I am the registered owner of a freehold residence in Bedford Park but still charged rent, why is this and what is this?
It’s unusual for properties in Bedford Park and has limited impact for conveyancing in Bedford Park 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 establishment of new rentcharges post 1977.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
I am buying a property and need a conveyancing solicitor in Bedford Park who is on the Platform Home Loans Ltd conveyancing. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Platform Home Loans Ltd in certain locations such as Bedford Park. We dont recommend any particular firm.
Will our solicitor be making enquiries concerning flooding as part of the conveyancing in Bedford Park.
Flooding is a growing risk for conveyancers conducting conveyancing in Bedford Park. Plenty of people will buy a house in Bedford Park, fully aware that at some time, it may be flooded. However, aside from the physical damage, if a property is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or sell the property. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Conveyancers are not best placed to give advice on flood risk, however there are a numerous checks that can be carried out by the purchaser or on a buyer’s behalf which can give them a better appreciation of the risks in Bedford Park. The standard property information forms sent to a purchaser’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard question of the seller to discover whether the premises has ever been flooded. If flooding has previously occurred which is not revealed by the vendor, then a buyer could issue a compensation claim as a result of such an inaccurate answer. The purchaser’s conveyancers will also commission an enviro report. This will higlight if there is a recorded flood risk. If so, further investigations should be carried out.
I have todayfound out that Arc property Solicitors have been shut down. They carried out my conveyancing in Bedford Park for a purchase of a leasehold flat 9 months ago. How can I check that my home is registered correctly in the name of the previous owner?
The easiest method to check 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 Bedford Park conveyancing specialists.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on a fortnight ago in what was supposed to be a simple, no chain conveyancing. Bedford Park is where the house is located. What do you suggest?
Flying freeholds in Bedford Park are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Bedford Park you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bedford Park may ascertain 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 property.
Hoping to buy a property located in Bedford Park and I am already nervous. I couldn't find anything specific about Bedford Park. Conveyancing will be needed in due course but do you know about the Bedford Park area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Bedford Park. In the meantime here are some basic statistics that we found