I own a freehold house in Rusholm but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Rusholm and has limited impact for conveyancing in Rusholm 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 creation 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 in 2037 is to be dispensed with completely.
A relative informed me that in buying a property in Rusholm there could be various restrictions prohibiting external alterations to the property. Is this right?
There are anumerous of properties in Rusholm which have some sort of restriction or requirement of consent to perform external variations. Part of the conveyancing in Rusholm should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I have today made my last payment due on my mortgage with Nationwide. I assume I don't need a Rusholm solicitor on the Nationwide panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Nationwide mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Nationwide mortgage from the register. Nationwide, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Nationwide has sent the Land Registry the discharge electronically, and
- Nationwide has instructed the Land Registry to do so
About to purchase house in Rusholm. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the HSBC conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Rusholm solicitor is on the HSBC conveyancing panel.
What will a local search reveal concerning the property we're buying in Rusholm?
Rusholm conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search organisations for instance Searchflow The local search is essential in every Rusholm conveyancing purchase; as long as you don’t want any unpleasant once you have moved into your property. The search will reveal data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject headings.
Yesterday I discovered that there is a flying freehold element on a house I have offered on a fortnight ago in what should have been a quick, no chain conveyancing. Rusholm is the location of the property. Can you offer any advice?
Flying freeholds in Rusholm are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Rusholm you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Rusholm 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 property.
Is planning consent required to change a house into multiple flats in Rusholm? This has occurred to a property opposite to a friend in Rusholm and was not aware of the conversion until the works were complete.
Planning Consent yes. Building Regulations yes.