I own a freehold premises in Blagdon but still invoiced for rent, why is this and what is this?
It’s unusual for properties in Blagdon and has limited impact for conveyancing in Blagdon 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 fresh rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
I need some expedited conveyancing in Blagdon as I have pressure to sign on the dotted line within 3 weeks. A mortgage is not required. Can I escape the need for conveyancing searches to save fees and time?
If.Given you are not getting a mortgage you have the choice not to do searches although no law firm would advise that you don't. With plenty of history conveyancing in Blagdon the following are examples of what can crop up and therefore impact future saleability: Enforcement Notices, Outstanding Charges, Overdue Grants, Road Schemes,...
I have been on the look out for a flat up to £305k and found one round the corner in Blagdon I like with a park and transport links in the vicinity, the downside is that it's only got 52 years on the lease. I can't really find anything else in Blagdon in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you require a mortgage the shortness of the lease may be problematic. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of twenty four months you could request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.
Hoping to buy a property located in Blagdon and I am already nervous. I couldn't find anything specific about Blagdon. Conveyancing will be needed in due course but do you know about the Blagdon area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Blagdon. In the meantime here are some basic statistics that we found
I need to instruct a conveyancing practitioner in Blagdon for my sale. Is there any facility to see a firm’s record with the profession’s regulator?
Members of the public can read documented Solicitor Regulator Association (SRA) determinations stemming from investigations commenced on or after 1 January 2008. Visit Check a solicitor's record. To find records about the period before 1 January 2008, or to check a solicitors history, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, dial +44 (0)121 329 6800. The regulator could monitor telephone calls for training requirements.