I own a freehold premises in Uppingham but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Uppingham and has limited impact for conveyancing in Uppingham 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 post 1977.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
The Uppingham conveyancing firm that I recently instructed on my house acquisition in Uppingham have without warning shut down. I only went with them because I needed a lawyer on the Virgin Money conveyancing panel and my family Uppingham lawyer was not. I gave my credit card details for them to take £195 for searches. What do I do now?
Assuming that you have an Estate Agent in the equation then let them know immediately so that they can let the sellers know that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Virgin Money conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to assist.
I'm purchasing my first flat in Uppingham with a loan from Halifax. The developers refused to move on the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent advised me not to tell my conveyancer about this side-deal as it will jeopardize my mortgage with Halifax. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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.
My company is wishing to take over a lease of a shop on a shopping parade. Can you recommend solicitors offering no-move-no charges for commercial conveyancing in Uppingham for less than £2000?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Uppingham, including the disposal and purchase of businesses as well as simply property. Whether you are intending to purchase or dispose of a shop, pub, restaurant, office, retail unit or a whole business we can find you the right lawyer. Regarding the charges this will depend on the structure and complexity of the deal. Please provide us with your contact information or telephone so as to enable us to supply you with comprehensive commercial conveyancing quote.
I need to appoint a conveyancing solicitor for freehold conveyancing in Uppingham. I have land on a web site which appears to be the perfect solution If it is possible to get all the legals done via email that would be ideal. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?