Would the conveyancing lawyers listed on your site carry out right to buy conveyancing in Olney?
We work with a variety of conveyancing experts carrying out right to buy conveyancing work Please call the lawyers listed with a view to secure a conveyancing quote.
I purchased a freehold premises in Olney but still charged rent, why is this and what is this?
It is rare for properties in Olney and has limited impact for conveyancing in Olney 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 many centuries, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
My wife and I have a 4 bedroom Edwardian house in Olney. Conveyancing practitioner represented me and Accord Mortgages Ltd. I did a free Land Registry search last week and I saw two entries: the first freehold, another for leasehold with the exact same address. Is it worth asking Accord Mortgages Ltd to clarify?
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Olney and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the situation with your conveyancing practitioner who conducted the work.
We expect to complete the disposal of our £150,000 apartment in Olney on Thursday in a week. The managing agents has quoted £408 for Certificate of Compliance, insurance certificate and 3 years service charge statements. Is the landlord entitled to charge exorbitant fees for a leasehold conveyance in Olney?
Olney conveyancing on leasehold flats ordinarily results in administration charges levied by landlords agents :
Addressing pre-exchange questions
Where consent is required before sale in Olney
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Leasehold Conveyancing in Olney - A selection of Questions you should ask Prior to Purchasing
Plenty Olney leasehold flats will incur a service bill for the upkeep of the block set on behalf of the freeholder. Should you purchase the flat you will have to meet this amount, normally periodically throughout the year. This could vary from several hundred pounds to thousands of pounds for blocks with lifts and large common areas. There will also be a rentcharge to be met annual, normally this is not a large amount, say around £25-£75 but you need to check it because sometimes it could be prohibitively expensive. It would be prudent to find out if there is anything that is prohibited in the lease. By way of example it is fairly common in Olney leases that pets are not permitted in certain buildings in Olney. If you love the propertyin Olney yet your cat is not allowed to move with you then you have a very hard determination.
My solicitors in Olney have advised me that they can not locate my conveyancing file. At the time of my purchase I took out a mortgage with the mortgage company. Is it case that being on the mortgage company conveyancing panel they need to have retained the file for a prescribed period?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the mortgage company Conveyancing Panel Terms. It might be worth you contacting the bank directly.