I own a freehold premises in Rochford but still pay rent, why is this and what is this?
It is rare for properties in Rochford and has limited impact for conveyancing in Rochford 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 hundreds of years, but the Rent Charge Act 1977 barred the generation of fresh rentcharges post 1977.
Old 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 extinguished.
Can you help - my lawyer says that defective lease insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Rochford?
The right level of defective lease indemnity insurance should be dictated by who who your lender is. It would differ for example between Accord Mortgages Ltd and Virgin Money. Conveyancing solicitors as opposed to borrowers take out such policies.
My partner and I have arranged a further advance on our home loan from Skipton as we want to carry out alterations to our home in Rochford. Are we obliged to choose a high street Rochford solicitor on the Skipton conveyancing panel to deal with the legals?
Skipton do not ordinarily instruct firms on their approved list of lawyers to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Skipton list.
I am currently in the process of buying my council flat in Rochford. I have a mortgage offer with Bank of Ireland. 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 Bank of Ireland, you will need to appoint a solicitor on the Bank of Ireland conveyancing panel.
About to purchase a new build flat in Rochford. Conveyancing is daunting 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 legal work.
Here are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Rochford
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please supply a car parking plan. 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 provide evidence that the form of Lease proposed has been approved by the Land Registry.
Due to the encouragement of my in-laws I had a survey completed on a property in Rochford ahead of retaining conveyancers. I have been told that there is a flying freehold element to the house. Our surveyor advised that some banks will not grant a mortgage on such a property.
It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. Should you wish to call us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Rochford. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Rochford to see if the conveyancing costs will increase in light of this.
Is it simple use your search tool to get a fee calculation from a conveyancing solicitor in Rochford on the panel for my bank?
Step one is to pick a bank such as Halifax, Norwich and Peterborough Building Society or Alliance & Leicester then choose your preferred area a common one being Rochford. Conveyancing firms in Rochford and across England and Wales will then be identified.
I pay a service charge for my first floor flat in Rochford. As a result of personal circumstances I slipped into arrears with remittance. The management company agreed a payment plan but there is still approximately £2000 left to be paid.
I now wish to sell and I am nervous that this could threaten to derail the sale if I have to discharge the arrears in advance. I'd like to sell up and subsequently pay them back with the proceeds - is this possible?
Your property lawyer will hopefully be able to negotiate with the appropriate parties, with a new to seeing if they would accept settlement from completion monies. This is an example of why it is advisable to use a solicitor in Rochford as they may well enjoy an open line of communication with the management company.