I own a freehold property in Blackfen but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Blackfen and has limited impact for conveyancing in Blackfen 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 establishment of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
I completed on my flat on 16 January and my personal details is yet to be on the land registry website. Any reason for this? My conveyancing solicitor in Blackfen said it should be dealt with in less than a month. Are transfers in Blackfen particularly slow to register?
There is nothing unique about conveyancing in Blackfen registration formalities. As opposed to being determined by geographic area, timeframes can adjust depending on the party submitting the application, whether it is in order and if the Land registry must send notices to any other parties. Currently in the region of 80% of such applications are fully addressed in less than three weeks but occasionally there can be longer hold-ups. Registration occurs after the purchaser is living at the premises so 'speed' is not always an essential issue but where there is a degree of urgency associated with the registration then you or your lawyers should speak with the land registry and explain the circumstances.
How does conveyancing in Blackfen differ for new build properties?
Most buyers of new build premises in Blackfen contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is finished. This is because house builders in Blackfen usually buy the real estate, 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 property lawyers 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 accustomed to new build conveyancing in Blackfen or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a property in Blackfen in advance of instructing lawyers. I have been advised that there is a flying freehold aspect to the property. Our surveyor has said that some mortgage companies will refuse to issue a loan on such a home.
It varies from the lender to lender. HSBC has different instructions for example to Nationwide. If you e-mail us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Blackfen. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Blackfen to see if the conveyancing will be more expensive.
I am 18 days into a freehold purchase having been referred to solicitors by the estate agent to do our conveyancing in Blackfen. I am not happy. Can you help me find new solicitors?
A solicitor would need to be very poor in order to consider replacing them. Has your loan offer been generated? In the event that it has you will need to inform them of the new contact details and get the loan are issued to the new lawyers. Your new solicitor ideally needs to be on the lenders approved list to avoid escalating costs and complications. That should be your starting point. Our search tool should help you find a lender approved conveyancer for your conveyancing in Blackfen
I am Googling for Blackfen online conveyancing estimates. Can I be confident that all the Blackfen law firms that are identified on your site are on the bank conveyancing panel?
The law firms listed on our site have assured us via an online form that they are on the bank panel and agreed to advise us to take down their listing in the event of removal off of the lender panel. To date we have not been informed by either a lender or a member of the public that the data about a specific Blackfen conveyancing solicitor being on the lender conveyancing panel is not accurate.