I purchased a freehold residence in Petworth yet pay rent, why is this and what is this?
It’s unusual for properties in Petworth and has limited impact for conveyancing in Petworth 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 generation of new 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 in 2037 will be extinguished.
How can we know in advance if a Petworth conveyancing solicitor on the Principality panel is any good?
When it comes to conveyancing in Petworth obtaining recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advise that you speak with the solicitor carrying out your conveyancing.
We expect to receive a OIP from Yorkshire BS this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Yorkshire BS recommend any Petworth solicitors on the Yorkshire BS conveyancing panel, or is it better to go independently?
You will need to appoint Petworth solicitors independently although you'll need to choose one on the Yorkshire BS conveyancing panel. The solicitor represents both you and Yorkshire BS through the process.
My wife and I are at the point of viewing apartments in Petworth and I am now considering a potential offer. Is it premature to have a solicitor in place? I will be getting a mortgage with Co-operative.
You should start obtaining conveyancing estimates from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their contact information on to the estate agent. Given that you are seeking a mortgage with Co-operative, ask your prospective lawyers if they are on the Co-operative conveyancing panel otherwise they can't do the mortgage legal work.
I need some quick conveyancing in Petworth as I am under a deadline to complete in less than 3 weeks. Fortunately I do not require a mortgage. Is it possible to avoid the conveyancing searches to save fees and time?
As you are not taking a mortgage you are at free not to do searches although no lawyer would suggest that you don't. Drawing on our experience of conveyancing in Petworth the following are instances of issues that can crop up and therefore impact future mortgageability: Refused Planning Applications, Overdue Fees, Overdue Grants, Road Schemes,...
Yesterday I discovered that there is a flying freehold element on a house I put an offer in last month in what should have been a quick, chain free conveyancing. Petworth is where the house is located. Can you offer any assistance?
Flying freeholds in Petworth are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Petworth you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Petworth may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
In what way can the Landlord & Tenant Act 1954 affect my commercial premises in Petworth and how can you help?
The particular law that you refer to provides a safeguard to business lessees, granting the right to apply to court for a renewal lease and remain in occupation when the lease reaches an end. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing solicitors who use the act for protection and handle your commercial conveyancing in Petworth
My father-in-law has urged me to use his lawyers for conveyancing in Petworth. Do I follow his advice?
Much as we are happy to recommend a Petworth conveyancing lawyer the best way to select a conveyancing lawyer is to get feedback from friends or family who have experience in using the solicitor that you are contemplating using.