I own a freehold house in Sileby but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Sileby and has limited impact for conveyancing in Sileby 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.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
Forgive me if this question is silly but I am new to the home buying as FTB of a two bedroom flat in Sileby. Do I collect the keys to the premises on the completion date from my conveyancer? If so, I will instruct a local conveyancing solicitor in Sileby?
On the day of completion you will not be required to go to the conveyancers office in Sileby. Your solicitors will electronically transfer the purchase money to the seller's solicitors, and shortly after the monies have arrived, you should be invited to collect the keys from the property Agents and start moving into the property. This tends to happen between 1 and 3pm.
I have instructed a Sileby solicitor having checked that they are on the TSB conveyancing panel. Does my lawyer arrange the survey of the property?
TSB will need an independent valuation of the property. Your lawyer will not arrange this. Usually TSB will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your solicitor will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Sileby postcode. As you are getting a mortgage with TSB, you could contact them to see if they have a list of approved surveyors in Sileby.
I have finally had an offer on a flat in Sileby accepted, the vendors do nevertheless have a dependent purchase. The sellers have offered on a property, but it’s not yet agreed to, and are looking at other flats booked. I have selected a high street conveyancing solicitor in Sileby. What do I do now? When do I get the mortgage application with Virgin Money started?
It is normal to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then valuation, Sileby conveyancing search charges, etc). First, you must check that your conveyancing practitioner is on the Virgin Money conveyancing panel. As to the next steps this very much dictated by the circumstances of your case, motivation for the property and on the state of the market. In a hot market many purchasers will apply for a home loan with Virgin Money and pay for the valuation and only if it was satisfactory would they request their lawyer to move forward with the conveyancing in Sileby.
I know that there are debates on Chancel Insurance on online forums. Do I require this when acquiring a property in Sileby? or I am told that there is a law dating back centuries that could mean that house owners residing in a parish church boundary may be liable to contribute towards maintenance to the chancel within the church. Is this appropriate for conveyancing in Sileby?
Unless a previous purchase of the house took place after 12 October 2013 you could expect conveyancing practitioners handling conveyancing in Sileby to continue to advocate a chancel search and or chancel repair liability policy.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on last month in what should have been a simple, chain free conveyancing. Sileby is where the house is located. What do you suggest?
Flying freeholds in Sileby are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Sileby you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Sileby may ascertain 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 property.
I am looking for a conveyancing lawyer in Sileby for my home move. Can I check a solicitor's record with the legal regulator?
One may see presented Solicitor Regulator Association (SRA) decisions resulting from investigations from 2008 onwards. Visit Check a solicitor's record. To find details about the period before 1 January 2008, or to check a solicitors history, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, dial +44 (0)121 329 6800. The regulator sometimes recorded telephone calls for training purposes.
I only have Seventy years remaining on my flat in Sileby. I now wish to extend my lease but my landlord is absent. What options are available to me?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be extended by the Court. You will be obliged to demonstrate that you have done all that could be expected to track down the freeholder. On the whole an enquiry agent may be useful to try and locate and to produce a report to be used as proof that the landlord can not be located. It is wise to seek advice from a property lawyer both on devolving into the landlord’s absence and the application to the County Court overseeing Sileby.
I own a split level flat in Sileby, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent properties in Sileby with an extended lease are worth £206,000. The average or mid-range amount of ground rent is £45 per annum. The lease terminates on 21st October 2091
With only 67 years unexpired we estimate the premium for your lease extension to span between £10,500 and £12,000 plus legals.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward based on this information before seeking the advice of a professional.