I purchased a freehold residence in Falconwood yet invoiced for rent, why is this and what is this?
It is rare for properties in Falconwood and has limited impact for conveyancing in Falconwood 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 generation 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 in 2037 will be dispensed with completely.
My father informed me that in purchasing a property in Falconwood there may be a number of restrictions prohibiting external changes to the property. Is this right?
We are aware of anumerous of properties in Falconwood which have some sort of restriction or requirement of consent to execute external alterations. Part of the conveyancing in Falconwood should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
My partner and I have organised the release of further funds on our mortgage from Co-operative as we intend to conduct a loft conversion to our home in Falconwood. Are we obliged to choose a local Falconwood solicitor on the Co-operative conveyancing panel to handle the legals?
Co-operative would not normally appoint firms on their conveyancing panel to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Co-operative conveyancing panel.
After weeks of negotiation I have agreed a price on an apartment in Falconwood. My financial adviser pressured me to appoint their conveyancer. I paid an advanced payment of £200. Soon after, the lawyer contacted me sheepishly admitting that they were not on the Virgin Money conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Virgin Money panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I have justbeen informed that Wolstenholmes have been shut down. They conducted my conveyancing in Falconwood for a purchase of a leasehold apartment 12 months ago. How can I be sure that my home is registered correctly in the name of the former proprietor?
The easiest way to see if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Falconwood conveyancing specialists.
I am buying my first flat in Falconwood benefiting from help to buy. The sellers would not reduce the amount so I negotiated 6k of additionals instead. The estate agent suggested that I not disclose to my lawyer about the side-deal as it will put at risk my loan with Aldermore. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am hoping to put an offer on a small detached house that seems to tick a lot of boxes, at a reasonable figure which is making it more attractive. I have just been informed that the title is leasehold as opposed to freehold. I would have thought that there are issues purchasing a leasehold house in Falconwood. Conveyancing solicitors have not yet been appointed. Will my lawyers set out the implications of buying a leasehold house in Falconwood ?
Most houses in Falconwood are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer used to dealing with such properties who can help the conveyancing process. We note that you are buying in Falconwood in which case you should be shopping around for a Falconwood conveyancing practitioner and check that they are used to transacting on leasehold houses. First you will need to check the number of years remaining. As a lessee you will not be entirely free to do whatever you want with the house. The lease comes with conditions for example requiring the freeholder’spermission to conduct alterations. You may also be required to pay a contribution towards the maintenance of the estate where the property is located on an estate. Your lawyer will advise you fully on all the issues.
I have tried to negotiate informally with with my landlord for a lease extension without success. Can the Leasehold Valuation Tribunal decide on such matters? Can you recommend a Falconwood conveyancing firm to represent me?
if there is a missing freeholder or where there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the First-tier Tribunal (Property Chamber) to determine the price payable.
An example of a Lease Extension decision for a Falconwood flat is 103a Footscray Road in January 2014. The tribunal determines that the premium payable for the extended lease should be £34,500 according to the expert witness valuation calculation This case was in relation to 1 flat.
What type of premises does your Falconwood conveyancing estimates relate to?
The quotes supplied are only relevant to standard residential premises in England & Wales. If you have any different needs such as industrial or agricultural property or commercial conveyancing in Falconwood do contact us to address this further .