I purchased a freehold house in Tanworth In Arden but nevertheless pay rent, why is this and what is this?

It is rare for properties in Tanworth In Arden and has limited impact for conveyancing in Tanworth In Arden 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 new rentcharges post 1977.

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

I am buying a end of terrace house in Tanworth In Arden. Our aim is to convert the garage to an office at the house.Will the conveyancing process include enquiries to see if these works were previously refused?

Your conveyancer should check the deeds as conveyancing in Tanworth In Arden will occasionally reveal restrictions in the title deeds which restrict certain changes or require the consent of a 3rd party. Some extensions need local authority planning permissions and approval in compliance with building regulations. Certain areas are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these issues with a surveyor before you commit yourself to a purchase.

Is it correct that all Tanworth In Arden CQS (Conveyancing Quality Scheme) solicitors are on the conveyancing panel?

It is true that some lenders now utilise CQS as the kick off point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for solicitor practices wishing to remain on their approved list of conveyancing solicitors.

Planning on purchasing a apartment in Tanworth In Arden. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.

They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Tanworth In Arden is on the conveyancing panel.

Have purchased a a semi-detached house in Tanworth In Arden , how long should it take for the Land Registry to register my title? My Tanworth In Arden conveyancing solicitor works at snail pace, so I want to check the land registry aspects are addressed.

There is nothing unique when it comes to conveyancing in Tanworth In Arden registration formalities. As opposed to being determined by geographic area, timeframes can vary subject to the party submitting the application, whether it is in order and if the Land registry communicate with any interested persons or bodies. As of today approximately three quarters of such applications are completed in less than three weeks but some can be subject to protracted hold-ups. Historically registration takes place once the new owner is living at the premises therefore an expedited registration is not always an essential issue yet where it is urgent that the the registration takes place urgently then you or your lawyers should contact the land registry and explain the circumstances.

How does conveyancing in Tanworth In Arden differ for new build properties?

Most buyers of new build property in Tanworth In Arden contact us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is completed. This is because house builders in Tanworth In Arden typically acquire 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 property lawyers 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 Tanworth In Arden or who has acted in the same development.

Back In 2001, I bought a leasehold flat in Tanworth In Arden. Conveyancing and mortgage organised. A letter has just been received from someone claiming to own the freehold. Attached was a demand for arrears of ground rent dating back to 1996. The conveyancing practitioner in Tanworth In Arden who acted for me is not around. Do I pay?

First make enquiries of the Land Registry to make sure that this person is indeed the new freeholder. There is no need to incur the fees of a Tanworth In Arden conveyancing solicitor to do this as you can do this on the Land Registry website for a few pound. Rest assured that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.

I purchased a basement flat in Tanworth In Arden, conveyancing was carried out in 1995. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Tanworth In Arden with over 90 years remaining are worth £165,000. The average or mid-range amount of ground rent is £45 levied per year. The lease expires on 21st October 50

With 50 years left to run we estimate the price of your lease extension to range between £36,100 and £41,800 as well as professional fees.

The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you move forward based on this information before seeking the advice of a professional.