I am the registered owner of a freehold premises in Glynneath but still charged rent, why is this and what is this?
It’s unusual for properties in Glynneath and has limited impact for conveyancing in Glynneath 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 establishment of new rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
We're in Glynneath, FTBs buying with a mortgage (lender is Aldermore , and our lawyer is on the Aldermore conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Aldermore conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Despite weeks of looking the Title Certificate and documents to my property can not be found. The solicitors who did the conveyancing in Glynneath 10 years ago no longer exist. Will I be able to sell the house?
As long as you have a registered title the information relating to your proprietorship will be held by HMLR with a Title Number. It is possible to execute a search at the Land Registry, locate your house and get current copies of the Registered Entries for less than a fiver. If the title is Leasehold then the Land Registry will usually retain a certified copy of the Registered Lease and again, a copy can be obtained for £20 inclusive of VAT.
How does conveyancing in Glynneath differ for newly converted properties?
Most buyers of new build premises in Glynneath contact us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because new home sellers in Glynneath usually acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Glynneath or who has acted in the same development.
How can the Landlord & Tenant Act 1954 affect my commercial offices in Glynneath and how can your lawyers assist?
The particular law that you refer to gives protection to business lessees, giving them the right to make a request to court for a new tenancy and continue in occupation when the lease reaches an end. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Glynneath is one of our numerous locations in which our lawyers are based
In searching the world wide web for the words on line conveyancing in Glynneath it reveals numerous property lawyerslocally. With so much choice what is the best way to find the right conveyancer for purchase transaction?
The best way of seeking a suitable conveyancer is via trusted recommendation, so seek the opinion of friends and those you trust who have purchased a property in Glynneath or the local estate agent or mortgage broker. Fees for conveyancing in Glynneath differ, so it's sensible to secure at least four fee calculations from varying types of property lawyers. Dont forget to clarify that the fees are fixed.