from the seller of £2k in the form of a reduction in the price. This was going to be addressed as part of amending the contract yet Aldermore will not agree to this. Why were they informed?
Any conveyancing practitioner that is on the Aldermore conveyancing panel is obliged to disclose to Aldermore of any amendments to the sale price. If you prohibit your conveyancer to disclose the reduction to Aldermore then they would have to discontinue acting for you. In addition, Aldermore and you would have to appoint a new property lawyer for your conveyancing in Glenfield.
I am the registered owner of a freehold property in Glenfield but still charged rent, why is this and what is this?
It’s unusual for properties in Glenfield and has limited impact for conveyancing in Glenfield 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 hundreds of years, but the Rent Charge Act 1977 barred the generation of new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
Due to the encouragement of my in-laws I had a survey completed on a house in Glenfield before instructing solicitors. I have been informed that there is a flying freehold element to the house. The surveyor advised that some mortgage companies tend refuse to give a mortgage on such a premises.
It depends who your proposed lender is. HSBC has different instructions for example to Nationwide. If you e-mail us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Glenfield. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Glenfield to see if the conveyancing costs will increase in light of this.
How does the Landlord & Tenant Act 1954 affect my business premises in Glenfield and how can you help?
The 1954 Act provides a safeguard to commercial tenants, granting the legal entitlement to make a request to court for a continuation of occupancy at the end of an expired lease. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and help with commercial conveyancing in Glenfield
Am I better off to instruct a Glenfield conveyancing solicitor who is local to the property I am purchasing? I have an old university friend who can conduct the conveyancing but her office is 200miles drive away.
The primary upside of using a local Glenfield conveyancing firm is that you can pop in to sign documents, present your ID and apply pressure on them if necessary. Having local Glenfield know how is a benefit. That being said nothing is more important than finding someone that will do a good and efficient job. If you know people who used your friend and on the whole were content that should outweigh using an unknown Glenfield conveyancing lawyer just because they are round the corner.
Our estate agent has suggested using their lawyer for my conveyancing in Glenfield - Surely it’s advisable to just use them?
This is not necessarily the case and you are entitled to use whichever solicitor of your choosing for your Glenfield home move. A conveyancer suggested by a 3rd party adviser may not necessarily be the right solicitor, they may suggest their preferred conveyancing firm who are based remotely. In this instance you may not have contact with your conveyancer and due to the lack of continuity in the transaction, it may be difficult to obtain progress reports.