I purchased a freehold property in Godstone but still charged rent, why is this and what is this?
It’s unusual for properties in Godstone and has limited impact for conveyancing in Godstone 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.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
Just bought a detached house in Godstone , What is the estimated time for the Land Registry to deal with the formalities evidencing my ownership? My Godstone conveyancing solicitor has been very slow, so I want to be certain that my purchase is recorded.
There is nothing unique when it comes to conveyancing in Godstone registration formalities. As opposed to being determined by geographic area, timeframes can adjust subject to who lodges the application, whether it is in order and whether the Land registry communicate with any interested parties. At present in the region of three quarters of such applications are fully addressed within two weeks but occasionally there can be longer hold-ups. Registration takes place once the new owner is living at the premises thus registration formalities is not typically top priority yet where there is a degree of urgency associated with the registration then you or your solicitor should communicate with the Registry to express the reasoning for an expedited registration.
I've recently found out that there is a flying freehold element on a property I have offered on two weeks back in what was supposed to be a straight forward, no chain conveyancing. Godstone is where the house is located. Can you shed any light on this issue?
Flying freeholds in Godstone are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Godstone you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Godstone may decide 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 residence.
How do I locate a Godstone law firm on the Birmingham Midshires conveyancing panel? I have a car and am happy to travel upto 10miles to meet the solicitor.
Feel free to make use of the search on this website. Please choose the lender and your location and you will see a number of Godstone conveyancing lawyers located nearest you. We have listed some Godstone conveyancing firms towards the end of this page and you can telephone them to check if they are on the Birmingham Midshires panel
I am using a search engine for the words on line conveyancing in Godstone it shows results of numerous conveyancersin the area. With so much choice what is the best way to find the right conveyancer for me?
The best method of finding a suitable conveyancer is via trusted recommendation, so ask friends and family who have bought a property in Godstone or a local estate agent or mortgage broker. Costs for conveyancing in Godstone differ, so it's sensible to secure a minimum of four estimates from different conveyancers. Dont forget to clarify that the fees are fixed.
Back In 2002, I bought a leasehold house in Godstone. Conveyancing and Chelsea Building Society mortgage organised. I have received a letter from someone claiming to own the freehold. It included a demand for arrears of ground rent dating back to 1994. The conveyancing practitioner in Godstone who acted for me is not around. What should I do?
First make enquiries of HMLR to be sure that the individual claiming to own the freehold is indeed the registered owner of the freehold reversion. You do not need to instruct a Godstone conveyancing lawyer to do this as you can do this on the Land Registry website for a few pound. You should note that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I am the proprietor of a a ground floor purpose built flat in Godstone. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal determine the sum payable for the purchase of the freehold?
Where there is a absentee freeholder or where there is dispute about the premium for a lease extension, under the relevant statutes it is possible to make an application to the LVT to arrive at the premium.
An example of a Freehold Enfranchisement case for a Godstone premises is 223 Brighton Road in September 2013. The premium payable for the acquisition freehold of the properties should be £10,934 (Ten thousand,nine hundred and thirty four pounds) This case was in relation to 3 flats. The unexpired lease term was 75 years.