Souldretaining a Birmingham and the Black Country conveyancing practitioner make the ownership transfer easier?

Birmingham and the Black Country is a special area, where local know-how helps. The relaxed pace of life has it’s attractions – but not for your conveyancing. The solicitors that we list host wide Birmingham and the Black Country knowledge with a professional, hands-onattitude that ensures the conveyancing to progress without delay. It will certainly help where they enjoy well established relationships with financial advisers, search providers, valuers and other Birmingham and the Black Country conveyancing firms

I am the registered owner of a freehold premises in Birmingham and the Black Country but still charged rent, why is this and what is this?

It’s unusual for properties in Birmingham and the Black Country and has limited impact for conveyancing in Birmingham and the Black Country 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 creation of new rentcharges from 1977 onwards.

Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.

How does conveyancing in Birmingham and the Black Country differ for newly converted properties?

Most buyers of new build property in Birmingham and the Black Country contact us having been asked by the developer to sign contracts and commit to the purchase even before the house is ready to move into. This is because house builders in Birmingham and the Black Country tend to buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Birmingham and the Black Country or who has acted in the same development.

Yesterday I discovered that there is a flying freehold issue on a house I put an offer in last month in what should have been a quick, chain free conveyancing. Birmingham and the Black Country is where the house is located. Can you offer any guidance?

Flying freeholds in Birmingham and the Black Country are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Birmingham and the Black Country you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Birmingham and the Black Country may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.

I own a leasehold flat in Birmingham and the Black Country. Conveyancing and Yorkshire Building Society mortgage organised. A letter has just been received from someone claiming to own the freehold. It included a ground rent demand for rent dating back to 1991. The conveyancing solicitor in Birmingham and the Black Country who previously acted has long since retired. Do I pay?

First make enquiries of the Land Registry to be sure that the individual purporting to own the freehold is in fact the new freeholder. It is not necessary to instruct a Birmingham and the Black Country conveyancing firm to do this as it can be done on-line for less than a fiver. Rest assured that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.

I purchased a garden flat in Birmingham and the Black Country, conveyancing formalities finalised March 1995. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar flats in Birmingham and the Black Country with an extended lease are worth £181,000. The ground rent is £55 invoiced every year. The lease terminates on 21st October 2075

You have 50 years unexpired we estimate the premium for your lease extension to be between £31,400 and £36,200 as well as costs.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There may be additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.