I am the registered owner of a freehold premises in Pensysarn but nevertheless pay rent, why is this and what is this?
It is rare for properties in Pensysarn and has limited impact for conveyancing in Pensysarn 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 hundreds of years, 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 dispensed with completely.
I have been recommended a conveyancing solicitor in Pensysarn. I need to find out whether they are on the Alliance & Leicester conveyancing panel. Could you help?
The first thing you should do is e-mail your lawyer and enquire if they can act for the bank. Otherwise please get in touch with Alliance & Leicester who may be able to confirm.
What will a local search reveal concerning the house my wife and I buying in Pensysarn?
Pensysarn conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search company such as Onsearch The local search plays a central role in many a Pensysarn conveyancing purchase; as long as you don’t want any nasty surprises after you move into your new home. The search should supply information on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject areas.
The deeds to my property are lost. The solicitors who conducted the conveyancing in Pensysarn 5 years ago have long since closed. What are my next steps?
In today’s world there are duplicates made of almost everything, and your conveyancer will be aware precisely where to look for all the suitable documentation so you can buy or sell your property without a hitch. Where copies are not available, your conveyancer may be able to arrange cover in the form of insurance or indemnities against future claims on the property.
The estate agent has sent us the confirmation of our purchase of a new build flat in Pensysarn. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Pensysarn
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There must be mutual enforceability of lessee’s covenants. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
I'm converting the mortgage on my existing house to a BTL loan with The Royal Bank of Scotland and I will use the ballance of the raised equity as a deposit on a second property. The location we are talking about is Pensysarn. Will your lawyers be able to act for both sets of lenders and tie in the two deals?
Make use of our search tool on this site to check that the solicitors are approved by both mortgage companies. Assuming that they are the conveyancer will be able to tie up the two transactions but you should have a chat with you solicitor and make apparent your desired outcome and needs.