I am the registered owner of a freehold premises in Hadfield but still charged rent, why is this and what is this?
It’s unusual for properties in Hadfield and has limited impact for conveyancing in Hadfield 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 fresh rentcharges post 1977.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
We are expecting a mortgage offer soon. The bank mentioned the mortgage came with free conveyancing. Is the implication that I have to appoint their panel lawyer as I would much rather use a specialised conveyancing solicitor in Hadfield?
You should check but the the likelihood is that give you one of their panel conveyancers should you take up the "fee-free" incentive. Call the lender to see if they make available a monetary alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor in Hadfield.
Just had an offer accepted on a new build apartment in Hadfield. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Hadfield
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Please supply a car parking plan. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please provide evidence that the form of Lease proposed has been approved by the Land Registry.
I opted to have a survey done on a property in Hadfield ahead of appointing lawyers. I have been advised that there is a flying freehold overhang to the property. The surveyor has said that some mortgage companies will not grant a loan on this type of home.
It varies from the lender to lender. Lloyds has different requirements for example to Birmingham Midshires. If you contact us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Hadfield. Conveyancing will be smoother if you use a solicitor in Hadfield especially if they are acquainted with such properties in Hadfield.
Taking into account that I will soon spend 450k on a two bedroom apartment in Hadfield I would like to have a conversation with the solicitor about mytransaction in advance of appointing the firm. Is this something that you can arrange?
We could not agree more - we would be delighted to talk to you we do not take any clients on without you liaising with the solicitor due to be carrying out your property ownership legalities in Hadfield.There is no ‘factory style conveyancing’ - every client is unique individual, not a case number. The solicitors that we put you in touch with believe that the fees you are calculated and presented to you for your conveyancing in Hadfield should be the figure that you are charged.
My husband and I are first time buyers - agreed a price, but the selling agent told us that the seller will only issue a contract if we appoint the agent's preferred solicitors as they are insisting on a ‘quick sale’. My instinct tells me that we should use a local conveyancer used to conveyancing in Hadfield
We suspect that the seller is unaware of this request. Should the seller require ‘a quick sale', turning down a motivated buyer is is going to put the whole deal at risk. Speak to the owners direct and explain that (a)you are keen to buy (b)you are excited to move forward, with finances in place © you have nothing to sell (d) you intend to proceed fast (e)however you are going to appoint your preferred Hadfield conveyancing firm - rather thanthe ones that will give their estate agent a commission or hit his conveyancing thresholds pre-set by corporate headquarters.