I purchased a freehold residence in Malpas yet pay rent, why is this and what is this?
It’s unusual for properties in Malpas and has limited impact for conveyancing in Malpas 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 many centuries, but the Rent Charge Act 1977 barred the generation of new rentcharges post 1977.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
Just bought a semi-detached house in Malpas , What is the estimated time for the Land Registry to deal with the formalities evidencing the transfer to my name? My Malpas conveyancing solicitor works at snail pace, so I want to check that my name is registered.
There is nothing unique when it comes to conveyancing in Malpas registration formalities. As opposed to being determined by geographic area, timeframes can differ subject to who lodges the application, whether it is in order and if the Land registry must send notices to any interested parties. As of today roughly three quarters of submission are fully addressed within two weeks but occasionally there can be longer hold-ups. Historically registration occurs after the new owner has moved in to the property therefore post completion formalities is not typically top priority yet if there is a degree of urgency associated with the registration then you or your solicitor could communicate with the Registry to express the reasoning for the application to be prioritised.
I am looking into buying my first house which is in Malpas and I am already nervous. I couldn't find anything specific about Malpas. Conveyancing will be needed in due course but do you know about the Malpas area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Malpas. In the meantime here are some basic statistics that we found
In my capacity as executor for the estate of my grandfather I am selling a property in Monmouth but reside in Malpas. My solicitor (who is 200 kilometers awayhas requested that I sign a statutory declaration before completion. Could you suggest a conveyancing lawyer in Malpas to attest this legal document for me?
Technically speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will suffice regardless of whether they are based in Malpas
What makes a Malpas lease defective?
Leasehold conveyancing in Malpas is not unique. All leases are unique and drafting errors can sometimes mean that certain provisions are wrong. The following missing provisions could result in a defective lease:
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A provision for the recovery of money spent for the benefit of another party.
A defective lease will likely cause problems when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. Halifax, Skipton Building Society, and Nottingham Building Society all have very detailed requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is problematic they may refuse to provide security, forcing the purchaser to withdraw.
Malpas Leasehold Conveyancing - A selection of Questions you should ask Prior to buying
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It is important to be aware if window replacement or some other significant cost is due in the foreseeable future to be shared between the leaseholders and will dramatically increase the the maintenance charges or require a one off invoice. Are any of leasehold owners in arrears of their service charge payments? How much is the ground rent and service charge?
I'm buying a bungalow in Malpas. I have found my conveyancer's company on the Law Society's list, but I can't see my conveyancer's name as listed on the regulator's website. Should I be concerned?
Not every individual in the practice must be listed by the regulator. Provided there is a manager qualified to 'oversee' the work, the actual day-to-day activity can be conducted by unqualified staff.