I purchased a freehold premises in Penkridge yet charged rent, why is this and what is this?
It’s unusual for properties in Penkridge and has limited impact for conveyancing in Penkridge 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 creation of fresh rentcharges post 1977.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
My husband and I wish to acquire a purpose built apartment in Penkridge with a homeloan from Leeds Building Society.We would like to retain our Penkridge conveyancing lawyer but Leeds Building Society says she’s not listed on their "panel". we are left little option but to use a Leeds Building Society panel solicitor or retain our local solicitor and fork out for a Leeds Building Society panel lawyer to represent them. We feel as though this is unjust; is there anything we can do?
No, not really. The mortgage issued to you is subject to its terms and conditions, one of which will be that solicitors will be on the Leeds Building Society approved list. in the past, most lenders had large numbers of law firms on their panels: a borrower could find 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 Leeds Building Society
I opted to have a survey carried out on a property in Penkridge prior to instructing lawyers. I have been advised that there is a flying freehold aspect to the property. My surveyor has said that some lenders may not give a mortgage on such a home.
It depends who your proposed lender is. Santander has different instructions for example to Nationwide. Should you wish to call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Penkridge. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Penkridge to see if the conveyancing costs will increase in light of this.
My company is planning to lease a unit on the high street. Can you recommend solicitors offering fixed fees for commercial conveyancing in Penkridge for below £2000?
We can recommend firms who host a wealth of experience of commercial conveyancing in Penkridge, including the disposal and purchase of businesses as well as simply property. If you are hoping to purchase or sell a shop, pub, restaurant, office, retail unit or a complete business we can put you in touch with the right firm. As for the charges these will vary based on the structure and nuances of the deal. Please provide us with your contact information or call us so that we can furnish you with comprehensive commercial conveyancing calculation.
I am looking for a conveyancing lawyer in Penkridge for my home move. Is there any facility to review a solicitor's complaints history with the profession’s regulator?
Anyone may read documented Solicitor Regulator Association (SRA) determinations resulting from investigations commenced on or after Jan 2008. Visit Check a solicitor's record. For records Pre 2008, or to check a firm's record, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, use +44 (0)121 329 6800. The SRA may monitor telephone calls for training requirements.
The estate agent has recommended their conveyancing practitioner for our conveyancing in Penkridge - Is it not simpler advisable to just use them?
You need to establish if the selling agent is recommending a solicitor or introducing to a conveyancer. There are plenty of Penkridge estate agents who recommend two or three Penkridge conveyancing firms and get nothing from it.