I own a freehold property in Swanland but still charged rent, why is this and what is this?

It’s unusual for properties in Swanland and has limited impact for conveyancing in Swanland 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 generation 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 commercial conveyancing searches reveal proposed roadworks that could impact a commercial premises in Swanland?

Many commercial conveyancing solicitors in Swanland will conduct a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in sourcing accurate data on highways that impact buildings and development assets in Swanland. The report sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Swanland.

For each commercial conveyancing transaction in Swanland it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately can result in delays to Swanland commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not carried out for domestic conveyancing in Swanland.

Just acquired a detached house in Swanland , how long will it take for the Land Registry to register the transfer to my name? My Swanland conveyancing solicitor has been very slow, so I want to be certain the registration is addressed.

There is nothing unique about conveyancing in Swanland registration formalities. As opposed to being determined by geographic area, timescales can vary depending on who lodges the application, whether it is in order and whether the Land registry communicate with any 3rd parties. As of today roughly three quarters of submission are fully dealt with in less than three weeks but occasionally there can be extensive hold-ups. Historically registration is effected after the buyer is living at the premises so 'speed' is not typically top priority yet where there is a degree of urgency associated with the registration then you or your conveyancer should speak with the land registry and explain the circumstances.

I opted to have a survey carried out on a property in Swanland ahead of retaining conveyancers. I have been told that there is a flying freehold overhang to the property. My surveyor has said that some lenders may not grant a loan on this type of house.

It varies from the lender to lender. Lloyds has different instructions from Birmingham Midshires. If you contact us we can check via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Swanland. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Swanland to see if the conveyancing will be more expensive.

I am in need of some leasehold conveyancing in Swanland. Before I get started I require certainty as to the number of years remaining on the lease.

If the lease is recorded at the land registry - and almost all are in Swanland - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

I inherited a 2 bed flat in Swanland, conveyancing having been completed 3 years ago. Can you please calculate a probable premium for a statutory lease extension? Equivalent flats in Swanland with a long lease are worth £176,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease comes to an end on 21st October 2104

With just 80 years left to run the likely cost is going to range between £7,600 and £8,800 plus professional fees.

The figure above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure without more comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first getting professional advice.