I own a freehold residence in Slough but still invoiced for rent, why is this and what is this?
It’s unusual for properties in Slough and has limited impact for conveyancing in Slough 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 generation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
I need some fast conveyancing in Slough as I am faced with pressure to sign on the dotted line in less than one month. Fortunately I do not require a mortgage. Is it possible to decline from having conveyancing searches to save fees and time?
As you are are a mortgage free purchaser you have the choice not to have searches carried out although no conveyancer would recommend that you don't. Drawing on our experience of conveyancing in Slough the following are instances of what can appear and adversely impact the marketability of the property: Refused Planning Applications, Overdue Charges, Outstanding Grants, Railway Schemes,...
3 months have elapsed since my purchase conveyancing in Slough took place. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Over the last few months I have been searching for a ground for flat up to £235,500 and identified one round the corner in Slough I like with a park and station nearby, the downside is that it only has 49 years on the lease. I can't really find anything else in Slough in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you need a mortgage that many years may be an issue. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least twenty four months you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.
My cousin has suggested that I instruct his conveyancers in Slough. Should I use them?
No doubt the ideal way to choose a conveyancing solicitor is to seek recommendations from friends or family who have used the solicitor you're are thinking of instructing.