I am the registered owner of a freehold premises in Beadnell yet charged rent, why is this and what is this?

It is rare for properties in Beadnell and has limited impact for conveyancing in Beadnell 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 creation of fresh rentcharges post 1977.

Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.

I'm buying my first flat in Beadnell benefiting from help to buy. The developers would not reduce the price so I negotiated five thousand pounds worth of extras instead. The sale representative suggested that I not inform my solicitor about the extras as it will affect my mortgage with the lender. Do I keep my lawyer in the dark?.

All lenders require a Disclosure of Incentives Form from the builder 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 business partner and I are planning to lease a unit on a shopping parade. Can you recommend conveyancers offering competitive charges for commercial conveyancing in Beadnell for below 1500k?

We can recommend firms who have an in-depth of experience of commercial conveyancing in Beadnell, including the sale and acquisition of businesses as well as simply property. If you are hoping to purchase or sell a shop, pub, restaurant, office, retail premises or a whole business we can put you in touch with the right lawyer. Regarding the costs this will depend on the structure and heads of terms of the proposed transaction. Let us have your contact information or call us so that we may supply you with a fixed commercial conveyancing calculation.

In my capacity as executor for the estate of my uncle I am disposing of a residence in Neath but I am based in Beadnell. My lawyer (who is 300 miles awayneeds me to sign a stat dec prior to the transaction finalising. Could you suggest a conveyancing lawyer in Beadnell who can attest this legal document for me?

Technically speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or solicitor will do regardless of whether they are Beadnell based

Due to sign contracts shortly on a leasehold property in Beadnell. Conveyancing lawyers assured me that they are sending me a report within the next couple of days. Are there areas in the report that I should be focusing on?

The report on title for your leasehold conveyancing in Beadnell should include some of the following:

Does the lease require carpeting throughout thus preventing wood flooring? Whether the lease restricts you from letting out the property, or working from home Ground rent - what is due and what the invoice dates are, and also know whether this is subject to change What options are open to you if an adjoining owner breaches a clause of their lease? You must be told what counts as a Nuisance in the lease

I purchased a garden flat in Beadnell, conveyancing formalities finalised in 2006. Can you please calculate a probable premium for a statutory lease extension? Corresponding properties in Beadnell with over 90 years remaining are worth £186,000. The average or mid-range amount of ground rent is £55 levied per year. The lease finishes on 21st October 2077

You have 52 years unexpired we estimate the premium for your lease extension to range between £29,500 and £34,000 as well as professional fees.

The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information before getting professional advice.