I purchased a freehold premises in Stotfold yet charged rent, why is this and what is this?
It is rare for properties in Stotfold and has limited impact for conveyancing in Stotfold 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 generation of new rentcharges post 1977.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
We are close to exchanging contracts on the sale of our home in Stotfold and the buyers lawyers are claiming that there is a risk of it being built land that was not decontaminated. A high street Stotfold lawyer would know that there is no such problem. It does beg the question why the buyers used a national conveyancing outfit rather than a conveyancing solicitor in Stotfold. Having lived in Stotfold for many years we know that this is a non issue. Should we contact our local Authority to seek confirmation that there is no issue.
It sounds as though you may have a conveyancing firm currently acting for you. Are they able to advise? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
I used Action Conveyancing several years ago for my conveyancing in Stotfold. Now, I need the files but the law firm is no longer operating. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Stotfold of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Just had an offer accepted on a new build flat in Stotfold. 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 legal work.
Here are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Stotfold
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Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please supply a car parking plan. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.
I've recently found out that there is a flying freehold element on a property I put an offer in last month in what should have been a simple, chain free conveyancing. Stotfold is where the house is located. Can you shed any light on this issue?
Flying freeholds in Stotfold are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Stotfold you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Stotfold may ascertain 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 residence.
I acquired a house in Stotfold last 16/10/2023 and to date it is still not registered with HM Land Registry. It is part of a new estate and my solicitor told me that it can take twelve months to complete the registration formalities. I have contacted the Land Registry directly and they say that the original application was cancelled due to failure to reply to requisitions. Do I need to be concerned?
get in touch with your conveyancing practitioner - Where you are unsatisfied with the responses, find out about their internal complaints process and escalate your concerns to a Partner. Registrations for Stotfold conveyancing are not known to be especially complex.