I am the registered owner of a freehold residence in Denton but still invoiced for rent, why is this and what is this?
It’s unusual for properties in Denton and has limited impact for conveyancing in Denton 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 generation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
I have been told that property searches are the number one cause of hinderance in Denton conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published conclusions of a review by MoveWithUs that conveyancing searches do not feature amongst the common causes of delays in the conveyancing process. Local searches are not likely to feature in any delay in conveyancing in Denton.
It has been four months following my purchase conveyancing in Denton took place. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I opted to have a survey completed on a house in Denton ahead of appointing lawyers. I have been advised that there is a flying freehold overhang to the property. Our surveyor advised that some mortgage companies tend not issue a loan on a flying freehold home.
It depends who your proposed lender is. HSBC has different requirements for example to Halifax. If you contact us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Denton. Conveyancing will be smoother if you use a solicitor in Denton especially if they are familiar with such properties in Denton.
I was advised by numerous selling agents in Denton to get a quote from a conveyancer using your seach tool. What’s the financial inducement for Estate Agents to promote your services ahead of alternative conveyancing organisations?
We refuse to make any financial incentive for pointing buyers and sellers to this site. We thought it would be too underhand a fee as a client could think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
I only have 68 years left on my lease in Denton. I am keen to get lease extension but my freeholder is absent. What should I do?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be lengthened by the magistrate. However, you will be required to prove that you have made all reasonable attempts to locate the freeholder. For most situations a specialist should be useful to conduct investigations and prepare an expert document which can be accepted by the court as proof that the freeholder can not be located. It is advisable to get professional help from a property lawyer in relation to investigating the landlord’s absence and the vesting order request to the County Court covering Denton.
Denton Leasehold Conveyancing - Examples of Questions you should ask before Purchasing
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How many of the leaseholders are in arrears for their maintenance charge payments? What restrictions are there in the Denton Lease? Who are the managing agents?