I am the registered owner of a freehold property in Stocksbridge but still pay rent, why is this and what is this?
It is rare for properties in Stocksbridge and has limited impact for conveyancing in Stocksbridge 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 one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
What does a local search inform me concerning the house my wife and I buying in Stocksbridge?
Stocksbridge conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search company for example Searches UK The local search plays an important role in many a Stocksbridge conveyancing purchase; that is if you don’t want any nasty surprises after you move into your new home. The search will provide data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic headings.
I purchased a terraced Edwardian house in Stocksbridge. Conveyancing solicitor acted for me and Yorkshire Building Society. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, the second leasehold with the exact same property. If a house is not a freehold shouldn't I have been informed?
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Stocksbridge and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the position with the conveyancing solicitor who carried out the work.
I'm purchasing my first flat in Stocksbridge with a mortgage from Clydesdale. The sellers would not budge the amount so I negotiated £7000 of additionals instead. The sale representative suggested that I not disclose to my solicitor about this side-deal as it would put at risk my loan with Clydesdale. Should I keep quiet?.
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.
My business partner and I are looking to lease a unit on the high street. Can you recommend lawyers offering competitive fees for commercial conveyancing in Stocksbridge for less than 2k?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Stocksbridge, including the disposal and purchase of businesses as well as simply property. If you are hoping to acquire or lease a shop, pub, restaurant, office, retail unit or a complete business we can find you the right lawyer. Regarding the costs this will depend on the structure and nuances of the deal. Let us have your contact information or phone so as to enable us to supply you with comprehensive commercial conveyancing calculation.
Been reading online that Stocksbridge solicitors are more costly than licensed conveyancers in Stocksbridge to use when buying a property. Am I better off using a conveyancer or a solicitor if I am buying for my home move in Stocksbridge.
When it comes to conveyancing in Stocksbridge the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.