I am the registered owner of a freehold premises in Cawthorne but still invoiced for rent, why is this and what is this?
It’s unusual for properties in Cawthorne and has limited impact for conveyancing in Cawthorne 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 hundreds of years, but the Rent Charge Act 1977 barred the generation of new rentcharges post 1977.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
My Solicitor in Cawthorne is not on the Alliance & Leicester Conveyancing Panel. Can I still continue with my family solicitor notwithstanding that they are excluded from the Alliance & Leicester panel of approved conveyancing solicitors?
The limited options available to you here include:
- Carry on with your existing Cawthorne lawyers but Alliance & Leicester will need to instruct a solicitor on their panel. This will result in additional overall legal fees and result in frustration.
- Get an alternative solicitor to act in the conveyancing, obviously checking they are on the Alliance & Leicester panel
Over the last few months I have been searching for a flat up to £235,500 and found one close by in Cawthorne I like with open areas and railway links in the vicinity, the downside is that it's only got 61 years on the lease. I can't really find anything else in Cawthorne 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 mortgage that many years will be an issue. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for at least 2 years you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.
How straightforward is it to use the search app to find a conveyancing practitioner in Cawthorne on the authorised to act for my bank?
Step one is to select a lender such as National Westminster Bank, The Royal Bank of Scotland or Barclays Direct then type in your preferred area e.g. Cawthorne. Conveyancing practices in Cawthorne and across England and Wales should be identified.
Am I better off to appoint a Cawthorne conveyancing lawyer who is local to the property I am purchasing? I have an old university friend who can carry out the legal work however her office is a couple of hundredmiles drive away.
The primary upside of using a high street Cawthorne conveyancing firm is that you can visit the firm to sign paperwork, deliver your identification documents and pester them where appropriate. They will also have local intelligence which is a benefit. However nothing is more important than finding someone that will do a good and efficient job. If you know people who instructed your friend and the majority were content that must trump using an unfamiliar Cawthorne conveyancing lawyer solely due to them being round the corner.