I own a freehold residence in Buckhurst Hill yet pay rent, why is this and what is this?
It’s unusual for properties in Buckhurst Hill and has limited impact for conveyancing in Buckhurst Hill 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 generation of fresh rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
What does a local search tell me concerning the house I am buying in Buckhurst Hill?
Buckhurst Hill conveyancing often commences with the ordering local authority searches directly from your local Authority or through a personal search organisations for example Searches UK The local search plays a central role in many a Buckhurst Hill conveyancing purchase; as long as you don’t want any nasty once you have moved into your property. The search should reveal information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic areas.
How does conveyancing in Buckhurst Hill differ for newly converted properties?
Most buyers of new build residence in Buckhurst Hill come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is ready to move into. This is because builders in Buckhurst Hill usually acquire 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 conveyancers 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 used to new build conveyancing in Buckhurst Hill or who has acted in the same development.
I have been recommended by two or three local estate agents in Buckhurst Hill to locate a property lawyer using your seach tool. Is there a financial upside for Estate Agents to offer your site rather than another?
We refuse to give any commission for sending work our way. We found it would be just too difficult a fee because home movers will think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
As co-executor for the will of my grandmother I am selling a property in Swansea but I am based in Buckhurst Hill. My solicitor (approximately 235 kilometers awayneeds me to execute a stat dec prior to the transaction finalising. Could you suggest a conveyancing lawyer in Buckhurst Hill to witness this legal document for me?
strictly speaking you should not need to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will be fine regardless of whether they are Buckhurst Hill based
Is planning consent necessary to change a single dwelling into two flats in Buckhurst Hill? This has taken place to a house opposite to my home in Buckhurst Hill and was ignorant of it happening until it was finished.
Planning consent is required for converting a single house in Buckhurst Hill into apartments but probably not for reverting once again to single dwelling-house so, in answer to your query, yes,a it is required.