I own a freehold property in Ince in Makerfield but still invoiced for rent, why is this and what is this?
It’s unusual for properties in Ince in Makerfield and has limited impact for conveyancing in Ince in Makerfield 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 from 1977 onwards.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
Is it necessary during the course of the conveyancing process to pop into the offices of the solicitor to execute the mortgage deed? If so, I will choose one who does conveyancing in Ince in Makerfield so that I can pop in to their offices if required.
Nowadays approved lawyers for banks carry out all of the communications through the post, internet or over phone calls. This means that they can undertake the conveyancing transaction regardless of where you live in the country. That being said you should check if you have the option of attending the offices of your conveyancing lawyer if needed.
My wife and I purchased a 4 bedroom Edwardian property in Ince in Makerfield. Conveyancing practitioner represented me and TSB. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, another for leasehold under the exact same address. If a house is not a freehold shouldn't I have been informed?
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Ince in Makerfield and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the position with your conveyancing lawyer who carried out the work.
I need to find a conveyancing solicitor for purchase conveyancing in Ince in Makerfield. I have discover a web site which appears to be the ideal solution If there is a chance to get all formalities completed via phone that would be preferable. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Having had my offer accepted I require leasehold conveyancing in Ince in Makerfield. Before diving in I want to be sure as to the number of years remaining on the lease.
Assuming the lease is registered - and 99.9% are in Ince in Makerfield - 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.
Leasehold Conveyancing in Ince in Makerfield - A selection of Questions you should consider before Purchasing
How much is the maintenance charge and ground rent on the property? How is the lease structured? Be sure to enquire if there is anything that is prohibited in the lease. For instance it is reasonably common in Ince in Makerfield leases that pets are not permitted in certain buildings in Ince in Makerfield. If you love the propertyin Ince in Makerfield yet your cat is not allowed to move with you then you will be presented with a hard choice.