I have given 2 months notice to my existing landlord and have to vacate my rented flat in Crewe by 25/11/2021. Conveyancing on my purchase is progressing. How realistic is it to complete in 5 weeks as don't want to have to find temporary accommodation?
Generally one should not serve notice on a rental unless exchange of contracts has taken place. Assuming that you have not already done so, update to your lawyer and request that they chase the other solicitors, try to an acceptable time-line that all parties will look to achieve
I purchased a freehold house in Crewe yet charged rent, why is this and what is this?
It is rare for properties in Crewe and has limited impact for conveyancing in Crewe 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 creation of new 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 post 2037 will be extinguished.
I've recently found out that there is a flying freehold element on a house I have offered on last month in what was supposed to be a simple, no chain conveyancing. Crewe is where the house is located. Is there any advice you can give?
Flying freeholds in Crewe are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Crewe you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Crewe may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
My father has recommend that I appoint his conveyancers in Crewe. Should I find my own solicitor?
No doubt it’s preferable to find a conveyancing lawyer is to seek recommendations from friends or relatives who have previously instructed the firm that you are considering.
Having checked my lease I have discovered that there are only 68 years unexpired on my flat in Crewe. I need to get lease extension but my landlord is can not be found. What options are available to me?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be lengthened by the magistrate. You will be obliged to prove that you have used your best endeavours to track down the freeholder. In some cases an enquiry agent would be helpful to try and locate and to produce an expert document which can be accepted by the court as evidence that the landlord can not be located. It is advisable to get professional help from a solicitor in relation to devolving into the landlord’s disappearance and the vesting order request to the County Court covering Crewe.
I invested in buying a leasehold flat in Crewe, conveyancing was carried out 9 years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Crewe with a long lease are worth £227,000. The ground rent is £50 invoiced every year. The lease finishes on 21st October 2093
With only 72 years left to run we estimate the premium for your lease extension to be between £9,500 and £11,000 plus legals.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first seeking the advice of a professional.