I am expecting a mortgage with Nat West. I hope to enlist the help of a Licensed Conveyancer in Uxbridge. Does the Nat West Solicitor panel include Licensed Conveyancers?
The Nat West conveyancing panel is, like many other lenders, represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
I own a freehold house in Uxbridge yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Uxbridge and has limited impact for conveyancing in Uxbridge 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 creation of fresh rentcharges post 1977.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
I have 71 years remaining on my lease and need a lease extension for my flat in Uxbridge. Conveyancing solicitors on the Virgin panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 24/4/2019 the requirements read as follows :
My company is wishing to lease a unit on a shopping parade. Can you recommend conveyancers offering competitive fees for non-domestic conveyancing in Uxbridge for below 2k?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Uxbridge, including the sale and purchase of businesses as well as simply premises. If you are looking to purchase or sell a shop, pub, restaurant, office, retail unit or a whole business we can put you in touch with the right solicitor. As for the costs these will vary based on the structure and heads of terms of the proposed transaction. Please provide us with your details or email so as to enable us to provide you with comprehensive commercial conveyancing calculation.
I am looking at a couple of apartments in Uxbridge which have about forty five years left on the leases. Do I need to be concerned?
There are plenty of short leases in Uxbridge. The lease is a legal document that entitles you to use the premises for a prescribed time frame. As the lease gets shorter the saleability of the lease reduces and results in it becoming more costly to acquire a lease extension. For this reason it is often a good idea to extend the lease term. It is often difficulties arise selling premises with a short lease because mortgage lenders may be unwilling to lend money on such properties. Lease enfranchisement can be a protracted process. We advise that you seek professional assistance from a solicitor and surveyor with experience in this area.
I have given up trying to purchase the freehold in Uxbridge. Can this matter be resolved via the Leasehold Valuation Tribunal?
if there is a missing freeholder or if there is disagreement about what the lease extension should cost, under the relevant statutes it is possible to make an application to the LVT to judgment on the premium.
An example of a Freehold Enfranchisement decision for a Uxbridge flat is 164 Nestles Avenue in October 2013. The tribunal agreed with the proposed price of £20,158 for the freehold and determined that that sum is the amount to be paid into court This case related to 2 flats. The unexpired term as at the valuation date was 69 years.