Having been referred to your site we were about to appoint conveyancing solicitor in Burton Latimer endorsed by you but stumbled across some other quotes on the internet appear cheaper – how come?

There are a variety of solicitors marketing at first sight what seems to be very low prices. You should give due consideration about how much you respect your own move to you are willing to take 'cheap' risks over the quality of the legal work. Many of them highlight a budget quote to catch your eye but conceal additional costs in the small print..

I am the registered owner of a freehold property in Burton Latimer yet charged rent, why is this and what is this?

It is rare for properties in Burton Latimer and has limited impact for conveyancing in Burton Latimer 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 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 is to be dispensed with completely.

Are there restrictive covenants that are commonly picked up as part of conveyancing in Burton Latimer?

Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Burton Latimer. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

I am looking for a flat up to £235,500 and found one near me in Burton Latimer I like with a park and transport links in the vicinity, the downside is that it only has 49 remaining years left on the lease. There is not much else in Burton Latimer in this price bracket, so just wondered if I would be making a grave error buying a short lease?

If you need a mortgage that many years may be an issue. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of twenty four months you can ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.

I am in need of some leasehold conveyancing in Burton Latimer. Before diving in I want to be sure as to the remaining lease term.

If the lease is recorded at the land registry - and 99.9% are in Burton Latimer - then the leasehold title will always include the short particulars 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.

Burton Latimer Conveyancing for Leasehold Flats - Sample of Questions you should ask Prior to buying

The answer will be useful as a) areas can cause problems in the block as the common areas may start to deteriorate where maintenance remain unpaid b) if the leasehold owners have a dispute with the running of the building you will wish to know about it Its a good idea to discover as much as you can concerning the managing agents as they will impact your use and enjoyment of the property. Being a leasehold owner you are often in the clutches of the managing agents both financially and when it comes to practical matters like the cleanliness of the common parts. Don't be afraid to ask prospective neighbours if they are happy with their service. In conclusion, investigate as to the dates that the maintenance charges are due to the relevant party and specifically what you get for your money. Is anyone aware of any major works in the planning that will likely add a premium to the service fees?