I have given 8 weeks notice to my current landlord and must leave my rented property in Maghull by the end of next month. Conveyancing for my house purchase is progressing. Is it possible to complete in a couple of weeks as don't want to have to find short term accommodation?
The normal practice is not to give notice on a rental until exchange of contracts has taken place. Assuming that you have not already done so, contact to your solicitor and urge them to they seek the assistance the sellers lawyers, try to a target completion date that all parties will aim towards
I am the registered owner of a freehold residence in Maghull but still invoiced for rent, why is this and what is this?
It’s unusual for properties in Maghull and has limited impact for conveyancing in Maghull 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 establishment of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
I require quick conveyancing in Maghull as I am under an ultimatum to sign on the dotted line in less than 4 weeks. Thankfully I do not require a mortgage. Is it possible to avoid the conveyancing searches to save money and time?
If.Given you are are a mortgage free purchaser you have the choice not to have searches carried out although no law firm would recommend that you don't. Drawing on our experience of conveyancing in Maghull the following are instances of what can be revealed and adversely impact future mortgageability: Refused Planning Applications, Outstanding Charges, Overdue Grants, Road Schemes,...
Yesterday I discovered that there is a flying freehold issue on a house I have offered on two weeks back in what should have been a simple, chain free conveyancing. Maghull is the location of the property. Can you shed any light on this issue?
Flying freeholds in Maghull are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Maghull you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Maghull may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I own a leasehold house in Maghull. Conveyancing and Virgin Money mortgage organised. A letter has just been received from someone claiming to own the freehold. It included a ground rent demand for rent dating back to 1992. The conveyancing practitioner in Maghull who acted for me is not around. What should I do?
The first thing you should do is contact the Land Registry to be sure that this person is in fact the new freeholder. You do not need to incur the fees of a Maghull conveyancing solicitor to do this as it can be done on-line for £3. Rest assured that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I own a garden flat in Maghull, conveyancing having been completed in 2001. How much will my lease extension cost? Equivalent flats in Maghull with an extended lease are worth £206,000. The ground rent is £45 levied per year. The lease runs out on 21st October 2091
With just 66 years remaining on your lease we estimate the premium for your lease extension to span between £12,400 and £14,200 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There may be additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information without first getting professional advice.
I have chosen a Maghull conveyancing solicitor for our house purchase (first time buyers) and have noticed in the Ts and Cs that they are not governed by the Financial Conduct Authority. Should I be concerned or is that usually the case with property lawyer?
We can't see why they should be. Most lawyer don't lend money. They should be regulated by the SRA, who set specific stipulations in place on monies held by them.