I own a freehold property in Moss Nook but still invoiced for rent, why is this and what is this?
It’s unusual for properties in Moss Nook and has limited impact for conveyancing in Moss Nook 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 post 1977.
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 extinguished.
Just acquired a terraced house in Moss Nook , What is the estimated time for the Land Registry to deal with the formalities evidencing the transfer to my name? My Moss Nook conveyancing solicitor works at snail pace, so I want to check the land registry aspects are concluded.
There is nothing unique when it comes to conveyancing in Moss Nook registration formalities. Rather than based on location, timescales can differ according to who lodges the application, whether it is in order and if the Land registry must send notices to any other parties. At present in the region of three quarters of such applications are fully addressed in less than three weeks but occasionally there can be protracted delays. Historically registration is effected after the new owner has moved in to the premises therefore 'speed' is not typically an essential issue but where there is a degree of urgency associated with the registration then you or your lawyers should speak with the land registry and explain the circumstances.
I'm purchasing a new build house in Moss Nook with a mortgage from Santander. The developers refused to move on the price so I negotiated 6k of extras instead. The property agent advised me not reveal to my conveyancer about this side-deal as it will adversely affect my loan with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
What does commercial conveyancing in Moss Nook cover?
Moss Nook conveyancing for business premises covers a wide range of services, offered by regulated solicitors, relating to business property. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
In my capacity as executor for the will of my uncle I am selling a house in Neath but I am based in Moss Nook. My lawyer (based 250 kilometers awayhas requested that I sign a statutory declaration before completion. Could you suggest a conveyancing practitioner in Moss Nook who can attest this legal document for me?
strictly speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will suffice regardless of whether they are based in Moss Nook
There are only Seventy years remaining on my lease in Moss Nook. I now want to extend my lease but my freeholder is can not be found. What are my options?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the magistrate. You will be obliged to demonstrate that you or your lawyers have made all reasonable attempts to locate the lessor. In some cases an enquiry agent should be useful to try and locate and to produce an expert document which can be used as evidence that the landlord is indeed missing. It is advisable to get professional help from a conveyancer both on proving the landlord’s disappearance and the vesting order request to the County Court covering Moss Nook.
I acquired a 1st floor flat in Moss Nook, conveyancing having been completed 8 years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding properties in Moss Nook with a long lease are worth £197,000. The ground rent is £55 yearly. The lease terminates on 21st October 2081
With just 55 years unexpired we estimate the price of your lease extension to be between £31,400 and £36,200 as well as legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply the actual costs in the absence of comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.