I own a freehold property in Angel yet charged rent, why is this and what is this?
It is rare for properties in Angel and has limited impact for conveyancing in Angel 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 after 2037 is to be extinguished.
I have been told by my lawyer that chancel insurance is needed on my purchase. What is the level of cover for Angel conveyancing?
The right level of chancel indemnity insurance depends on your lender. It would differ for example between HSBC Bank and Bank of Scotland. Conveyancing practitioners as opposed to members of the public take out such insurances.
Can I be sure that the Angel conveyancing solicitor on the UBS panel is any good?
When it comes to conveyancing in Angel getting recommendations is a good 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 which is cheap as chips. We would always suggest that you speak with the solicitor handling your transaction.
My wife and I have arranged a further advance on our mortgage from Kent Reliance as we wish to carry out improvements to our house in Angel. Do we need to choose a high street Angel solicitor on the Kent Reliance conveyancing panel to handle the paperwork?
Kent Reliance don't usually instruct a member of their conveyancing panel to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Kent Reliance panel.
I've recently found out that there is a flying freehold element on a house I put an offer in a fortnight ago in what was supposed to be a quick, chain free conveyancing. Angel is where the house is located. Can you shed any light on this issue?
Flying freeholds in Angel are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Angel you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Angel may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Hoping to buy a property located in Angel and I am already nervous. I couldn't find anything specific about Angel. Conveyancing will be needed in due course but do you know about the Angel area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Angel. In the meantime here are some basic statistics that we found
Am I best advised to use a Angel conveyancing solicitor in close proximity to the house I am buying? I have an old university friend who can execute the legal work however they are based a couple of hundredmiles away.
The benefit of a high street Angel conveyancing firm is that you can visit the firm to sign paperwork, deliver your ID and apply pressure on them where appropriate. They will also have local knowledge which is a plus. However it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and in the main were content that must outweigh using an unknown Angel conveyancing lawyer just because they are local.
I am on look out for some leasehold conveyancing in Angel. Before I get started I want to be sure as to the number of years remaining on the lease.
If the lease is recorded at the land registry - and almost all are in Angel - 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.
Following years of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in Angel. Can we issue an application to the Residential Property Tribunal Service?
You certainly can. We can put you in touch with a Angel conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Angel residence is 29 Woodstock Road in April 2014. the Tribunal determined that the premiums to be paid into court in respect of the purchase of the freehold registered at HMLR under Title N0.SY3997 should be £7,217. This case affected 4 flats. The unexpired lease term was 98 years.