I own a freehold property in West Yorkshire but still charged rent, why is this and what is this?
It is rare for properties in West Yorkshire and has limited impact for conveyancing in West Yorkshire 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 date back many centuries, but the Rent Charge Act 1977 barred the generation of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
We hope to to purchase with Earl Shilton BS. I called into 3 or 4 local companies yet am struggling to find a West Yorkshire conveyancing firm on the Earl Shilton BS panel. Please you assist?
Please do make use of the search tool on this web page. Pick the lender and type West Yorkshire or your location and you will see numerous solicitors based in West Yorkshire or near you.
I am the only beneficiary of my late grandmother’s estate with all property in now in my sole name, including the my former home in West Yorkshire. Conveyancing formalities meant that the Land Registry date was in May. I plan to dispose of the house. I do know about the Mortgage Lenders 6 month 'rule', meaning my proprietorship will be regarded the same way as if I'd bought the house in May. Do I have to wait 6 months to sell?
The CML handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be affected by that. How sensible a view lenders take of it, depend on the bank as this obligation primarily exists to pick up on the purchase and immediately sell or the quick reselling of properties.
How can we know in advance if a West Yorkshire conveyancing solicitor on the Lloyds panel is any good?
When it comes to conveyancing in West Yorkshire seeking recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the lawyer carrying out your transaction.
I am currently in the process of buying my council flat in West Yorkshire. I have a mortgage offer with UBS. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with UBS, you will need to appoint a solicitor on the UBS conveyancing panel.
I am on look out for some leasehold conveyancing in West Yorkshire. Before I get started I require certainty as to the number of years remaining on the lease.
If the lease is recorded at the land registry - and 99.9% are in West Yorkshire - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
West Yorkshire Leasehold Conveyancing - A selection of Queries before buying
Where a West Yorkshire lease has no more than eighty years it will have adverse implications on the salability of the property. Check with your lender that they are willing to lend given the lease term. Leases with less than 80 years remaining means that you will most likely have to extend the lease sooner rather than later and you need to have some idea of what this will be. For most West Yorkshirelease extensions you would need to own the residence for two years in order to be legally able to carry out a lease extension. Be sure to find out if there is anything that is prohibited in the lease. For instance plenty of leases prohibit pets being permitted in in a block in West Yorkshire. If you like the apartmentin West Yorkshire however your dog is not allowed to live with you then you will be faced hard compromise. The answer will be useful as a) areas can result in problems in the block as the communal areas may begin to deteriorate where repairs remain unpaid b) if the leaseholders have a dispute with the running of the building you will wish to have complete disclosure
I am due to review estimates for conveyancing in West Yorkshire from numerous conveyancer and appoint one. Am I right to ask them to hold tight until I a suitable flat to buy.
We suggest that you wait to get your conveyancer to commence work and apply for searches once the offer has been agreed to on the property especially as West Yorkshire conveyancing searches are a couple of hundred pounds.