I purchased a freehold residence in Liversedge but still pay rent, why is this and what is this?
It is rare for properties in Liversedge and has limited impact for conveyancing in Liversedge 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 many centuries, but the Rent Charge Act 1977 barred the creation of new 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 will be dispensed with completely.
I am purchasing a right to buy a flat in Liversedge. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Liversedge you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Liversedge.
I am purchasing a property and the solicitor has referenced Chancel Repair for which the house may be liable given it’s proximity to the area of such a church. She has recommended insurance. Is this really required for conveyancing in Liversedge
Unless a previous acquisition of the house completed after 12 October 2013 you may assume that solicitors handling conveyancing in Liversedge to remain recommending a chancel search and or chancel repair liability insurance.
It has been three months since my purchase conveyancing in Liversedge took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I have been on the look out for a leasehold apartment up to £235,500 and found one near me in Liversedge I like with a park and railway links nearby, the downside is that it only has 51 remaining years left on the lease. There is not much else in Liversedge for this price, so just wondered if I would be making a mistake buying a short lease?
Should you need a mortgage the shortness of the lease will likely be problematic. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least twenty four months you can request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.
In searching the internet for the term cheap conveyancing in Liversedge it brings up numerous solicitorsin the area. How do I determine which is the right solicitor for the sale of my house?
The best way of seeking a suitable conveyancer is through a personal recommendation, so seek the opinion of colleagues and those you trust who have purchased a property in Liversedge or a reputable estate agent or financial adviser. Costs for conveyancing in Liversedge differ, so it's sensible to request at least three fee calculations from varying types of companies. Make sure that you know that the costs are assured not to rise.