I am the registered owner of a freehold property in Summertown and Botley but still invoiced for rent, why is this and what is this?
It is rare for properties in Summertown and Botley and has limited impact for conveyancing in Summertown and Botley 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 establishment of new rentcharges post 1977.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
My grandfather passed away six months ago and as sole heir and executor I was left the property in Summertown and Botley. The house had a small mortgage left on it of around £5k. I want to transfer the title deeds into my name whilst I re-mortgage to TSB, pay off the mortgage. Is this possible?
Where you plan to refinance then TSB will insist on your using a conveyancer on the TSB conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your TSB conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the TSB mortgage is registered as a charge at the Land Registry.
I am downsizing from our property in Summertown and Botley and the buyers lawyers are claiming that there is a possibility that the property was constructed on contaminated land. A local lawyer would know that there is no such problem. It does beg the question why the buyers used an internet conveyancing practice as opposed to a conveyancing solicitor in Summertown and Botley. Having lived in Summertown and Botley for many years we know of no issue. Do we contact our local Authority to seek clarification that there is no issue.
It would appear that you have a conveyancing solicitor currently acting for you. Are they able to advise? You should check with 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 health insurance to cover that same illness)
How does conveyancing in Summertown and Botley differ for newly converted properties?
Most buyers of new build or newly converted property in Summertown and Botley come to us having been asked by the developer to sign contracts and commit to the purchase even before the property is constructed. This is because new home sellers in Summertown and Botley typically buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Summertown and Botley or who has acted in the same development.
We're novice buyers - had an offer accepted, but the property agent advised that the seller will only go ahead if we instruct the agent's recommended conveyancers as they need an ‘expedited deal’. My instinct tells me that we should use a high street conveyancer used to conveyancing in Summertown and Botley
We suspect that the seller is not behind this ultimatum. Should the vendor require ‘a quick sale', alienating a genuine buyer is going to damage their objectives. Avoid the agents and go straight to the owners and explain that (a)you are genuine purchasers (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)but you are going to instruct your own,trusted Summertown and Botley conveyancing lawyers - not the ones that will provide the estate agent a introducer fee or meet his conveyancing thresholds demanded by senior management.
Back In 2008, I bought a leasehold house in Summertown and Botley. Conveyancing and Godiva Mortgages Ltd mortgage organised. I have received a letter from someone claiming to own the reversionary interest in the property. It included a ground rent demand for rent dating back to 1995. The conveyancing solicitor in Summertown and Botley who previously acted has long since retired. Any advice?
First make enquiries of the Land Registry to make sure that the individual purporting to own the freehold is in fact the new freeholder. There is no need to instruct a Summertown and Botley conveyancing practitioner to do this as it can be done on-line for a few pound. You should note that in any event, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Summertown and Botley Leasehold Conveyancing - Sample of Queries Prior to Purchasing
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It would be prudent to find out as much as you can about the managing agents as they will impact your use and enjoyment of the property. As the owner of a leasehold property you will be at the mercy of the managing agents from a financial perspective and when it comes to every day issues like the tidiness of the common parts. Ask other people whether they are happy with their management. In conclusion, be sure you understand the dates that you are obliged pay the service charge to the managing agents and specifically what you get for your money. This question is important as a) areas may cause problems in the block as the common areas may begin to deteriorate where services remain unpaid b) if the leaseholders have an issue with the running of the building you will need to have full disclosure Is there a share of the freehold?