I purchased a freehold property in Shadwell but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Shadwell and has limited impact for conveyancing in Shadwell 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 hundreds of years, but the Rent Charge Act 1977 barred the generation of fresh 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 post 2037 is to be dispensed with completely.
Is there a search tool that I can utilise to discover of the solicitor conducting my conveyancing in Shadwell is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Alliance & Leicester thus paying £192.00 in supplemental legal costs.
Feel free to take advantage of the search tool on this page. Please choose the lender and type ‘Shadwell’ or your preferred area and you will see a number of lawyer based in Shadwell or by proximity to you.
About to purchase a new build apartment in Shadwell. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Shadwell
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Forfeiture - bankruptcy or liquidation must not apply under this provision.
Is it possible to switch conveyancer as I need to instruct a firm on the Santander conveyancing panel. I hired a family conveyancing solicitor in Shadwell five minutes from me but the firm is not accepted by Santander
We will our best to assist in finding you a conveyancing solicitor in Shadwell on the Santander panel. Please note that the solicitors that we list do not pay us a referral fee if you instruct them and are authorised and regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Shadwell. In making use of search facility on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Shadwell.
I today plan to offer on a house that seems to tick a lot of boxes, at a reasonable price which is making it more attractive. I have subsequently been informed that it's a leasehold rather than freehold. I would have thought that there are issues buying a house with a leasehold title in Shadwell. Conveyancing advisers have not yet been instructed. Will my lawyers set out the risks of buying a leasehold house in Shadwell ?
Most houses in Shadwell are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. it is apparent that you are purchasing in Shadwell so you should seriously consider looking for a Shadwell conveyancing practitioner and be sure that they have experience in dealing with leasehold houses. First you will need to check the number of years remaining. As a lessee you will not be entirely free to do whatever you want to the property. The lease comes with conditions for example obtaining the freeholder’spermission to conduct alterations. It may be necessary to pay a maintenance charge towards the upkeep of the estate where the house is part of an estate. Your conveyancer should advise you fully on all the issues.
I have tried to negotiate informally with with my landlord to extend my lease without success. Can the Leasehold Valuation Tribunal adjudicate on such matters? Can you recommend a Shadwell conveyancing firm to help?
Most definitely. We are happy to put you in touch with a Shadwell conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Shadwell premises is 12, 14 & 16 Hull Close in May 2010. the Tribunal determined that the premium payable for the acquisition of the freehold to the subject premises was the sum of £18,300 This case related to 3 flats. The unexpired term as at the valuation date was 101.61 years.
Would local authority permission be needed to split a single dwelling into a couple of appartments in Shadwell? This has taken place to a house next door to my home in Shadwell and was unaware of it happening until the works were done.
Planning Consent yes. Building Regulations yes.