I am the registered owner of a freehold house in Piccadilly but nevertheless charged rent, why is this and what is this?
It is rare for properties in Piccadilly and has limited impact for conveyancing in Piccadilly 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 post 1977.
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.
I used Action Conveyancing several years past for my conveyancing in Piccadilly. Now, I need the documents however the law firm is no longer operating. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Piccadilly of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am looking for a ground for flat up to £195,000 and found one near me in Piccadilly I like with open areas and station in the vicinity, however it only has 61 remaining years left on the lease. I can't really find anything else in Piccadilly suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a home loan the remaining unexpired lease term will be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this.
My company is planning to lease a unit on a shopping parade. Can you recommend lawyers offering no-move-no fees for non-domestic conveyancing in Piccadilly for under £2000?
We can recommend firms who host a wealth of experience of commercial conveyancing in Piccadilly, including the sale and purchase of businesses as well as simply premises. If you are intending to buy or lease a shop, pub, restaurant, office, retail unit or a complete business we can find you the right firm. Regarding the fees this will depend on the structure and terms of the deal. Let us have your details or telephone us so that we can supply you with a fixed commercial conveyancing quote.
Me and my partner are hoping to buy a 2 room bungalowin Piccadilly with a residential mortgage from a lender. We wish to instruct our solicitor in Piccadilly yet our lender says she’s not on their "panel". Apparently we need to choose from the our lender panel solicitors or keep our Piccadilly solicitor and pay for one of their panel ones to represent our lender. This seems very unfair; is there anything we can do?
Unfortunately,no. The bank mortgage issued is subject to its terms and conditions, one of which will be that solicitors will on the lender's conveyancing panel. in the past, most lenders had open panels, including most conveyancing solicitors in Piccadilly : a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for your mortgage company.