I purchased a freehold premises in Mile End but still pay rent, why is this and what is this?

It’s unusual for properties in Mile End and has limited impact for conveyancing in Mile End 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 establishment of fresh 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 after 2037 is to be extinguished.

I require quick conveyancing in Mile End as I am under a deadline to sign on the dotted line within one month. Fortunately I do not require a mortgage. Is it possible to avoid the conveyancing searches to save fees and time?

If.Given you are not obtaining a home loan you are at free not to have searches conducted although no lawyer would suggest that you don't. With plenty of history conveyancing in Mile End the following are instances of what can show up and therefore impact future mortgageability: Enforcement Notices, Overdue Charges, Outstanding Grants, Unadopted Roads,...

I am buying a new build house in Mile End with the aid of help to buy. The developers refused to reduce the price so I negotiated £7000 of additionals instead. The house builders rep advised me not disclose to my solicitor about this deal as it will put at risk my mortgage with . Do I keep my lawyer in the dark?.

All lenders require a Disclosure of Incentives Form from the developer 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.

I am using a search engine for the phrase conveyancing in Mile End it reveals many conveyancersin the vicinity. How do I determine which is the suitable conveyancer for the sale of my house?

The best method of seeking a suitable conveyancer is through a personal referral, so ask colleagues and relatives who have purchased a property in Mile End or the reputable estate agent or mortgage broker. Charges for conveyancing in Mile End vary, so it's advisable to obtain at least four quotes from varying types of law firms. Be sure to secure confirmation that the fees are fixed.

I bought a split level flat in Mile End, 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? Similar properties in Mile End with a long lease are worth £165,000. The ground rent is £45 yearly. The lease comes to an end on 21st October 50

With only 50 years remaining on your lease we estimate the premium for your lease extension to span between £36,100 and £41,800 plus professional fees.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed investigations. You should not use the figures in tribunal or court proceedings. There may be other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first seeking the advice of a professional.