I own a freehold premises in West London but still invoiced for rent, why is this and what is this?
It’s unusual for properties in West London and has limited impact for conveyancing in West London 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 generation of new rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
My wife and I have recently appointed a conveyancing solicitor in West London. I I am struggling to find out if they are on the Alliance & Leicester conveyancing panel. Can you advise?
The first thing you should do is contact your lawyer and ask them whether they are on the lender panel. Otherwise please get in touch with Alliance & Leicester who may be able to help.
A colleague suggested that if I am purchasing in West London I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes included in the estimate for your West London conveyancing searches. It is a large document of about 40 pages, listing and detailing significant information about West London around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, West London Education with plans and statistics, Local Amenities and other useful information regarding West London.
3 months have elapsed since my purchase conveyancing in West London concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £170,000. 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 premises 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.
I'm buying my first flat in West London with a mortgage from Norwich and Peterborough Building Society. The sellers refused to reduce the amount so I negotiated £7000 of extras instead. The sale representative suggested that I not disclose to my lawyer about the extras as it may affect my mortgage with the bank. Is this normal?.
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 planning to take an assignment of a lease of an office on the high street. Can you recommend lawyers offering fixed charges for commercial conveyancing in West London for under £1,200?
We can recommend firms who host a wealth of experience of commercial conveyancing in West London, including the disposal and acquisition of businesses as well as simply premises. Whether you are looking to purchase or lease a shop, pub, restaurant, office, retail unit or a complete business we will find you the right firm. Regarding the charges these will vary based on the structure and complexity of the deal. Let us have your details or telephone us so that we may provide you with comprehensive commercial conveyancing quote.