I am expecting a mortgage with Nat West. I would like to use a Licensed Conveyancer in Chulmleigh. Does the Nat West Solicitor panel include Licensed Conveyancers?
The Nat West approved solicitor list is, like many other lenders, represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
I am the registered owner of a freehold residence in Chulmleigh yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Chulmleigh and has limited impact for conveyancing in Chulmleigh 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.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
Do the Building Society Association intend to launch a search tool with a view to to identify solicitors on the Darlington Building Society conveyancing panel for example in Chulmleigh?
We would not expect to be advised of any intention on the part of the BSA to promote such a search facility.
Looking forward to sign contracts shortly on a basement flat in Chulmleigh. Conveyancing solicitors assured me that they report fully tomorrow. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Chulmleigh should include some of the following:
Ground rent - how much and when you need to pay, and be on notice if this is subject to change Where does the liability rest to repair and maintain the building. It is essential for you to know which party is duty bound to repair and maintenance of all parts of the block and communal areas You should have a good understanding of the building insurance obligations What options are open to you if an adjoining owner is in violation of a provision in their lease? Setting out your rights in respect of the communal areas in the building.E.G., does the lease permit a right of way over an accessway or staircase?
I inherited a garden flat in Chulmleigh, conveyancing formalities finalised 9 years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding properties in Chulmleigh with a long lease are worth £216,000. The ground rent is £50 yearly. The lease comes to an end on 21st October 2091
You have 69 years remaining on your lease we estimate the price of your lease extension to be between £9,500 and £11,000 plus costs.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to provide the actual costs without more detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before getting professional advice.
Midway through the sale of a leasehold flat in Chulmleigh. Conveyancing lawyers are doing their job but we have been asked to pay an extortionate amount from the managing agents. So far we have paid £237 for a leasehold management information and then another £200 plus VAT for supplemental questions raised by the buyers property lawyer.
You will not have control over the extent of the charges for this information however the average costs for the information for Chulmleigh leasehold property is £360. For Chulmleigh conveyancing sales it is customary for the seller to pay for these costs. The freeholder or their agents are under no statutory obligation to answer such questions most will be content to do so - albeit often at exorbitant prices out of proportion to the work involved. Unfortunately there is no legislation that mandates fixed charges for administrative tasks. Neither is there any prescriptive time frame by which they are obliged to supply the information.