I own a freehold property in Shadwell yet invoiced for 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 date back hundreds of years, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges post 1977.
Old 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 use to investigate if the solicitor handling my conveyancing in Shadwell is on the mortgage lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Barclays thus spending £192.00 in supplemental conveyancing charges.
You should take advantage of the search tool on this site. Please choose the mortgage company and type ‘Shadwell’ or your preferred area and you will be presented with a number of lawyer located in Shadwell or near you.
Just had an offer accepted on a new build flat 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.
Set out below are examples of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Shadwell
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There must be mutual enforceability of lessee’s covenants. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
How easy is it to change conveyancer as I have to instruct a firm on the The Mortgage Works conveyancing list. I hired a high street conveyancing solicitor in Shadwell round the corner but the firm is not accepted by The Mortgage Works
It would be our pleasure to assist you select a conveyancing solicitor in Shadwell on the The Mortgage Works panel. Please note that the conveyancers that we on the directory do not pay us commission if you instruct them and are regulated by the SRA who regulate all conveyancing solicitors in Shadwell. In utilising search facility on this site, you can contrast fees for conveyancing solicitors in Shadwell and throughout England and Wales.
I am hoping to put an offer on a small detached house that seems to be perfect, at a reasonable figure which is making it more attractive. I have subsequently discovered that the title is leasehold as opposed to freehold. I would have thought that there are particular concerns purchasing a leasehold house in Shadwell. Conveyancing solicitors have are soon to be instructed. Will my lawyers set out the implications of buying a leasehold house in Shadwell ?
The majority of houses in Shadwell are freehold and not leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can help the conveyancing process. it is apparent that you are purchasing in Shadwell so you should seriously consider looking for a Shadwell conveyancing solicitor and be sure that they have experience in transacting on leasehold houses. As a matter of priority you will need to check the unexpired lease term. Being a lessee you will not be entirely free to do whatever you want with the house. The lease will likely included provisions for example obtaining the freeholder’spermission to conduct alterations. It may be necessary to pay a maintenance charge towards the maintenance of the communal areas where the property is part of an estate. Your conveyancer should report to you on the legal implications.
I inherited a garden flat in Shadwell. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal make a decision on the premium due for a lease extension?
You certainly can. We can 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 flat 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 was in relation to 3 flats. The unexpired term as at the valuation date was 101.61 years.
Would local authority consent be required to split a single dwelling into two flats in Shadwell? This has taken place to a property next door to a friend in Shadwell and was ignorant of the conversion until it was finished.
Planning Consent yes. Building Regulations yes.