I own a freehold property in Halesowen but still charged rent, why is this and what is this?
It is rare for properties in Halesowen and has limited impact for conveyancing in Halesowen 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 establishment of fresh 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.
If you had a top tip for selecting a conveyancing solicitor in Halesowen what would it be?
Do not opt for the cheapest Halesowen conveyancing fees. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
We are planning to move home in July. Does my conveyancing solicitor update the removal company on the day of completion. On a separate note, can you suggest a removal company in Halesowen. Conveyancing lawyer was chosen before I stumbled across your page.
On the day of completion you can collect the keys from your estate agent however this can only take place when the previous owners solicitors confirm to the agent that the monies to complete are in and the keys can be handed over. You can inform the removal company that they can start moving you in. We are not in a position to suggest a particular removal company but can assist you in choosing a residential property solicitor in Halesowen or a lawyer that specialises in conveyancing in Halesowen.
The mortgage over my property is with TSB for my property in Halesowen. Conveyancing was finalised some time ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform TSB?
You must advise TSB in advance of renting your property as this is likely to be a breach of TSB’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact TSB directly. You need not do this via a TSB conveyancing panel solicitor.
Over the last few months I have been searching for a flat up to £245,000 and identified one near me in Halesowen I like with a park and railway links in the vicinity, the downside is that it only has 52 years unexpired on the lease. I can't really find anything else in Halesowen suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
If you need a mortgage the remaining unexpired lease term will likely be problematic. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least twenty four months you could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
What tools are available to search for a Halesowen law firm on the Virgin Money conveyancing panel? I drive a motor bike and am happy to travel upto 10kilometers to meet the solicitor.
You can use the facility on this website. Please select a bank and your location and you will see a number of Halesowen conveyancing lawyers located nearest you. We have detailed some Halesowen conveyancing firms towards the end of this page and you can telephone them to see if they are on the Virgin Money panel
My husband and I are first time buyers - agreed a price, yet the agent advised that the seller will only go ahead if we instruct the agent's preferred conveyancers as they want a ‘quick sale’. Our preferred option is to instruct a high street solicitor accustomed to conveyancing in Halesowen
It is improbable the owners are behind this. If they desire ‘a quick sale', turning down a serious buyer is not the way to achieve this. Speak to the vendors direct and explain that (a)you are motivated purchasers (b)you are ready to go, with finances in place © you are chain free (d) you wish to move quickly (e)however you intend to appoint your own,trusted Halesowen conveyancing firm - not the ones that will earn the estate agent a commission or meet his conveyancing thresholds set by senior management.