Would the conveyancing lawyers that are recommend conduct auction conveyancing in Norton?
We know of a number of niche solicitors we can put you in touch with those who can conduct auction conveyancing. Norton is just one of the many areas of where our lawyers are based.
I am the registered owner of a freehold residence in Norton yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Norton and has limited impact for conveyancing in Norton 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 establishment of new 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 will be extinguished.
Due to the advice of my in-laws I had a survey completed on a property in Norton in advance of appointing solicitors. I have been advised that there is a flying freehold aspect to the house. The surveyor has said that some lenders tend refuse to grant a loan on such a property.
It varies from the lender to lender. Lloyds has different requirements for example to Nationwide. Should you wish to telephone us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Norton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Norton to see if the conveyancing costs will increase in light of this.
I am looking into buying my first house which is in Norton and I am already nervous. I couldn't find anything specific about Norton. Conveyancing will be needed in due course but do you know about the Norton area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Norton. In the meantime here are some basic statistics that we found
I am in need of some leasehold conveyancing in Norton. Before I set the wheels in motion I require certainty as to the remaining lease term.
If the lease is registered - and 99.9% are in Norton - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Norton Conveyancing for Leasehold Flats - Sample of Queries before Purchasing
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It would be sensible to discover as much as possible about the company managing the building as they will either make living at the property much simpler or much more difficult. Being a leasehold owner you are often at the mercy of the managing agents both financially and when it comes to every day matters such as the upkeep of the common parts. Enquire of prospective neighbours whether they are happy with them. Finally, be sure you understand the dates that you are obliged pay the service charge to the relevant party and specifically what it includes. How many years remain on the lease? Please note if it is less than eighty years it will have adverse implications on the salability of the apartment. It is worth checking with your mortgage company that they are willing to lend given the lease term. A short lease means that you will most likely need a lease extension sooner rather than later and you need to have some idea of how much this would cost. Remember, in most cases you would need to own the property for two years in order to be legally able to carry out a lease extension.
I have just started marketing my ground floor apartment in Norton.Conveyancing is yet to be initiated but I have just received a half-yearly service charge invoice – what should I do?
Your conveyancing lawyer is likely to suggest that you should clear the service charge as normal given that all rents and service charges will be allottedas part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process