I purchased a freehold house in Hilperton but still invoiced for rent, why is this and what is this?
It is rare for properties in Hilperton and has limited impact for conveyancing in Hilperton 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 creation of new rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
My lender has suggested solicitors on their panel based in Hilperton but I would rather instruct a conveyancing lawyer in Hilperton or nearer to where I live. Are you able to assist?
Not all Hilperton conveyancing practices are on all banks conveyancing panel. Do make the most of the above search tool to choose a Hilperton conveyancing conveyancer on the on the lender panel.
We are downsizing from our property in Hilperton and according to the buyers it appears that there is a risk of it being constructed land that was not decontaminated. Any local conveyancer would know this is not the case. It does beg the question why the buyers instructed an online conveyancing outfit as opposed to a conveyancing solicitor in Hilperton. Having lived in Hilperton for many years we know that this is a non issue. Do we contact our local Authority to get clarification need.
It sounds as though you may have a conveyancing lawyer already. What do they say? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
I have been advised by numerous selling agents in Hilperton to locate a solicitor using your seach tool. What’s the financial inducement for Estate Agents to recommend your services rather than another?
We don’t give any financial incentive for directing people in our direction. We thought it would be too underhand to pay a commission as a client could think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
I need to retain a conveyancing solicitor for leasehold conveyancing in Hilperton. I have land on a web site which looks to be the ideal offering If it is possible to get all this stuff done via phone that would be ideal. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Last February I purchased a leasehold flat in Hilperton. 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 owner 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).
Leasehold Conveyancing in Hilperton - Sample of Queries Prior to buying
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The prefered form of lease structure is a share of the freehold. In this scenario the lessees have control and notwithstanding that a managing agent is often employed if it is bigger than a house conversion, the managing agent employed by the leaseholders. What prohibitions exist in the Hilperton Lease? Are there any major works in the planning that will likely add a premium to the service fees?