I own a freehold house in Upton Upon Severn but still pay rent, why is this and what is this?

It’s unusual for properties in Upton Upon Severn and has limited impact for conveyancing in Upton Upon Severn 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 have existed for many centuries, 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 post 2037 is to be extinguished.

My stepmother informed me that in purchasing a property in Upton Upon Severn there may be a number of restrictions affecting the ability to carry out external alterations to a property. Is this right?

There are a number of properties in Upton Upon Severn which have some sort of restriction or requirement of consent to perform external changes. Part of the conveyancing in Upton Upon Severn should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

I am being advised by my solicitor that lack of planning permission insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Upton Upon Severn?

The appropriate level of lack of planning permission indemnity insurance should be dictated by who who your lender is. It would differ for example between Santander and Bank of Scotland. Conveyancing practitioners as opposed to borrowers take out such insurances.

Intending to buy a apartment in Upton Upon Severn. 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 HSBC 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 Upton Upon Severn property lawyer is on the HSBC conveyancing panel.

I have recentlybecome aware that Action Conveyancing have closed. They carried out my conveyancing in Upton Upon Severn for a purchase of a leasehold apartment 10 months ago. How can I check that my home is registered correctly in the name of the previous owner?

The easiest way to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Upton Upon Severn conveyancing specialists.

How does conveyancing in Upton Upon Severn differ for newly converted properties?

Most buyers of new build property in Upton Upon Severn come to us having been asked by the developer to sign contracts and commit to the purchase even before the house is constructed. This is because new home sellers in Upton Upon Severn usually buy the site, 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 conveyancing solicitors 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 Upton Upon Severn or who has acted in the same development.

Do you have any advice for leasehold conveyancing in Upton Upon Severn from the point of view of saving time on the sale process?

• A significant proportion of the delay in leasehold conveyancing in Upton Upon Severn can be avoided where you appoint lawyers the minute you market your property and ask them to collate the leasehold information needed by the buyers’ lawyers.
The majority of freeholders or managing agents in Upton Upon Severn levy fees for providing management packs for a leasehold home. You or your lawyers should find out the actual amount of the charges. The management pack sought on or before finding a buyer, thus accelerating the process. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most frequent cause of delay in leasehold conveyancing in Upton Upon Severn. If there is a history of conflict with your freeholder or managing agents it is very important that these are settled prior to the flat being put on the market. The purchasers and their solicitors will be reluctant to purchase a flat where there is an ongoing dispute. You may need to swallow your pride and discharge any arrears of service charge or resolve the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You will still have to reveal details of the dispute to the purchasers, but it is clearly preferable to reveal the dispute as historic as opposed to ongoing. If you have carried out any alterations to the residence would they have required Landlord’s permission? Have you, for example laid down wooden flooring? Most leases in Upton Upon Severn state that internal structural changes or addition of wooden flooring calls for a licence from the Landlord acquiescing to such alterations. Should you dont have the paperwork in place you should not communicate with the landlord without checking with your lawyer before hand.

Upton Upon Severn Leasehold Conveyancing - Sample of Questions you should ask Prior to Purchasing

For many Upton Upon Severn leaseholds the outlay for major works are not incorporated into the maintenance charges, although there some managing agents in Upton Upon Severn ask tenants to pay into a reserve fund created for the specific intention of building a fund for larger repairs or maintenance. The prefered form of lease structure is a share of the freehold. In this arrangement the leaseholders have being in charge if their destiny and although a managing agent is often retained where it is larger than a house conversion, the managing agent retained by the leaseholders.