I am the registered owner of a freehold house in Shirley but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Shirley and has limited impact for conveyancing in Shirley 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 have existed for many centuries, but the Rent Charge Act 1977 barred the establishment of new 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 after 2037 will be extinguished.
I have been referred to a conveyancing solicitor in Shirley. I I would like to check whether they are accepted on the Yorkshire Building Society approved list of lawyers. Can you advise?
The first thing you should do is contact the lawyer and enquire if they can act for the lender. Alternatively you can call Yorkshire Building Society who may be able to assist.
I have todaybeen informed that Stirling Law have been shut down. They carried out my conveyancing in Shirley for a purchase of a leasehold flat 9 months ago. How can I be sure that my home is registered correctly in the name of the former proprietor?
The quickest way to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Shirley conveyancing specialists.
I'm buying my first flat in Shirley benefiting from help to buy. The sellers refused to budge the price so I negotiated £7000 of extras instead. The sale representative suggested that I not disclose to my conveyancer about the extras as it may adversely affect my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Looking forward to sign contracts shortly on a garden flat in Shirley. Conveyancing solicitors inform me that they report fully next week. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Shirley should include some of the following:
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Whether your lease has a provision for a sinking fund? Does the lease prevent you from letting out the flat, or having a home office for business Repair and maintenance of the premises Will you be prohibited or prevented from having pets in the property? The physical ownership of the property. This might be the flat itself but could also incorporate a roof area or storage are if appropriate.
I have attempted and failed to negotiate with my landlord to extend my lease without success. Can the Leasehold Valuation Tribunal adjudicate on such matters? Can you recommend a Shirley conveyancing firm to assist?
if there is a missing landlord or where there is disagreement about the premium for a lease extension, under the relevant legislation you can apply to the First-tier Tribunal (Property Chamber) to make a decision on the sum to be paid.
An example of a Freehold Enfranchisement decision for a Shirley property is 29 Woodstock Road in April 2014. the Tribunal determined that the premiums to be paid into court in respect of the purchase of the freehold registered at HMLR under Title N0.SY3997 should be £7,217. This case affected 4 flats. The unexpired term was 98 years.
Is planning consent necessary to change a single dwelling into two appartments in Shirley? This has been done to a property next door to my home in Shirley and was unaware of the conversion until it was done.
Planning consent is necessary for converting a single dwelling in Shirley into flats but possibly not for reverting once again to single dwelling-house so, simply put, yes.