I own a freehold property in Alvechurch but still charged rent, why is this and what is this?

It’s unusual for properties in Alvechurch and has limited impact for conveyancing in Alvechurch 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.

Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.

We wanted to use a property lawyer in Alvechurch for our house purchase. Our broker informed us that our mortgage lenders Britannia won't deal with them. Why is this not regarded as unfair competition?

A bank will require an approved conveyancer act for it. You would be expected to meet the charges for this. Do use our directory service to locate a solicitor to conduct conveyancing in Alvechurch on the Britannia member panel.

What makes your site different to alternative online quote calculators for conveyancing in Alvechurch?

At this site receive an accurate quote via a Solicitor or Licensed Conveyancer that understands the nuances for your conveyancing in Alvechurch. Unlike many estate agents and brokerage sites we do not charge firms a fee if you choose them for your property ownership legalities in Alvechurch

Having checked my lease I have discovered that there are only 68 years remaining on my lease in Alvechurch. I am keen to get lease extension but my landlord is missing. What options are available to me?

If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the magistrate. You will be obliged to demonstrate that you have made all reasonable attempts to find the freeholder. For most situations a specialist may be useful to conduct investigations and to produce an expert document to be used as evidence that the landlord can not be located. It is advisable to get professional help from a conveyancer both on devolving into the landlord’s absence and the vesting order request to the County Court covering Alvechurch.

Alvechurch Conveyancing for Leasehold Flats - Sample of Queries before buying

On the whole the outlay for major works tend not to be included within service charges, although there some managing agents in Alvechurch require leasehold owners to contribute towards a sinking fund and this is used to offset against major works. The prefered form of lease structure is a share of the freehold. In this scenario the tenants have control and notwithstanding that a managing agent is often retained where it is larger than a house conversion, the managing agent is directed by the tenants. If a Alvechurch lease has fewer than 80 years it will affect the salability of the apartment. It is worth checking with your mortgage company that they are happy with residual term of the lease. A short lease means that you will almost definitely require a lease extension at some point and you need to have some idea of how much this will be. For most Alvechurchlease extensions you would be required to have owned the residence for a couple of years in order to be legally able to extend the lease.

We have an offer in principle from Alliance & Leicester who have advised that they will lend up to £400k. When do I need to appoint a practitioner for conveyancing? Alvechurch is where we are .

It would be wise to instruct a solicitor now requesting that they open a file on your behalf. This will trigger: 1) the estate agent to issue a Sales Memo to all parties 2) the seller’s solicitor to submit the draft contract. That being said, do not ask your conveyancing practitioner to start searches until you have your valuation report from Alliance & Leicester and you are willing to move forward.