I purchased a freehold premises in Radcliffe yet charged rent, why is this and what is this?
It is rare for properties in Radcliffe and has limited impact for conveyancing in Radcliffe 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 establishment of fresh rentcharges post 1977.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
My husband and I are hoping to buy a 2 bedroom apartment in Radcliffe with a homeloan from The Royal Bank of Scotland.We have a Radcliffe conveyancing lawyer but The Royal Bank of Scotland informed us she’s not listed on their "panel". It seems we have no choice but to instruct a The Royal Bank of Scotland panel firm or retain our preferred solicitor and fork out for one of their panel ones to act for them. We feel as though this is unjust; is there anything we can do?
No, not really. The mortgage issued to you contains terms and conditions, a common one being that solicitors must be on the The Royal Bank of Scotland approved list. in the past, most mortgage companies 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 The Royal Bank of Scotland
I am buying a new build flat in Radcliffe. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Radcliffe
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Please confirm the Lease plans are architect prepared. Forfeiture - bankruptcy or liquidation must not apply under this provision. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
Due to the guidance of my in-laws I had a survey completed on a house in Radcliffe ahead of instructing solicitors. I have been told that there is a flying freehold aspect to the property. The surveyor advised that some banks will not issue a mortgage on this type of house.
It depends who your proposed lender is. Santander has different instructions from Halifax. Should you wish to telephone us we can look into this further 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 Radcliffe. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Radcliffe to see if the conveyancing will be more expensive.
What does commercial conveyancing in Radcliffe cover?
Radcliffe conveyancing for business premises incorporates a broad array of guidance, offered by regulated solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
Is there a distinction between surveying and conveyancing in Radcliffe?
Conveyancing - in Radcliffe or elsewhere - is the legal term given to transferring legal title of property from one person to another. It involves the checking of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you are buying and will help you find out about the condition of the building and, if there are problems, give you a powerful reason for reducing the price down or asking the vendor to remedy the defects before you complete your move.