Can the conveyancing solicitors identified via your search tool perform attended exchange conveyancing in Oldland?

There are a few conveyancing experts who can conduct 24hr exchanges. You should call us to obtain a conveyancing quote and details as to dates.

I purchased a freehold premises in Oldland but nevertheless pay rent, why is this and what is this?

It is rare for properties in Oldland and has limited impact for conveyancing in Oldland 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 one off payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.

If you had a top tip for selecting a conveyancing solicitor in Oldland what would it be?

Do not opt for the lowest Oldland conveyancing costs illustration. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.

How can we tell if a Oldland conveyancing solicitor on the Aldermore panel is any good?

When it comes to conveyancing in Oldland seeking recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advise that you speak with the solicitor handling your transaction.

My husband and I are at the point of viewing houses in Oldland and I am about to put in an offer. Should I already have a property lawyer in place at this point? I intend to finance via a mortgage with RBS.

You should start requesting conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the EA. As you are seeking a mortgage with RBS, ask your prospective lawyers if they are on the RBS conveyancing panel otherwise they can't do the mortgage legal work.

How does conveyancing in Oldland differ for newly converted properties?

Most buyers of new build or newly converted property in Oldland contact us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is built. This is because developers in Oldland usually 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 conveyancers 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 used to new build conveyancing in Oldland or who has acted in the same development.

I've recently bought a leasehold house in Oldland. Am I liable to pay service charges for periods before completion of my purchase?

In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

Oldland Leasehold Conveyancing - Examples of Queries before buying

On the whole the outlay for major works tend not to be built into the maintenance charges, albeit that some managing agents in Oldland require tenants to contribute towards a sinking fund and this is used to offset against major works. You will want to discover as much as possible about the managing agents as they can either make your living at the property much easier or uncomfortable. Being a leasehold owner you will be at the mercy of the managing agents from a financial perspective and when it comes to day to day issues such as the cleanliness of the common parts. Enquire of prospective neighbours what they think of them. Finally, find out the dates that you are obliged pay the service charge to the relevant party and precisely how they are spending the funds. This information is important as a) areas may result in problems for the building as the communal areas may start to deteriorate where repairs are not paid for b) if the leaseholders have an issue with the running of the building you will want to have all the details