I am the registered owner of a freehold house in Isle of Dogs yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Isle of Dogs and has limited impact for conveyancing in Isle of Dogs 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 creation of new rentcharges post 1977.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
After much negotiation I have agreed a price on an apartment in Isle of Dogs. My mortgage broker suggested a conveyancing practitioner. I paid an on account payment of £200. A couple of days later, the property lawyer contacted me embarrassingly acknowledging that they were not on the Aldermore 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 Aldermore 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've read lots of mortgage guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Isle of Dogs solicitor - who is on the Skipton conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Skipton will need an independent valuation of the property. Your lawyer will not arrange this. Usually Skipton will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your solicitor will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Isle of Dogs postcode. As you are getting a mortgage with Skipton, you could contact them to see if they have a list of approved surveyors in Isle of Dogs.
At last I have had an offer on a maisonette in Isle of Dogs accepted, but there is a chain. The owners have placed an offer on a flat, however it’s not yet agreed to, and have viewings of other apartments booked. I have instructed a local conveyancing solicitor in Isle of Dogs. What should be my next step? When should I get the mortgage application with RBS going?
It is understandable to have apprehensions where there is a chain as you are unlikely to want to incur expenses too early (mortgage application is in the region of one thousand pounds, then survey, Isle of Dogs conveyancing search charges, etc). First, you should ensure that your conveyancer is on the RBS approved list. Regarding the next phase this very much dictated by the circumstances of your transaction, desire for this property and on the state of the market. During a hot market the majority of home buyers would apply for a home loan with RBS and pay for the valuation and only if it comes back ok would they request their lawyer to proceed with the conveyancing in Isle of Dogs.
I have been on the look out for a leasehold apartment up to £235,500 and found one round the corner in Isle of Dogs I like with a park and railway links nearby, the downside is that it only has 52 years on the lease. There is not much else in Isle of Dogs suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a home loan the shortness of the lease will likely be an issue. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least twenty four months you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.
I am looking to sell my property. My previous lawyers have shut. I am in need of a recommendation of a conveyancing firm. I happen to live in Isle of Dogs if that affects matters.
Do use our search tool to help you choose a solicitor for your conveyancing in Isle of Dogs. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.
In my capacity as executor for the estate of my grandfather I am selling a residence in Newport but live in Isle of Dogs. My lawyer (who is 260 miles from mehas requested that I sign a stat dec before completion. Could you suggest a conveyancing solicitor in Isle of Dogs who can attest and place their company stamp on the document?
strictly speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or solicitor will do regardless of whether they are located in Isle of Dogs
I own a leasehold flat in Isle of Dogs. Conveyancing and Lloyds TSB Bank mortgage are in place. A letter has just been received from someone claiming to own the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1996. The conveyancing practitioner in Isle of Dogs who previously acted has long since retired. Do I pay?
First contact the Land Registry to make sure that this person is in fact the registered owner of the freehold reversion. You do not need to instruct a Isle of Dogs conveyancing firm to do this as it can be done on-line for £3. You should note that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I have attempted and failed to negotiate with my landlord for a lease extension without getting anywhere. Can a leaseholder make an application to the Leasehold Valuation Tribunal? Can you recommend a Isle of Dogs conveyancing firm to help?
Most certainly. We can put you in touch with a Isle of Dogs conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Isle of Dogs premises is 12, 14 & 16 Hull Close in May 2010. the Tribunal determined that the premium payable for the acquisition of the freehold to the subject premises was the sum of £18,300 This case affected 3 flats. The unexpired term was 101.61 years.