I purchased a freehold property in Rochdale but still invoiced for rent, why is this and what is this?
It is rare for properties in Rochdale and has limited impact for conveyancing in Rochdale 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 new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
Is there a search tool that I can utilise to find out if the solicitor handling my conveyancing in Rochdale is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Nationwide Building Society thus spending £192.00 in another set of legal costs.
You should make the most of the find a lender approved solicitor tool on this page. Pick the lender and type ‘Rochdale’ or your location and you will be presented with a number of lawyer based in Rochdale or near you.
Is it necessary to pay for insurance to cover chancel repairs when buying a property in Rochdale?
Unless a previous purchase of the premises took place post 12 October 2013 you may take it that solicitors handling conveyancing in Rochdale to continue to advocate a chancel search and or insurance against a claim.
I have been on the look out for a flat up to £235,500 and found one near me in Rochdale I like with amenity areas and railway links in the vicinity, however it only has 49 years on the lease. I can't really find anything else in Rochdale suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
If you require a home loan the shortness of the lease may be problematic. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor about this matter.
I am using a search engine for the words on line conveyancing in Rochdale it reveals many conveyancersin the vicinity. With so much choice what is the best way to find the suitable property lawyer for the sale of my house?
The best way of choosing a suitable conveyancer is through a trusted recommendation, so ask colleagues and those you trust who have purchased a property in Rochdale or a local estate agent or financial adviser. Fees for conveyancing in Rochdale vary, so it's sensible to obtain at least four fee calculations from different property lawyers. Make sure that you clarify that the fees are fixed.
Back In 2002, I bought a leasehold flat in Rochdale. Conveyancing and National Westminster Bank mortgage went though with no issue. A letter has just been received from someone saying they have taken over the reversionary interest in the property. It included a ground rent demand for rent dating back to 1997. The conveyancing solicitor in Rochdale who previously acted has long since retired. Any advice?
The first thing you should do is make enquiries of HMLR to make sure that this person is in fact the new freeholder. There is no need to incur the fees of a Rochdale conveyancing solicitor to do this as it can be done on-line for a few pound. Rest assured that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Rochdale Leasehold Conveyancing - A selection of Queries Prior to buying
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Most Rochdale leasehold flats will incur a service bill for the upkeep of the building invoiced on behalf of the freeholder. Should you acquire the flat you will have to pay this contribution, normally in instalments throughout the year. This could differ from several hundred pounds to thousands of pounds for large purpose-built buildings. In all likelihood there will be a rentcharge to be met annual, this is usually not a exorbitant amount, say approximately £50-£100 but you need to check as occasionally it can be many hundreds of pounds. How many of the leaseholders are in arrears for their service charge payments?