I am the registered owner of a freehold residence in Selhurst yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Selhurst and has limited impact for conveyancing in Selhurst 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 new 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 extinguished.
I am aiming to move house in January. Will my conveyancing solicitor communicate with the removal company on the completion day. Incidentally, can you put forward a removal company in Selhurst. Conveyancing lawyer was organised before I stumbled across this site.
On the afternoon of completion you will need to collect the house keys from the estate agent but this can only occur after the sellers conveyancers inform the agent that the monies to complete are in and the keys can be passed over. After that you should advise the removal men that they can start moving you in. As a matter of policy we do not recommend a particular removal organisation but can assist you in locating a conveyancing in Selhurst or a firm that specialises in conveyancing in Selhurst.
I am due to exchange contracts on my house. I had a double glazing fitted in December 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Coventry BS are being difficult. The Selhurst solicitor who is on the Coventry BS conveyancing panel is recommending indemnity insurance as a solution but Coventry BS are requiring a building regulation certificate. Why do Coventry BS have a conveyancing panel if they don't accept advice from them?
It is probably the case that Coventry BS have referred the matter to their valuer. The reason why Coventry BS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Nottingham have agreed my home loan in principle, my bid on a apartment in Selhurst has been accepted, what happens next?
Your property agent will want to know who your solicitors are (ensure that the property lawyers are on the bank’s panel). Telephone Nottingham or the financial adviser and finish off any appropriate forms. Nottingham will instruct a valuer who will get in touch with the selling agent or vendor to book a slot for the valuation to take place. Once conducted (assuming no problems) it takes approximately a fortnight to receive the mortgage offer. Nottingham will issue the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Selhurst.
The estate agent has sent us the confirmation of our purchase of a new build flat in Selhurst. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Selhurst
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The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please confirm the Lease plans are architect prepared. Please supply evidence that the form of Lease proposed has been approved by the Land Registry.
What does commercial conveyancing in Selhurst cover?
Commercial conveyancing in Selhurst incorporates a broad array of services, given by qualified solicitors, relating to business premises. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
I need to retain a conveyancing solicitor for residential conveyancing in Selhurst. I've stumble upon a web site which looks to be the perfect solution If it is possible to get all formalities done via phone that would be preferable. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am a negotiator for a busy estate agency in Selhurst where we have experienced a number of leasehold sales jeopardised as a result of short leases. I have been given inconsistent advice from local Selhurst conveyancing firms. Please can you clarify whether the seller of a flat can instigate the lease extension formalities for the buyer?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the sale.
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.
I am the registered owner of a first flat in Selhurst. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal make a decision on the amount payable for a lease extension?
Most definitely. We are happy to put you in touch with a Selhurst conveyancing firm who can help.
An example of a Lease Extension decision for a Selhurst property is Flats 55, 67 & 70 Melbourne Court Anerley Road in July 2013. The tribunal calculated that the premium for the extended lease at £48,366.00 for at 55, and £88,329.00 for ats 67 and 70 combined. This case was in relation to 1 flat. The unexpired lease term was 26.38 years.