I own a freehold residence in Stokesley but nevertheless charged rent, why is this and what is this?
It is rare for properties in Stokesley and has limited impact for conveyancing in Stokesley 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 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 post 2037 is to be dispensed with completely.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in last month in what was supposed to be a straight forward, chain free conveyancing. Stokesley is where the house is located. What do you suggest?
Flying freeholds in Stokesley are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Stokesley you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Stokesley 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 to sell my property. My previous solicitors closed down. I am in need of a recommendation of a conveyancing firm. I happen to live in Stokesley if that makes a difference.
You should use our search tool to help you choose a solicitor for your conveyancing in Stokesley. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
I am thinking of appointing a conveyancing practitioner in Stokesley for my home move. Is it possible to check a solicitor's complaints history with the profession’s regulator?
One can see published Solicitor Regulator Association (SRA) determinations arising from inquisitions from 2008 onwards. Go to Check a solicitor's record. For information Pre 2008, or to check a solicitors history, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, dial +44 (0)121 329 6800. The SRA may recorded call for training requirements.
I have recently realised that I have Fifty years remaining on my flat in Stokesley. I now wish to get lease extension but my freeholder is missing. What are my options?
On the basis that you meet the appropriate requirements, 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 granted an extra 90 years by the magistrate. You will be obliged to demonstrate that you have done all that could be expected to locate the freeholder. For most situations a specialist should be helpful to conduct investigations and prepare a report to be accepted by the court as evidence that the landlord is indeed missing. It is advisable to get professional help from a conveyancer both on devolving into the landlord’s absence and the application to the County Court covering Stokesley.
I own a ground floor flat in Stokesley, conveyancing formalities finalised April 2004. Can you please calculate a probable premium for a statutory lease extension? Equivalent flats in Stokesley with an extended lease are worth £180,000. The ground rent is £65 invoiced every year. The lease expires on 21st October 2084
With just 59 years remaining on your lease we estimate the price of your lease extension to be between £20,900 and £24,200 as well as professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of comprehensive investigations. Do not use the figures 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. You should not take any other action based on this information before getting professional advice.
What advice do you have for searching for reasonably priced conveyancing in Stokesley?
First ask the people you trust who they used in the past and if they were happy with the service. Option 2 is to look on the web for conveyancing in Stokesley. Telephone two or three from the list and ask them to email you their conveyancing fees and discuss your needs with the solicitor who will conduct your conveyancing before you commit. Third is to use this site to assist you in finding the right solicitors taking into account your unique factors including location,speed, complexity and who the proposed mortgage company is.Resist the temptation to appoint £99 conveyancing solicitors in Stokesley