We are soon to complete buying a house in Alderley Edge but as a consequence of damage from a small fire at the property I have managed to agree reparation from the current proprietors of £3k in the form of a adjustment in the price. This was going to be addressed as part of the conveyancing process however Yorkshire BS will not agree to this. Should they have been notified?
Your conveyancing practitioner that is on the Yorkshire BS approved list is required to disclose to Yorkshire BS of any changes to the purchase price. If you were to refuse your conveyancing practitioner to notify the price change to Yorkshire BS then they would have to discontinue acting for you. In addition, Yorkshire BS and you would have to appoint a new conveyancer for your conveyancing in Alderley Edge.
I purchased a freehold house in Alderley Edge but still charged rent, why is this and what is this?
It is rare for properties in Alderley Edge and has limited impact for conveyancing in Alderley Edge 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 generation of fresh rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
Do commercial conveyancing searches reveal planned roadworks that could impact a commercial estate in Alderley Edge?
Many commercial conveyancing solicitors in Alderley Edge will execute a SiteSolutions Highways report as it reduces the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Alderley Edge. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Alderley Edge.
For each commercial conveyancing transaction in Alderley Edge it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately may result in delays to Alderley Edge commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not conducted for residential conveyancing in Alderley Edge.
Is it simple use the search facility to find a conveyancing lawyer in Alderley Edge on the panel for my mortgage?
Step one is to choose a mortgage company such as Birmingham Midshires, Barnsley Building Society or Bank of Ireland then specify your location for instance Alderley Edge. Conveyancing organisations in Alderley Edge and further afield will then be shown.
I want to let out my leasehold flat in Alderley Edge. Conveyancing solicitor who did the purchase is retired - so can't ask him. Is permission from the freeholder required?
Some leases for properties in Alderley Edge do contain a provision to say that subletting is only allowed with permission. The landlord is not entitled to unreasonably refuse but, in such cases, they would need to review references. Experience dictates that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting permission.
I inherited a studio flat in Alderley Edge, conveyancing was carried out in 2005. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable flats in Alderley Edge with an extended lease are worth £265,000. The ground rent is £50 charged once a year. The lease ceases on 21st October 2097
With 76 years left to run we estimate the premium for your lease extension to be between £8,600 and £9,800 plus professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. There may be additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.