I am the registered owner of a freehold property in Grenoside but nevertheless pay rent, why is this and what is this?
It is rare for properties in Grenoside and has limited impact for conveyancing in Grenoside 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 post 1977.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
Despite weeks of looking the Title Certificate and documents to my house are lost. The solicitors who conducted the conveyancing in Grenoside 4 years ago have long since closed. What do I do?
Gone are the days when you need to hold title original deeds to prove you are the registered proprietor of land or property, as the Land Registry have everything they need in a digital format.
I'm buying my first flat in Grenoside with a loan from The Royal Bank of Scotland. The builders would not budge the price so I negotiated £7000 of additionals instead. The property agent told me not reveal to my conveyancer about the extras as it may put at risk my loan with The Royal Bank of Scotland. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am downsizing from my property. My previous solicitors have shut. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Grenoside if that makes a difference.
You should use our search tool to help you find a solicitor for your conveyancing in Grenoside. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.
I am using a search engine for the words on line conveyancing in Grenoside it brings up numerous conveyancersin the area. How do I determine which is the suitable solicitor for my move?
The ideal method of seeking the right conveyancer is through a personal referral, so seek the guidance of colleagues and relatives who have purchased a property in Grenoside or the respected estate agent or mortgage broker. Charges for conveyancing in Grenoside vary, so it's sensible to secure a minimum of three fee estimates from different companies. Be sure to obtain confirmation that the charges are assured not to to be inflated.
Last June I purchased a leasehold house in Grenoside. Do I have any liability for service charges for periods before completion of my purchase?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I inherited a studio flat in Grenoside, conveyancing was carried out 3 years ago. Can you work out an approximate cost of a lease extension? Corresponding flats in Grenoside with over 90 years remaining are worth £202,000. The ground rent is £60 invoiced annually. The lease comes to an end on 21st October 2081
With 56 years unexpired we estimate the premium for your lease extension to range between £29,500 and £34,000 as well as legals.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. Do not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.