I am the registered owner of a freehold house in Little Burstead yet pay rent, why is this and what is this?
It is rare for properties in Little Burstead and has limited impact for conveyancing in Little Burstead 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 many centuries, but the Rent Charge Act 1977 barred the generation of new 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 after 2037 is to be extinguished.
Is there a search tool that I can use to check that the solicitor carrying out my conveyancing in Little Burstead is on the mortgage lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Platform Home Loans Ltd thus spending £187.00 plus VAT in supplemental conveyancing costs.
Feel free to make use of the search tool on this site. Please choose the lender and type ‘Little Burstead’ or your preferred area and you will discover numerous conveyancers located in Little Burstead or nearest you.
I purchased my apartment on 13 July and the transaction details is not yet registered. Should I be concerned? My conveyancing solicitor in Little Burstead expressed confidence that it would be concluded in a couple of weeks. Are properties in Little Burstead uniquely lengthy to register?
As far as conveyancing in Little Burstead is concerned, registration is no faster or slower than the rest of the country. Rather than based on location, timeframes can differ subject to who lodges the application, whether there are errors and whether the Land registry communicate with any third persons or bodies. Currently approximately 80% of submission are fully dealt with in less than three weeks but some can be subject to protracted delays. Registration takes place after the new owner is living at the premises so post completion formalities is not always primary concern yet if there is a degree of urgency associated with the registration then you or your solicitor could communicate with the Registry to express the reasoning for the application to be prioritised.
I decided to have a survey carried out on a property in Little Burstead in advance of instructing solicitors. I have been told that there is a flying freehold element to the house. The surveyor has said that some banks tend refuse to give a mortgage on such a premises.
It depends who your proposed lender is. HSBC has different requirements from Halifax. If you call us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Little Burstead. Conveyancing will be smoother if you use a solicitor in Little Burstead especially if they are accustomed to such properties in Little Burstead.
My husband and I are first time buyers - agreed a price, yet the estate agent told us that the owners will only proceed if we use the agent's recommended conveyancers as they are insisting on an ‘expedited deal’. We would rather use a local solicitor who is accustomed to conveyancing in Little Burstead
It is unlikely the vendors are behind this. If they want ‘a quick sale', turning down a motivated purchaser is likely to cause more damage than good. Bypass the agents and go straight to the sellers and make sure they comprehend that (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you are chain free (d) you wish to move quickly (e)but you intend to appoint your preferred Little Burstead conveyancing solicitors - not the ones that will provide their negotiator at the agency a referral fee or hit his conveyancing figures set by HQ.
I own a leasehold house in Little Burstead. Conveyancing and The Mortgage Works mortgage organised. A letter has just been received from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1993. The conveyancing solicitor in Little Burstead who previously acted has long since retired. Do I pay?
First make enquiries of the Land Registry to be sure that the individual claiming to own the freehold is indeed the registered owner of the freehold reversion. You do not need to incur the fees of a Little Burstead conveyancing solicitor to do this as it can be done on-line for less than a fiver. You should note that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I inherited a leasehold flat in Little Burstead, conveyancing formalities finalised 5 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable properties in Little Burstead with over 90 years remaining are worth £186,000. The average or mid-range amount of ground rent is £55 per annum. The lease terminates on 21st October 2079
You have 53 years unexpired the likely cost is going to be between £27,600 and £31,800 plus professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure without more detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before seeking the advice of a professional.