Recently been in touch with my conveyancing lawyer in Arley who acted for me 18 months ago asking for a conveyancing quote based on the same type of house sale & purchase (a leasehold premises and a freehold property) of similar values with a home loan from Lloyds TSB Bank. I am now being charged double. Stick with what I know or do I try and find a cheaper internet conveyancer?

The estimate does seem a tad on the high side. If you shop around you could trim some of the expense by perhaps £125. That being said, if you were content with the service the firm gave you couldlive to regret opting for an an unknown lawyer. Don't forget to be sure that the firm can also act for Lloyds TSB Bank. Do employ our search tool to select a Arley conveyancing firm on the Lloyds TSB Bank approved list of lawyers, which can often include conveyancing solicitors in Arley.

I purchased a freehold premises in Arley but still charged rent, why is this and what is this?

It’s unusual for properties in Arley and has limited impact for conveyancing in Arley 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 fresh rentcharges post 1977.

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 father pointed out to me me that in purchasing a property in Arley there may be a number of restrictions affecting the ability to carry out external alterations to the property. Is this right?

There are anumerous of properties in Arley which have some sort of restriction or requirement of consent to execute external variations. Part of the conveyancing in Arley should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

Completion of my remortgage has taken place for my property in Arley. Conveyancing was satisfactory but I would like to complain about the lender. Who do I contact should I wish to lodge a complaint?

Almost all lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Department at head office. In most cases complaints to a lender are resolved effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.

UBS have agreed my home loan in principle, my offer on a flat in Arley has been agreed to, now what?

The property agent will wish to know who your solicitors are (be sure the conveyancing practitioners are on the bank’s panel). Call up UBS or the broker and complete any appropriate forms. UBS will instruct a valuer who will get in touch with the selling agent or seller to arrange an appointment. Once carried out (assuming no problems) it takes approximately a fortnight for the mortgage offer to be issued. UBS will issue the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Arley.

I am looking for a flat up to £305k and found one round the corner in Arley I like with amenity areas and transport links in the vicinity, however it's only got 49 years unexpired on the lease. I can't really find anything else in Arley in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?

If you require a home loan the shortness of the lease may be problematic. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of twenty four months you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.

What does commercial conveyancing in Arley cover?

Arley conveyancing for business premises covers a broad array of guidance, supplied by regulated solicitors, relating to business premises. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.