I own a freehold property in Roehampton yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Roehampton and has limited impact for conveyancing in Roehampton 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 establishment of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
We just had an offer accepted to purchase with Darlington Building Society. We have called around locally yet cant to find a Roehampton conveyancing firm on the Darlington Building Society panel. Can you help?
Feel free to take advantage of the find a conveyancing panel solicitor tool on this web page. Please choose the mortgage company and type Roehampton or your preferred area and you will see numerous solicitors based in Roehampton or by proximity to you.
What will a local search tell me concerning the house we're buying in Roehampton?
Roehampton conveyancing often commences with the submitting local authority searches directly from your local Authority or through a personal search company such as PSG The local search plays an important role in most Roehampton conveyancing purchase; that is if you don’t want any unpleasant once you have moved into your property. The search will reveal data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic areas.
I am purchasing my first flat in Roehampton with the aid of help to buy. The builders would not budge the price so I negotiated five thousand pounds worth of additionals instead. The property agent told me not disclose to my conveyancer about this deal as it would jeopardize my mortgage with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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 work for a long established estate agency in Roehampton where we see a few leasehold sales put at risk due to short leases. I have been given conflicting advice from local Roehampton conveyancing firms. Can you clarify whether the owner of a flat can initiate the lease extension formalities for the buyer?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the disposal of the property.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
After years of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Roehampton. Can we issue an application to the Residential Property Tribunal Service?
Absolutely. We are happy to put you in touch with a Roehampton conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Roehampton property is 19 St. Margarets Crescent in August 2010. the tribunal was of the view that the premium to be paid by the leaseholder for the freehold reversion was £51,983.00 This case affected 3 flats. The unexpired term as at the valuation date was 66.25 years.
Online reading suggests that Roehampton solicitors are more expensive than Roehampton conveyancers in Roehampton when it comes to buying a house. Am I better off using a conveyancer or a solicitor where I am purchasing for my home move in Roehampton.
When it comes to conveyancing in Roehampton the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.