I purchased a freehold premises in Hall Green but still pay rent, why is this and what is this?

It’s unusual for properties in Hall Green and has limited impact for conveyancing in Hall Green 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 establishment of fresh rentcharges post 1977.

Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.

My wife and I are buying a house in Hall Green. It might be a silly question but how we can trust a lawyer? At some point we have to put money into their account. What is the protection we have from them run away with our monies?

Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.

Are all Hall Green Conveyancing Quality Solicitors on the Virgin Money conveyancing list of approved firms?

A selection of banks and building societies now use the accreditation scheme as the kick off point for Panel membership such as HSBC and Santander. The Law Society’s CQS membership however is no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their panels.

Completion of my remortgage has taken place for my property in Hall Green. Conveyancing was of an acceptable standard but I would like to complain about the lender. How do I make a complaint?

All lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Team at head office. In most cases complaints to a lender are resolved very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.

In what way does the Landlord & Tenant Act 1954 impact my business property in Hall Green and how can your lawyers assist?

The 1954 Act affords security of tenure to commercial tenants, giving them the a statutory right to make a request to court for a continuation of occupancy at the end of the lease term. There are limited grounds where a landlord can refuse a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing solicitors who use the act for protection and assist with commercial conveyancing in Hall Green

I am in need of some leasehold conveyancing in Hall Green. Before I set the wheels in motion I would like to find out the remaining lease term.

Assuming the lease is registered - and 99.9% are in Hall Green - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

I am the registered owner of a 1st floor flat in Hall Green, conveyancing having been completed 3 years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding properties in Hall Green with a long lease are worth £170,000. The ground rent is £50 per annum. The lease runs out on 21st October 2103

With only 79 years left to run we estimate the price of your lease extension to span between £7,600 and £8,800 as well as professional fees.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to provide a more accurate figure in the absence of detailed due diligence. Do not use this information in tribunal or court proceedings. There may be additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first seeking the advice of a professional.

Partway through the sale of a leasehold flat in Hall Green. Conveyancing is fine but we are being charged an extortionate amount by the landlord. To date we have paid £295.50 for a leasehold management pack and then a further £117.20 for additional questions raised by the buyers property lawyer.

You will not have control over the extent of the bill for this information however the average fee for the information for Hall Green leasehold premises is £380. When it comes to Hall Green conveyancing sales it is conventional for the seller to cover the costs. The landlord or their agents are under no statutory obligation to answer these questions most will agree to do so - albeit often at high prices disproportionate to the work involved. Unfortunately there is no legislation that requires fixed fees for administrative tasks. There is no statutory time limit by which they are duty bound to issue the information.