I own a freehold house in Redditch yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Redditch and has limited impact for conveyancing in Redditch 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 creation of fresh rentcharges from 1977 onwards.
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.
We're in Redditch, First timers purchasing with a mortgage (lender is Virgin Money , and our solicitor is on the Virgin Money conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Virgin Money conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
We are buying a house in Redditch. I might seem paranoid but how we can trust a conveyancer? On the day of competition we have to put our life savings into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I am helping my mother sell her house in Redditch. Does the conveyancer commission an energy performance certificate or do I organise this?
After the demise of HIPs, energy performance certificates was left as a required element of selling a house. An energy performance certificate should be commissioned before the property is put on the market. This is not a task that law firms normally arrange. If you are using a Redditch conveyancing solicitor they may be willing to arrange EPC’s due to their relationships with long established local accredited person
Is there a list of Nationwide panel solicitors in Redditch on the UK Finance Lenders’ Handbook Website?
No. There is no such directory service on the CML or Building Society Association websites. Very few banks make their panel listings visible on the web. If you are seeking to appoint a Redditch solicitor on the Nationwide please make the most of our facility.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Redditch. 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 questions that you should expect your new-build leasehold conveyancing in Redditch
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Forfeiture - bankruptcy or liquidation must not apply under this provision. There must be mutual enforceability of lessee’s covenants. 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. Please supply a car parking plan.
I am looking for a leasehold apartment up to £245,000 and found one close by in Redditch I like with open areas and transport links nearby, however it's only got 61 years unexpired on the lease. I can't really find anything else in Redditch suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you require a home loan the shortness of the lease will be problematic. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least 2 years you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.
How easy is it to change a solicitor as I need to find a Redditch based firm who is on the bank conveyancing panel. Is it advisable to appoint a new law firm?
If you haven't yet appointed a conveyancer to start work and have just received an estimate as to costs, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer in Redditch that you're considering.