I purchased a freehold house in Meir yet invoiced for rent, why is this and what is this?

It’s unusual for properties in Meir and has limited impact for conveyancing in Meir 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 establishment of fresh 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 after 2037 is to be dispensed with completely.

Yesterday I discovered that there is a flying freehold issue on a house I have offered on last month in what should have been a simple, no chain conveyancing. Meir is the location of the property. Can you offer any guidance?

Flying freeholds in Meir are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Meir you would need to get your solicitor to go 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 Meir may determine 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 premises.

I'm refinancing my existing property to a BTL loan with Coventry Building Society and I will use the ballance of the raised equity as a down payment on further house. The area we are talking about is Meir. Will your conveyancers be able to act for the two lenders and link together the two deals?

Make use of our search tool on this page to be sure that the solicitors are on the appropriate lender panels. On the basis that they are the lawyer should be able to connect the two deals but you should have a chat with you conveyancer and make apparent your expectations and requirements.

All being well we will complete the sale of our £325,000 garden flat in Meir in 8 days. The management company has quoted £420 for Landlord’s certificate, insurance certificate and 3 years statements of service charge. Is it legal for a freeholder to charge exorbitant fees for a flat conveyance in Meir?

For most leasehold sales in Meir conveyancing will involve, questions about the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :

Addressing conveyancing due diligence enquiries Where consent is required before sale in Meir Copies of the building insurance and schedule Deeds of covenant upon sale Registering of the assignment of the change of lessee after a sale

Your solicitor will have no control over the level of the charges for this information but the average costs for the information for Meir leasehold premises is £350. For Meir conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are obliged to supply the information.

I purchased a split level flat in Meir, conveyancing having been completed in 2010. How much will my lease extension cost? Comparable flats in Meir with an extended lease are worth £190,000. The ground rent is £65 levied per year. The lease runs out on 21st October 2087

You have 61 years left to run the likely cost is going to span between £18,100 and £20,800 as well as costs.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of detailed due diligence. You should not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.

I note that you have a search directory identifying firms on the mortgage company conveyancing panel. Do Meir conveyancing firms pay you a commission if I instruct them for my own house purchase?

We are a listing service only for law firms wishing to communicate if they are on the mortgage company conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Meir.