I purchased a freehold residence in Llanrumney but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Llanrumney and has limited impact for conveyancing in Llanrumney 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 establishment of fresh rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
My fiance and I wish to acquire a 3 bedroom apartment in Llanrumney with a homeloan from Barnsley Building Society.We like our Llanrumney conveyancing lawyer but Barnsley Building Society informed us she’s not on their "panel". we are left little option but to use a Barnsley Building Society panel solicitor or retain our high street solicitor and fork out for a Barnsley Building Society panel lawyer to represent them. We feel as though this is unjust; Can we not simply insist that Barnsley Building Society use our lawyer?
Unfortunately,no. The loan issued to you is subject to its various provisions, a common one being that conveyancers needs to be on the Barnsley Building Society approved list. in the past, most banks had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Barnsley Building Society
Just had an offer accepted on a new build apartment in Llanrumney. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Llanrumney
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The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please supply a car parking plan. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please confirm the Lease plans are surveyor prepared.
Over the last few months I have been searching for a ground for flat up to £245,000 and found one near me in Llanrumney I like with amenity areas and transport links nearby, however it only has 52 remaining years left on the lease. There is not much else in Llanrumney for this price, so just wondered if I would be making a mistake acquiring a short lease?
If you need a mortgage that many years may be an issue. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of 2 years you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this.
In my capacity as executor for the estate of my father I am disposing of a property in Newport but reside in Llanrumney. My solicitor (who is 260 kilometers from meneeds me to sign a statutory declaration before completion. Could you suggest a conveyancing lawyer in Llanrumney who can witness this legal document for me?
strictly speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or solicitor will be fine regardless of whether they are based in Llanrumney
I am planning to acquire a flat and need a conveyancing solicitor in Llanrumney who is on the lender solicitor panel. Can you recommend a Llanrumney or local Llanrumney conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the mortgage company who carry out conveyancing in Llanrumney. We dont recommend any particular firm.