I own a freehold residence in Kilburn Park yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Kilburn Park and has limited impact for conveyancing in Kilburn Park 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 from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
My property lawyer in Kilburn Park is not listed on the TSB Conveyancing Panel. Is it possible for me to continue with my family solicitor notwithstanding that they are excluded from the TSB panel?
The limited options open to you here include:
- Complete the purchase with your existing Kilburn Park lawyers but TSB will need to use a solicitor on their panel. This will inevitably rack up the overall conveyancing fees as well as result in delays.
- Find an alternative practitioner to to deal with the conveyancing, obviously checking they are on the TSB panel
Forgive me if this question is silly but I am wet behind the ears as a first time buyer of a two bedroom flat in Kilburn Park. Do I receive the keys to the premises on completion from my conveyancer? If so, I will use a local conveyancing solicitor in Kilburn Park?
On the day of completion you do not need to go to the conveyancers office in Kilburn Park. Conveyancing lawyers for you will arrange to send the purchase money to the seller's lawyers, and shortly after the monies have arrived, you will be able to receive the keys from the selling Agents and move into your new home. This tends to happen early afternoon.
A friend advised me that in buying a property in Kilburn Park there could be a number of restrictions limiting what one can do in terms of external changes to the property. Is this right?
There are anumerous of properties in Kilburn Park which have some sort of restriction or requirement of consent to execute external changes. Part of the conveyancing in Kilburn Park should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We were going to get a OIP from Santander this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Santander recommend any Kilburn Park solicitors on the Santander conveyancing panel, or is it better to go independently?
You will need to appoint Kilburn Park solicitors independently although you'll need to choose one on the Santander conveyancing panel. The solicitor represents both you and Santander through the process.
Is it necessary to take out insurance to cover chancel repairs when buying a house in Kilburn Park?
Unless a prior acquisition of the premises took place post 12 October 2013 you could take it that lawyers delivering conveyancing in Kilburn Park to remain encouraging a chancel search and or insurance against a claim.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a simple, no chain conveyancing. Kilburn Park is where the house is located. What do you suggest?
Flying freeholds in Kilburn Park are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Kilburn Park you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Kilburn Park may ascertain 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 property.
We are contemplating choosing a web based conveyancer ahead of a Kilburn Park conveyancing firm. Any advice?
There are advantages of being able to attend a local Kilburn Park conveyancing solicitor for example
- signing documents and and when necessary
- sometimes being able to speak to someone face-to-face can make a huge difference, particularly for non-standard transactions
- the ability to complain if things are not going as expected
When comparing fees, look carefully for hidden extras. Most decent Kilburn Park high street solicitors give an all-inclusive price. Often online agents appear to offer low cost prices, yet have burried 'extras' in the fine print.