I own a freehold residence in Harringay but still pay rent, why is this and what is this?
It’s unusual for properties in Harringay and has limited impact for conveyancing in Harringay 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 hundreds of years, but the Rent Charge Act 1977 barred the generation of new 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 will be extinguished.
Forgive me if this question is silly but I am new to the process as FTB of a ground floor flat in Harringay. Do I receive the keys to the property on the completion date from my conveyancer? If so, I will appoint a local conveyancing solicitor in Harringay?
On the day of completion you do not need to attend the conveyancers office in Harringay. Conveyancing lawyers for you will electronically transfer the purchase money to the seller's conveyancers, and shortly after the monies have arrived, you will be called to collect the keys from the property Agents and move into your new home. Usually this occurs early afternoon.
We are getting a further advance on our mortgage from Nationwide as we want to conduct a loft conversion to our house in Harringay. Do we need to appoint a bricks and mortar Harringay solicitor on the Nationwide conveyancing panel to handle the legals?
Nationwide don't usually instruct firms on their approved list of lawyers to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Nationwide conveyancing panel.
I am selling my apartment. I had a double glazing fitted in May 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Skipton are being pedantic. The Harringay solicitor who is on the Skipton conveyancing panel is saying indemnity insurance will be fine but Skipton are insisting on a building regulation certificate. Why do Skipton have a conveyancing panel if they don't accept advice from them?
It is probably the case that Skipton have referred the matter to their valuer. The reason why Skipton may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I'm buying a new build house in Harringay with a mortgage from Coventry Building Society. The developers would not budge the price so I negotiated 6k of extras instead. The estate agent suggested that I not reveal to my conveyancer about this deal as it would impact my mortgage with the bank. 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 looking to sell my property. My previous lawyers has retired. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Harringay if that affects matters.
Do use our search tool to help you choose a solicitor for your conveyancing in Harringay. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
In searching the internet for the phrase on line conveyancing in Harringay it reveals many property lawyerslocally. How do I determine which is the suitable conveyancing solicitor for purchase transaction?
The best method of seeking a suitable conveyancer is through a trusted referral, so seek the guidance of colleagues and family who have acquired a property in Harringay or a respected estate agent or mortgage broker. Costs for conveyancing in Harringay vary, so it's advisable to request a minimum of four quotes from varying types of companies. Make sure that you clarify what costs in the quote includes.
I have just appointed agents to market my basement flat in Harringay. Conveyancing lawyers have not yet been instructed, however I have recently received a yearly maintenance charge demand – Do I pay up?
Your conveyancing lawyer is likely to suggest that you should discharge the maintenance contribution as normal because all rents and maintenance charges will be apportioned as part of the financial calculations for completion monies, so you will be reimbursed by the purchaser for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Having spent months of negotiations we simply can't agree with our landlord on how much the lease extension should cost for our flat in Harringay. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
in cases where there is a missing freeholder or where there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the Leasehold Valuation Tribunal to assess the price payable.
An example of a Freehold Enfranchisement matter before the tribunal for a Harringay residence is 37 St. Margarets Avenue in January 2010. Following a vesting order by Edmonton County Court on 8th November 2008 the Tribunal decided that the price that the Applicant for the freehold interest should pay is £20,543 This case related to 2 flats. The remaining number of years on the lease was 74.75 years.