I own a freehold house in New Invention yet charged rent, why is this and what is this?
It is rare for properties in New Invention and has limited impact for conveyancing in New Invention 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 generation of fresh rentcharges from 1977 onwards.
Previous 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.
We are expecting a mortgage offer soon. The lender mentioned the loan came with free conveyancing. Is the implication that I have to instruct their panel conveyancer as I would much rather instruct a local conveyancing solicitor in New Invention?
Do check but the the probability is that appoint one of their panel lawyers should you take up the "fee-free" incentive. Contact the bank to check if they offer you a monetary alternative. Some lenders have previously offered a £250 cashback as a further option in which case you could put that amount towards the cost for your conveyancing solicitor near New Invention.
This question may be naive but I am unseasoned as FTB of a two bedroom flat in New Invention. Do I collect the keys to the premises on completion from my conveyancer? If this is the case, I will find a High Street conveyancing solicitor in New Invention?
There is no need to visit the lawyers office on the day of completion. Your solicitors will arrange to send the completion advance to the seller's conveyancers, and shortly after the monies have arrived, you will be able to pick up the keys from the selling Agents and move into your new home. Usually this happens between 1 and 3pm.
Can you point me to a directory of RBS panel solicitors in New Invention on the UK Finance Lenders’ Handbook Website?
No. There is no such facility on the CML or Building Society Association websites. Very few banks make their panel listings visible over the internet. If you are in need of a New Invention solicitor on the RBS please make the most of our facility.
I have decided to exercise my right to buy my property in New Invention off the council. I have a mortgage agreed with Nationwide. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Nationwide, you will need to appoint a solicitor on the Nationwide conveyancing panel.
Is it necessary to take out insurance to protect me from financial exposure to chancel repairs when acquiring a property in New Invention?
Unless a prior acquisition of the property took place after 12 October 2013 you may take it that solicitors carrying out conveyancing in New Invention to continue to recommend a chancel search and or insurance against a claim.
How can the Landlord & Tenant Act 1954 affect my business property in New Invention and how can you help?
The 1954 Act affords a safeguard to commercial tenants, giving them the a statutory right to apply to court for a renewal tenancy and continue in occupation when the lease reaches an end. There are certain specified grounds that a landlord can refuse a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing practices who use the act for protection and handle your commercial conveyancing in New Invention
What type of property do your New Invention conveyancing estimates relate to?
The quotes provided are only relevant to standard residential premises in England & Wales. If you have any different requirements for example industrial or agricultural land or commercial conveyancing in New Invention please telephone us to consider your requirements .