I own a freehold premises in Guiseley but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Guiseley and has limited impact for conveyancing in Guiseley 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 generation of fresh 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 dispensed with completely.
My house in Guiseley is up for sale and I have accepted an offer. Does the lawyer need to be required to be on the Nationwide conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Nationwide conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently in recent years.
I am looking for a flat up to £305k and identified one close by in Guiseley I like with a park and railway links nearby, the downside is that it's only got 61 remaining years left on the lease. There is not much else in Guiseley in this price bracket, so just wondered if I would be making a grave error buying a short lease?
If you require a mortgage that many years may be an issue. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least 2 years you can ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor about this matter.
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At this site get an accurate quote via a Solicitor or Licensed Conveyancer that has a full understanding of the issues of your conveyancing in Guiseley. As opposed to estate agents and many comparison sites we are not in the business of charging firms a commission if you appoint them for your property ownership legalities in Guiseley
As co-executor for the will of my aunt I am selling a residence in Monmouth but reside in Guiseley. My conveyancer (approximately 300 miles from mehas requested that I execute a stat dec prior to completion. Could you suggest a conveyancing lawyer in Guiseley to witness this legal document for me?
Technically speaking you should not be required to have the documents attested by a conveyancing solicitor. Normally any notary public or solicitor will be fine regardless of whether they are Guiseley based
We have selected a Guiseley conveyancing solicitor for our house purchase (FTB’s) and have spotted in the engagement letter that they are not regulated by the Financial Conduct Authority. Need I be worried or is that standard with conveyancing practitioner?
We can't see why they should be. Most conveyancing practitioner don't lend money. You should check that they are regulated by the Solicitors Regulation Authority, who set strict stipulations covering funds held by them.