I am the registered owner of a freehold property in Harrold but still pay rent, why is this and what is this?
It’s unusual for properties in Harrold and has limited impact for conveyancing in Harrold 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 fresh rentcharges post 1977.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
Despite weeks of looking the Title Certificate and documents to our house are lost. The conveyancers who did the conveyancing in Harrold 10 years ago have long since closed. Will I be able to sell the house?
Assuming the title is registered the details of your proprietorship will be retained by HMLR with a Title Number. It is easy to carry out a search at the Land Registry, locate your house and obtain current copies of the property title for less than a fiver. Where the property is Leasehold then the Land Registry will in most cases hold a certified duplicate of the Registered Lease and again, a copy can be ordered for a small fee.
Over the last few months I have been searching for a leasehold apartment up to £305k and found one round the corner in Harrold I like with amenity areas and railway links nearby, however it's only got 61 years on the lease. There is not much else in Harrold for this price, so just wondered if I would be making a grave error purchasing a short lease?
If you need a mortgage that many years may be an issue. Reduce the price by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of twenty four months you can 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 and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.
In scouring the web for the phrase conveyancing in Harrold it reveals many solicitorslocally. How do I determine which is the suitable conveyancing solicitor for my move?
The preferential method of seeking a suitable conveyancer is via trusted testimonial, so enquire of friends and relatives who have acquired a property in Harrold or a local estate agent or financial adviser. Fees for conveyancing in Harrold differ, so it's sensible to secure at least four quotes from varying types of law firms. Be sure to secure confirmation that the fees are fixed.
My cousin is purchasing a studio flat in Harrold. He has received a fee estimate by the conveyancer suggested by the estate agents totaling £1250 . It was eight years ago I sold and purchased a home and the fee was £495. Have fees really gone up that much?
We would recommend that you call 3 or 4 local Harrold conveyancing solicitors seeking estimates. You should base your decision not only on cost, but on promptness and on how comprehensive the reply was.