I purchased a freehold house in Rotherham but still invoiced for rent, why is this and what is this?

It’s unusual for properties in Rotherham and has limited impact for conveyancing in Rotherham 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 generation of fresh rentcharges post 1977.

Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.

I'm purchasing a new build house in Rotherham benefiting from help to buy. The developers would not budge the amount so I negotiated 6k of additionals instead. The property agent told me not inform my lawyer about this deal as it would impact my loan with the lender. Is this normal?.

All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

I am a couple of weeks into a leasehold purchase having been recommend to a firm by the local agent to perform conveyancing in Rotherham. I am am very frustrated with the quality of service. Could you you assist me in finding new conveyancers?

They would need to be really bad to suggest replacing them. Has your mortgage offer been generated? In the event that it has you will need to make them aware of the new contact details and have the loan are re-issued. Your new solicitor ideally needs to be on the lenders panel to avoid escalating expenses and frustration. So that should be your starting point. Our find a solicitor tool will help you find a lender approved solicitor for your conveyancing in Rotherham

When it comes to leasehold conveyancing in Rotherham what are the most common lease problems?

Leasehold conveyancing in Rotherham is not unique. Most leases are individual and drafting errors can sometimes mean that certain sections are not included. For example, if your lease is missing any of the following, it could be defective:

Clauses dealing with recovering service charges for expenditure on the building or common parts.

You will encounter a problem when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Barclays , Chelsea Building Society, and Britannia all have express requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to provide security, obliging the purchaser to withdraw.

I own a leasehold flat in Rotherham, conveyancing was carried out March 2006. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Rotherham with an extended lease are worth £181,000. The ground rent is £55 levied per year. The lease terminates on 21st October 2076

With only 51 years left to run we estimate the premium for your lease extension to span between £30,400 and £35,200 plus legals.

The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There may be other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.

I am in the market for a responsive conveyancing solicitor in Rotherham to buy a flat. I I am fearful of being overcharged but with so many Rotherham conveyancing organisations to choose from...who do I opt for?

If you have never used a conveyancer previously, a personal recommendation through relatives or friends is a preferable starting point and is often a good barometer of quality. As an alternative option, view the Law Society’s regional list of conveyancing solicitors in Rotherham or make use of our search facility to select a conveyancing lawyer in Rotherham.