I purchased a freehold property in East Dulwich yet charged rent, why is this and what is this?
It is rare for properties in East Dulwich and has limited impact for conveyancing in East Dulwich 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 creation of fresh rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
I can see plenty of information on this site about conveyancing in East Dulwich but what is your top tip for finding the right conveyancer in East Dulwich
Do not opt for the cheapest East Dulwich conveyancing costs illustration. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
This question may be naive but I am unseasoned as a 1st time buyer of a two bedroom flat in East Dulwich. Do I pick up the keys to the property on completion from my conveyancer? If so, I will find a High Street conveyancing solicitor in East Dulwich?
There is no need to visit the lawyers office on the day of completion. Your solicitors will transfer the completion advance to the vendor’s lawyers, and shortly after the monies have arrived, you should be invited to collect the keys from the property Agents and move into your new home. Usually this occurs between 1 and 3pm.
Please help - my lawyer advises that absentee landlord insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in East Dulwich?
The appropriate level of absentee landlord indemnity insurance should be dictated by who who your lender is. It would differ for example between Barclays and Skipton Building Society. Conveyancing practitioners as opposed to members of the public take out such policies.
Various internet forums that I have come across warn that are the main reason for delay in East Dulwich conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of hindrances in the conveyancing process. Local searches are not likely to be the root cause of slowing down conveyancing in East Dulwich.
I've recently found out that there is a flying freehold issue on a property I put an offer in a fortnight ago in what was supposed to be a quick, no chain conveyancing. East Dulwich is where the house is located. Can you shed any light on this issue?
Flying freeholds in East Dulwich are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside East Dulwich you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in East Dulwich may determine 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 premises.
As co-executor for the estate of my uncle I am selling a property in Newport but I am based in East Dulwich. My lawyer (who is 250 miles awayrequires that I execute a stat dec ahead of the transaction finalising. Can you recommend a conveyancing lawyer in East Dulwich who can attest this legal document for me?
Technically speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will be fine regardless of whether they are based in East Dulwich
I need to find a mortgage company panel solicitor in East Dulwich. Could you help me?
It is not clear why you need a East Dulwich panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the mortgage company to find out which solicitors in East Dulwich are on their panel . If you do find such a firm in East Dulwich not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site