I own a freehold residence in Upper Clapton but still charged rent, why is this and what is this?
It’s unusual for properties in Upper Clapton and has limited impact for conveyancing in Upper Clapton 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 fresh rentcharges post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
My grandmother passed away six months ago and as sole heir and executor I was left the property in Upper Clapton. The house had a relatively small loan remaining of approximately £4500. I want to have the title changed into my name whilst I re-mortgage to Yorkshire BS, pay off the mortgage. Is this possible?
If you plan to refinance then Yorkshire BS will insist on your using a conveyancer on the Yorkshire BS 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 Yorkshire BS 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 Yorkshire BS mortgage is registered as a charge at the Land Registry.
I am downsizing from my property. My former solicitors have shut. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Upper Clapton if that affects matters.
Please use our search tool to help you choose a solicitor for your conveyancing in Upper Clapton. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
Should I instruct a Upper Clapton conveyancing solicitor based in the vicinity that I am hoping to buy? We have a good friend who can conduct the legal work but her office is over three hundred miles drive away.
The primary upside of using a local Upper Clapton conveyancing firm is that you can drop in to sign paperwork, present your identification documents and pester them if necessary. They will also have local knowledge which is a benefit. However it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and in the main were happy that must outweigh using an unknown Upper Clapton conveyancing lawyer just because they are based in the area.
Planning to exchange soon on a ground floor flat in Upper Clapton. Conveyancing solicitors assured me that they will have a report out to me tomorrow. What should I be looking out for?
The report on title for your leasehold conveyancing in Upper Clapton should include some of the following:
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The total extent of the property. This may be the flat itself but could also incorporate a roof space or basement if appropriate. Repair and maintenance of the premises Setting out your rights in respect of the communal areas in the block.E.G., does the lease include a right of way over a path or staircase? What options are available to the landlord where you are in breach of your lease terms? What you can do if an adjoining owner breaches a clause of their lease?
Following years of negotiations we cannot agree with our landlord on how much the lease extension should cost for our flat in Upper Clapton. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Absolutely. We are happy to put you in touch with a Upper Clapton conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Upper Clapton premises is Flat 25, Stamford Hill Mansions Stamford Hill in April 2010. The Tribunal therefore determined that the premium to be paid by the lessee to the freeholder for the extension of the lease should be £28,984.00 This case was in relation to 1 flat. The number of years remaining on the existing lease(s) was 59 years.
Our lender agreed in principle to give us a mortgage. We instructed a long established conveyancer in Upper Clapton yesterday. Today, our financial adviser phoned to advise us that the lender said that we cannot use our solicitor as they aren't on their panel. As novices, we had no idea that the mortgage company had some control over our choice Is this usual?
You can actually choose any property lawyer you prefer to appoint including the said conveyancer in Upper Clapton nevertheless if they are not on the your lender's panel you will have to incur an extra fee so the mortgage company can appoint their own solicitors as well to protect their interest. It may be conceivable that your preferred conveyancing firm to get added to the mortgage company panel. You can use internet tools including lenderpanel.com to find a conveyancing solcitor in Upper Clapton on the lender panel. You can go into your high street lender branch in Upper Clapton. They can recommend conveyancing solicitors in Upper Clapton on the approved list.