I am the registered owner of a freehold residence in Princes Risborough but still charged rent, why is this and what is this?
It’s unusual for properties in Princes Risborough and has limited impact for conveyancing in Princes Risborough 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 creation of fresh rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
Our mortgage company has recommended a law firm on their panel based in Princes Risborough but I would rather use a conveyancing lawyer in Princes Risborough or nearer to where I live. Are you able to help?
Not all Princes Risborough conveyancing firms are approved and listed on all banks conveyancing panel. Use the above search tool to choose a Princes Risborough conveyancing conveyancer on the on the mortgage company panel.
It has been four months since my purchase conveyancing in Princes Risborough concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I've recently found out that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a simple, chain free conveyancing. Princes Risborough is where the house is located. Can you offer any guidance?
Flying freeholds in Princes Risborough are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Princes Risborough you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Princes Risborough may determine 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 premises.
My business partner and I are planning to lease a unit on a shopping parade. Can you recommend lawyers offering no-sale-no fees for commercial conveyancing in Princes Risborough for below 1500k?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Princes Risborough, including the sale and acquisition of businesses as well as simply property. If you are hoping to purchase or sell a shop, pub, restaurant, office, retail premises or a whole business we can find you the right firm. Regarding the costs this will depend on the structure and nuances of the deal. Please provide us with your contact information or call us so that we may supply you with a fixed commercial conveyancing calculation.
Should one as executor remove a deceased person's details from the title deeds for a house in Princes Risborough?
If a Princes Risborough property is co-owned and one of the owners passes away, their name will not immediately be removed from the Land Registry title. You are not required to amend the title as when it comes to a sale your conveyancer would simply be asked to supply proof why the other proprietor is missing from the contract, typically this takes the form of the probate documents.
With the aim of making things simpler in the future you may apply to have the deceased name removed from the title entries by applying to HMLR with proof of the death. There is no fee from the Registry for this service.