I own a freehold premises in Haydock but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Haydock and has limited impact for conveyancing in Haydock 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 new rentcharges post 1977.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
Are there restrictive covenants that are commonly identified as part of conveyancing in Haydock?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Haydock. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I opted to have a survey completed on a house in Haydock in advance of appointing lawyers. I have been advised that there is a flying freehold aspect to the property. Our surveyor advised that some lenders tend refuse to give a loan on a flying freehold house.
It varies from the lender to lender. Lloyds has different requirements from Birmingham Midshires. Should you wish to telephone us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Haydock. Conveyancing will be smoother if you use a solicitor in Haydock especially if they regularly deal with such properties in Haydock.
I am selling my home. My previous solicitors has retired. I would be grateful for any recommendation of a conveyancing firm. Im based in Haydock if that makes things easier.
You should use our search tool to help you find a solicitor for your conveyancing in Haydock. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
I wish to sublet my leasehold apartment in Haydock. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for permission?
Even though your last Haydock conveyancing lawyer is no longer around you can review your lease to check if you are permitted to let out the property. The accepted inference is that if the deeds are non-specific, subletting is permitted. There may be a precondition that you are obliged to seek permission via your landlord or other appropriate person prior to subletting. This means you not allowed to sublet without prior consent. The consent should not be unreasonably refused ore delayed. If the lease prohibits you from letting out the property you will need to ask your landlord if they are willing to waive this restriction.
I purchased a split level flat in Haydock, conveyancing formalities finalised in 2009. How much will my lease extension cost? Similar flats in Haydock with an extended lease are worth £180,000. The average or mid-range amount of ground rent is £65 invoiced every year. The lease terminates on 21st October 2084
With 59 years left to run we estimate the price of your lease extension to span between £20,900 and £24,200 as well as costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information before getting professional advice.
Do online conveyancing organisations cover everything a high street Haydock solicitor does or do I still need to employ a solicitor for the final stages for my conveyancing in Haydock?
If you instruct an online conveyancer they should cover all the things your Haydock conveyancer would cover.