I own a freehold property in St Leonards On Sea but still invoiced for rent, why is this and what is this?
It’s unusual for properties in St Leonards On Sea and has limited impact for conveyancing in St Leonards On Sea 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 creation of new rentcharges post 1977.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
I have been told that property searches are the number one cause of stalling in St Leonards On Sea conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the determinations of research by MoveWithUs that conveyancing searches do not feature within the top 10 causes of delays in the conveyancing process. Searches are not likely to feature in any holding up conveyancing in St Leonards On Sea.
I have todaydiscovered that Arc property Solicitors have been shut down. They conducted my conveyancing in St Leonards On Sea for a purchase of a leasehold apartment 18 months ago. How can I check that the property is not still registered in the name of the former proprietor?
The quickest way to see if the premises is in your name, 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 St Leonards On Sea conveyancing specialists.
How do I use the search app to find a conveyancing solicitor in St Leonards On Sea on the authorised to act for my lender?
1st select a mortgage company such as Birmingham Midshires, Leeds Building Society or TSB then type in your preferred area e.g. St Leonards On Sea. Conveyancing practices in St Leonards On Sea and nationally will then be listed.
All being well we will complete our sale of a £275,000 garden flat in St Leonards On Sea in just under a week. The managing agents has quoted £312 for Landlord’s certificate, building insurance schedule and previous years statements of service charge. Is the landlord entitled to charge exorbitant fees for a leasehold conveyance in St Leonards On Sea?
St Leonards On Sea conveyancing on leasehold apartments usually necessitates the buyer’s conveyancer submitting enquiries for the landlord to answer. Although the landlord is not legally bound to respond to such questions most will be willing to do so. They are entitled to invoice a reasonable charge for answering enquiries or supplying documentation. There is no set fee. The average fee for the information that you are referring to is £350, in some cases it exceeds £800. The management information fee required by the landlord must be accompanied by a summary of entitlements and obligations in relation to administration fees, otherwise the invoice is technically not due. Reality however dictates that one has little choice but to pay whatever is demanded if you want to exchange contracts with the buyer.
I bought a 2 bed flat in St Leonards On Sea, conveyancing formalities finalised in 2001. Can you work out an approximate cost of a lease extension? Corresponding properties in St Leonards On Sea with a long lease are worth £175,000. The average or mid-range amount of ground rent is £65 yearly. The lease finishes on 21st October 2084
You have 58 years left to run we estimate the price of your lease extension to range between £23,800 and £27,400 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 are no doubt other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before getting professional advice.
A licensed conveyancer handled my conveyancing in St Leonards On Sea half a dozen years ago having stored my title documents but has since been shut down – how do I get hold of these?
Title deeds, as such, no longer exist as the majority of properties in St Leonards On Sea are archived electronically at Land Registry. If you need to establish ownership or are selling or refinancing your conveyancing practitioner will need to obtain up to date copies of the register from the Land Registry in any case.
If you feel there may be other documents or you have any other queries please e-mail your request with details of the transaction and documents you need to filerequest@clc-uk.org. The CLC will let you know what information they have and any additional information they may need before they are in a position to identify and send the documents to you. Following an intervention it may take some time for the CLC to access archived files and documents, but your request will be actioned with reasonable haste.