I own a freehold premises in Walham Green but still invoiced for rent, why is this and what is this?

It is rare for properties in Walham Green and has limited impact for conveyancing in Walham Green 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 establishment of new rentcharges post 1977.

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

Do I need to pay for insurance to cover chancel repairs when acquiring a house in Walham Green?

Unless a previous acquisition of the premises completed after 12 October 2013 you may take it that lawyers carrying out conveyancing in Walham Green to continue to suggest a chancel search and or insurance against a claim.

What does commercial conveyancing in Walham Green cover?

Walham Green conveyancing for business premises incorporates a broad array of advice, offered by regulated solicitors, relating to business premises. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.

I own a ground floor flat in Walham Green, conveyancing having been completed 1995. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Walham Green with an extended lease are worth £165,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease finishes on 21st October 50

With only 50 years remaining on your lease the likely cost is going to range between £36,100 and £41,800 as well as plus your own and the landlord's "reasonable" 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 detailed investigations. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not take any other action based on this information without first getting professional advice.

My step-son is just in the process of moving house, the home loan was agreed last week in principle. One the offer was accepted on house we contacted the lender to progress the mortgage application. I was very surprised to hear that mortgage lenders do not accept all , they need to be on their approved list, is this right?

Mortgage Companies normally imposes restrictions either the type or the number of conveyancing solicitors on their approved list of lawyers. A common example of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that lenders have no responsibility for the quality of advice provided by any Walham Green on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Presumably not.