I am the registered owner of a freehold property in Rhoose but still charged rent, why is this and what is this?
It’s unusual for properties in Rhoose and has limited impact for conveyancing in Rhoose 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.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
We are planning to purchase with Norwich and Peterborough Building Society. We have called around locally yet am unable to find a Rhoose conveyancing firm on the Norwich and Peterborough Building Society panel. Please you assist?
Feel free to make the most of the search tool on this site. Please choose the mortgage company and type Rhoose or your preferred area and you will see numerous solicitors based in Rhoose or nearest you.
is it true that all Rhoose conveyancing solicitors on the Coventry BS conveyancing panel are governed by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Coventry BS conveyancing panel they would need to be regulated by the SRA. The majority of banks do permit licenced conveyancers on their panel and in such a situation the practice would be governed by the CLC.
I have decided to exercise my right to buy my property in Rhoose off the council. I have a mortgage agreed with Nottingham. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Nottingham, you will need to appoint a solicitor on the Nottingham conveyancing panel.
I am due to exchange contracts on my apartment. I had a double glazing fitted in February 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Barclays are being a right pain. The Rhoose solicitor who is on the Barclays conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Barclays are requiring a building regulation certificate. Why do Barclays have a conveyancing panel if they don't accept advice from them?
It is probably the case that Barclays have referred the matter to their valuer. The reason why Barclays may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I require quick conveyancing in Rhoose as I have pressure to complete within one month. A home loan is not required. Can I avoid the conveyancing searches to save fees and time?
If.Given you are not taking a mortgage you have the choice not to have searches conducted although no solicitor would advise that you don't. Drawing on years of experience of conveyancing in Rhoose the following are examples of issues that can be revealed and adversely impact market value: Enforcement Notices, Outstanding Fees, Overdue Grants, Road Schemes,...
Yesterday I discovered that there is a flying freehold issue on a property I have offered on two weeks back in what was supposed to be a quick, no chain conveyancing. Rhoose is where the house is located. What do you suggest?
Flying freeholds in Rhoose are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Rhoose you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Rhoose may decide 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 residence.
I am on look out for some leasehold conveyancing in Rhoose. Before diving in I want to be sure as to the remaining lease term.
Assuming the lease is registered - and 99.9% are in Rhoose - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I purchased a ground floor flat in Rhoose, conveyancing having been completed in 2012. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent properties in Rhoose with over 90 years remaining are worth £197,000. The average or mid-range amount of ground rent is £55 invoiced annually. The lease terminates on 21st October 2081
You have 55 years remaining on your lease the likely cost is going to span between £31,400 and £36,200 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure without more comprehensive investigations. You should not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.