I am the registered owner of a freehold property in Twickenham Park but nevertheless invoiced for rent, why is this and what is this?
It is rare for properties in Twickenham Park and has limited impact for conveyancing in Twickenham Park 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 creation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
is it true that all Twickenham Park conveyancing solicitors on the TSB conveyancing panel are overseen by the Solicitors Regulatory Authority?
As solicitors, in order to be on the TSB approved list of solicitors they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do list licenced conveyancers on their panel in which case such practice would be regulated by the CLC.
How can we know in advance if a Twickenham Park conveyancing solicitor on the Coventry BS panel is any good?
When it comes to conveyancing in Twickenham Park getting recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the lawyer conducting your transaction.
HSBC have agreed my mortgage in principle, my offer on a house in Twickenham Park has been agreed to, what are the next steps?
The property agent will need to know who your solicitors are (ensure that the lawyers are on the lender’s panel). Telephone HSBC or your broker and finish off any outstanding paperwork. HSBC will instruct a valuer who will get in contact with the estate agent or seller to schedule a time for the valuation to happen. Once conducted (assuming no problems) it takes approximately a week for the mortgage offer to be issued. HSBC will send the offer to you and your conveyancers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Twickenham Park.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in last month in what was supposed to be a straight forward, chain free conveyancing. Twickenham Park is where the house is located. Is there any guidance you can impart?
Flying freeholds in Twickenham Park are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Twickenham Park you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Twickenham Park may decide 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 premises.
How do I identify a Twickenham Park solicitor on the Norwich and Peterborough Building Society conveyancing panel? I am a keen cyclist and am prepared to travel upto 25kilometers to meet the lawyer.
You can use the tool on this website. Please select a lender and your location and you will see a number of Twickenham Park conveyancing lawyers locally. We have detailed some Twickenham Park conveyancing firms at the bottom of this page and you can telephone them to check if they are on the Norwich and Peterborough Building Society panel
I need to find a conveyancing solicitor for my conveyancing in Twickenham Park. I have chance upon a site which seems to have the ideal offering If there is a chance to get all formalities done via phone that would be preferable. Should I be wary? What should out be looking out for?
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 Twickenham Park where we see a few leasehold sales derailed as a result of short leases. I have received conflicting advice from local Twickenham Park conveyancing solicitors. Please can you shed some light as to whether the owner of a flat can instigate the lease extension process for the buyer?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the sale.
Alternatively, it may be possible 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.
Having spent months of negotiations we cannot agree with our landlord on how much the lease extension should cost for our flat in Twickenham Park. Can we issue an application to the Residential Property Tribunal Service?
in cases where there is a absentee freeholder or if there is disagreement about the premium for a lease extension, under the relevant statutes it is possible to make an application to the Leasehold Valuation Tribunal to assess the amount due.
An example of a Lease Extension case for a Twickenham Park residence is Flat 1 30 Ennismore Avenue in September 2010. the Tribunal adopted and arrived at a premium for the lease extension of £29, 900 This case affected 1 flat. The unexpired term as at the valuation date was 68.34 years.