I own a freehold residence in Grove yet charged rent, why is this and what is this?
It is rare for properties in Grove and has limited impact for conveyancing in Grove 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 post 1977.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
I just acquired a property at auction in Grove. Conveyancing is necessary. What happens now?
Having legally bound yourself to purchase you should choose a conveyancing solicitor soon as you now have a fast approaching a drop dead date to complete the deal. An auction property should have a corresponding auction set of papers. This will likely include most,if not all of the documents that your conveyancer will need. Where you are dealing with leasehold premises the conveyancing pack may include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork pertinent to a leasehold property. You need to give this to the lawyer working for you ASAP. You also need to ensure that you have funds organised to complete the transaction on the set completion date.
Is there a list of Co-operative panel conveyancers in Grove on the Building Society Association’s Website?
No. There is no such facility on the Council of Mortgage Lenders or Building Society Association websites. Very few mortgage companies make their panel listings available online. If you are in need of a Grove lawyer on the Co-operative please make the most of our tool.
We have a mortgage agreed in principle with Aldermore. Grove conveyancing practitioners are selected. How long does it take for Aldermore to issue the offer to the conveyancer?
Some lenders take longer than others. Have Aldermore conducted the valuation? Have you advised Aldermore as to your lawyers' details and checked that your lawyers are on the Aldermore conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I am a sole trader hoping to take an assignment of a lease of a shop on a shopping parade. Can you recommend conveyancers offering fixed charges for non-domestic conveyancing in Grove for under 2k?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Grove, including the sale and purchase of businesses as well as simply premises. If you are intending to buy or dispose of a shop, pub, restaurant, office, retail premises or a whole business we will find you the right lawyer. As for the charges this will depend on the structure and heads of terms of the deal. Please provide us with your contact information or phone so as to enable us to provide you with comprehensive commercial conveyancing quote.
My step-father has recommend that I instruct his conveyancers in Grove. Do I take his recommendation?
No doubt it’s preferable to find a conveyancing lawyer is to get recommendations from friends or relatives who have experience in using the solicitor you're contemplating using.
Last June I purchased a leasehold flat in Grove. Do I have any liability for service charges for periods before my ownership?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, 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 ensure 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).
Grove Conveyancing for Leasehold Flats - A selection of Queries Prior to buying
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Does the lease have more than 82 years unexpired? You will want to discover as much as possible regarding the company managing the building as they can either make your living at the property much simpler or a lot more difficult. As the owner of a leasehold property you are often in the clutches of the managing agents from a financial perspective and when it comes to practical issues such as the tidiness of the common parts. Ask prospective neighbours if they are happy with their service. Finally, find out the dates that the maintenance charges are due to the managing agents and precisely what you get for your money. Is anyone aware of any major works in the near future that will increase the service costs?
Are Grove conveyancing solicitors under an obligation to the Law Society to supply clear conveyancing costs?
Inbuilt into the Solicitors Code of Conduct are specific rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their fees to clients.The Law Society have practice note giving advice on how to publicise transparent charges to avoid breaching any such rule. Practice notes are not legal advice issued by the Law Society and is not to be regarded as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, however, constitute the Law Society’s perspective of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in Grove or or elsewhere in the country.