I purchased a freehold premises in Kingstanding but nevertheless charged rent, why is this and what is this?
It is rare for properties in Kingstanding and has limited impact for conveyancing in Kingstanding 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 creation of new 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 dispensed with completely.
Having spent time looking at moneysavingexpert.com for a conveyancing lawyer in Kingstanding, most comment that I must instruct a CQS accredited lawyer. Can you explain what CQS is?
The Law Society's Conveyancing Quality Scheme is the recognised kitemark for legal experts in home ownership transfers, trusted by some of the UK's leading mortgage companies. Four years ago the Conveyancing Quality Scheme was officially recognised by the Building Societies Association (BSA). The scheme does not cover licenced conveyancers. Kingstanding is one of the numerous areas in England and Wales where there are Accredited lawyers.
I am one month into a leasehold purchase having been referred to solicitors by the estate agent to perform conveyancing in Kingstanding. We are not happy. Can you help me find new lawyers?
A conveyancer would have to be really bad in order to consider changing them. Has your mortgage offer been generated? In the event that it has you need to make them aware of the new contact details and ensure the loan are issued to the new lawyers. Your new solicitor ideally needs to be on the banks approved list to avoid escalating charges and delays. So that should be your first question of the new solicitors. The find a solicitor tool can assist you in finding a lender approved solicitor for your home move in Kingstanding
Due to exchange soon on a studio apartment in Kingstanding. Conveyancing lawyers assured me that they report fully on Monday. What should I be looking out for?
The report on title for your leasehold conveyancing in Kingstanding should include some of the following:
Additions to the flat Setting out your legal entitlements in relation to the communal areas in the building.For example, does the lease contain a right of way over an accessway or staircase? You should be told what counts as a Nuisance in the lease Whether the landlord has obligations to ensure rights of quiet enjoyment over your property and do you know what it means in practice? Details of the parties to the lease, for example these could be the leaseholder, head lessor, landlord
I acquired a 1st floor flat in Kingstanding, conveyancing having been completed 7 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent properties in Kingstanding with over 90 years remaining are worth £165,000. The average or mid-range amount of ground rent is £50 per annum. The lease ends on 21st October 2102
With 78 years unexpired we estimate the premium for your lease extension to range between £7,600 and £8,800 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before getting professional advice.
My husband and I are searching for an affordable conveyancing lawyer in Kingstanding to purchase a home. I want to avoid being ripped off and there are plenty Kingstanding conveyancing solicitors to choose from...who do I opt for?
Where you’ve not used a solicitor before, a personal recommendation from relatives or friends is a great place to start and is often the best indicator of quality. Alternatively, view the Law Society’s regional directory of solicitors in Kingstanding or make use of our search tool to locate a conveyancing solicitor in Kingstanding.