I own a freehold residence in Northern Moor but nevertheless invoiced for rent, why is this and what is this?

It’s unusual for properties in Northern Moor and has limited impact for conveyancing in Northern Moor 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 establishment of new rentcharges post 1977.

Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.

I am assisting my sister sell her house in Northern Moor. Does the conveyancer order an energy assessment or it is for the owner to see to?

Following the abolition of HIPs, EPC’s was kept a compulsory element of selling a house. An energy assessment needs to be commissioned in advance of the property being advertised. This is not as aspect of the sale process that lawyers ordinarily arrange. If you are using a Northern Moor conveyancing practitioner they might be able to arrange energy performance certificates due to their relationships with long established Northern Moor energy assessors

I am the sole beneficiary of my late father’s estate and I have everything in my name alone, including the house in Northern Moor. The Northern Moor property was put into my name in April. I plan to dispose of the property. I do know about the Mortgage Lenders six month 'rule', which means that my property ownership may be treated the same way as though I had purchased the house in April. Is the property unsalable for six months?

The CML handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be caught by that. How sensible a view lenders take of it, depend on the lender as this requirement is chiefly there to pick up on subsales or the flipping of properties.

I am due to exchange contracts on my apartment. I had a double glazing fitted in August 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Co-operative are being a right pain. The Northern Moor solicitor who is on the Co-operative conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Co-operative are insisting on a building regulation certificate. Why do Co-operative have a conveyancing panel if they don't accept advice from them?

It is probably the case that Co-operative have referred the matter to their valuer. The reason why Co-operative may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.

I am looking for a flat up to £245,000 and identified one near me in Northern Moor I like with open areas and station nearby, however it's only got 49 years unexpired on the lease. There is not much else in Northern Moor in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?

If you need a home loan the shortness of the lease will be a potential deal breaker. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.

I've found a house that seems to tick a lot of boxes, at a reasonable figure which is making it more attractive. I have just been informed that the title is leasehold as opposed to freehold. I am assuming that there are particular concerns buying a house with a leasehold title in Northern Moor. Conveyancing lawyers have are about to be appointed. Will they explain the issues?

Most houses in Northern Moor are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area who can help the conveyancing process. it is apparent that you are purchasing in Northern Moor so you should seriously consider looking for a Northern Moor conveyancing solicitor and check that they are used to dealing with leasehold houses. As a matter of priority you will need to check the number of years remaining. As a tenant you will not be entirely free to do whatever you want with the house. The lease comes with conditions for example requiring the landlord’sconsent to conduct changes to the property. You may also be required to pay a contribution towards the upkeep of the estate where the house is located on an estate. Your lawyer should advise you fully on all the issues.

Leasehold Conveyancing in Northern Moor - Sample of Queries Prior to Purchasing

Please tell me if there are any major works in the near future that will increase the service charges? If a Northern Moor lease has no more than eighty years it will have adverse implications on the marketability of the flat. It is worth checking with your lender that they are content with remaining years on the lease. A short lease means that you will almost definitely require a lease extension sooner rather than later and it is worth finding out what this would cost. For most Northern Moorlease extensions you would need to own the premises for two years in order to be legally able to extend the lease. It would be prudent to discover as much as possible about the managing agents as they will either make life much easier or uncomfortable. As the proprietor of a leasehold property you will be in the clutches of the managing agents both financially and when it comes to practical matters such as the cleanliness of the communal areas. Enquire of other people what they think of them. In conclusion, be sure you understand the dates that you are obliged pay the service charge to the managing agents and specifically how they are spending that money.

The mortgage offer from a bank for the remortgage of my 3 bedroom garden flat is expected imminently. Are you able to suggest a cheap remortgage conveyancing law firm in Northern Moor ?

You are on the wrong site if you are in need of a cheap conveyancing in Northern Moor. Our intention is to offer excellent value conveyancing but our intention is not to advertise as being the cheapest. Avoid the trap of appointing brokers offering £99 conveyancing in Northern Moor.At best, in opting for cheap conveyancing, you will get what you pay for and at worst you will end up paying a lot in extras and still not get the service required.