I purchased a freehold house in Brent Cross yet charged rent, why is this and what is this?
It is rare for properties in Brent Cross and has limited impact for conveyancing in Brent Cross 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 fresh 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.
Me and my brother own a renovated Georgian house in Brent Cross. Conveyancing lawyer acted for me and Aldermore. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, the second leasehold under the matching property. I'd like to know for sure, how can I find out??
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Brent Cross and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the situation with your conveyancing lawyer who conducted the work.
How does conveyancing in Brent Cross differ for new build properties?
Most buyers of new build residence in Brent Cross contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is built. This is because builders in Brent Cross usually purchase the land, 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 accustomed to new build conveyancing in Brent Cross or who has acted in the same development.
I was recommended by a number of property agents in Brent Cross to find a property lawyer on your site. What’s the financial advantage for Estate Agents to market your site over and above a competitor’s?
We refuse to give any referral fee for sending work in our direction. We thought it would be too underhand a fee as members of the public would think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
My brother has urged me to instruct his conveyancing solicitors in Brent Cross. Should I use them?
There are no two ways about it the ideal way to find a conveyancing solicitor is to have recommendations from friends or family who have used the firm that you are contemplating using.
What type of property do your Brent Cross conveyancing quotes apply to?
The quotes issued are only applicable to standard domestic homes in England & Wales. Should you have any different needs for instance industrial or agricultural property or commercial conveyancing in Brent Cross do contact us to address this further .