Would the conveyancing solicitors identified via your search tool execute attended exchange conveyancing in Aston?
We do have a number of conveyancing experts carrying out attended exchanges. You should contact us to receive a conveyancing quote and details as to dates.
I own a freehold residence in Aston but still charged rent, why is this and what is this?
It’s unusual for properties in Aston and has limited impact for conveyancing in Aston 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 hundreds of years, but the Rent Charge Act 1977 barred the generation of new rentcharges post 1977.
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 extinguished.
We wanted to use a property lawyer in Aston for our house move. Our broker informed us that our bank Barnsley Building Society won't deal with them. Why is this not regarded as unfair competition?
A mortgage company can insist on a panel solicitor act for it. Borrowers are liable to meet the charges for this. Do use our search facility to choose a solicitor to conduct conveyancing in Aston on the Barnsley Building Society member panel.
I opted to have a survey carried out on a property in Aston before instructing conveyancers. I have been told that there is a flying freehold overhang to the property. The surveyor advised that some lenders tend not grant a loan on this type of home.
It depends who your proposed lender is. HSBC has different instructions from Nationwide. Should you wish to call us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Aston. Conveyancing will be smoother if you use a solicitor in Aston especially if they regularly deal with such properties in Aston.
I have just appointed agents to market my 2 bed apartment in Aston. Conveyancing lawyers have not yet been instructed, but I have just received a quarterly maintenance charge invoice – should I leave it to the buyer to sort out?
Your conveyancing lawyer is likely to suggest that you should discharge the service charge as normal given that all ground rent and maintenance charges should be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I purchased a leasehold flat in Aston, conveyancing was carried out half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Aston with over 90 years remaining are worth £180,000. The ground rent is £65 yearly. The lease comes to an end on 21st October 2084
With just 59 years remaining on your lease we estimate the premium for your lease extension to be between £20,900 and £24,200 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to provide the actual costs without more detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.