I am the registered owner of a freehold residence in Torquay but nevertheless pay rent, why is this and what is this?
It is rare for properties in Torquay and has limited impact for conveyancing in Torquay 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 hundreds of years, but the Rent Charge Act 1977 barred the generation of new rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
We are planning to buy with Coventry BS. We have called around locally but cant to find a Torquay conveyancing firm on the Coventry BS panel. Can you assist?
Please do take advantage of the search tool on this page. Pick the lender and type Torquay or your preferred area and you will discover numerous solicitors located in Torquay or near you.
It has been four months since my purchase conveyancing in Torquay took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How do I identify a Torquay law firm on the Skipton Building Society conveyancing panel? I have wheels and am prepared to travel upto 10miles to meet the conveyancer.
Feel free to make use of the facility on this website. Please choose the lender and your location and you will see a number of Torquay conveyancing lawyers located nearest you. We have listed some Torquay conveyancing firms at the bottom of this page and you can ring them to see whether they are on the Skipton Building Society approved list
In surfing the internet for the term conveyancing in Torquay it shows results of numerous solicitorsin the area. With so much choice what is the best way to find the right property lawyer for the sale of my house?
The ideal method of choosing the right conveyancer is through a personal referral, so seek the opinion of friends and family who have purchased a property in Torquay or a respected estate agent or financial adviser. Fees for conveyancing in Torquay differ, so it's advisable to request at least three costs illustrations from different property lawyers. Dont forget to clarify what costs in the quote includes.
I have just started marketing my 2 bed flat in Torquay. Conveyancing lawyers have not yet been instructed, but I have just had a half-yearly maintenance charge invoice – Do I pay up?
It best that you discharge the service charge as normal given that all rents and maintenance charges will be apportioned as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I inherited a leasehold flat in Torquay, conveyancing was carried out 3 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent properties in Torquay with a long lease are worth £195,000. The average or mid-range amount of ground rent is £45 levied per year. The lease comes to an end on 21st October 2090
You have 64 years unexpired we estimate the price of your lease extension to be between £14,300 and £16,400 as well as legals.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed 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. Neither should you take any other action placing reliance on this information before getting professional advice.