I own a freehold residence in Stanmore yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Stanmore and has limited impact for conveyancing in Stanmore 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 establishment of fresh rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
I need some expedited conveyancing in Stanmore as I have a deadline to sign on the dotted line in less than one month. Fortunately I do not need a mortgage. Is it possible to avoid the conveyancing searches to save money and time?
As you are not taking a home loan you have the choice not to have searches conducted although no solicitor would advise that you don't. With plenty of history conveyancing in Stanmore the following are examples of issues that can arise and adversely impact market value: Refused Planning Applications, Overdue Fees, Outstanding Grants, Road Schemes,...
My step-father has recommend that I instruct his conveyancers in Stanmore. Should I use them?
There are no two ways about it the best way to choose a conveyancing solicitor is to get guidance from friends or family who have actually used the conveyancer you're considering.
I today plan to offer on a house that seems to tick a lot of boxes, at a great figure which is making it all the more appealing. I have since discovered that it's a leasehold as opposed to freehold. I would have thought that there are particular concerns purchasing a leasehold house in Stanmore. Conveyancing solicitors have are about to be appointed. Will my lawyers set out the risks of buying a leasehold house in Stanmore ?
The majority of houses in Stanmore are freehold rather than leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can assist with the conveyancing process. it is apparent that you are purchasing in Stanmore in which case you should be shopping around for a Stanmore conveyancing practitioner and be sure that they have experience in dealing with leasehold houses. First you will need to check the unexpired lease term. Being a leaseholder you will not be entirely free to do whatever you want to the property. The lease comes with conditions such as requiring the freeholder’sconsent to carry out changes to the property. It may be necessary to pay a contribution towards the upkeep of the communal areas where the property is located on an estate. Your lawyer will appraise you on the various issues.
I am the registered owner of a a ground floor purpose built flat in Stanmore. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal make a decision on the premium due for a lease extension?
Most certainly. We can put you in touch with a Stanmore conveyancing firm who can help.
An example of a Lease Extension case for a Stanmore residence is 27B Hillside in February 2010. the resulting premium, all other aspects of the valuation having been agreed between the parties was set at £8,250 This case affected 1 flat. The number of years remaining on the existing lease(s) was 70.25 years.
Been on the hunt for a solicitor for leasehold sale conveyancing in Stanmore. I'm selling, uncomplicated no mortgage to redeem, no hurry, no onward purchase. Received an estimate from a solicitor for £800 plus VAT which is a little expensive considering its so straightforward. Can I pay less for conveyancing in Stanmore?
Given that it’s a sale only, £450 + VAT is likely to be about the cheapest for sale conveyancing in Stanmore.