I own a freehold house in Waltham but nevertheless charged rent, why is this and what is this?
It is rare for properties in Waltham and has limited impact for conveyancing in Waltham 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 new rentcharges post 1977.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
We just had an offer accepted to buy with Melton Mowbray Building Society. I dropped in a couple of local practices yet cant to find a Waltham conveyancing firm on the Melton Mowbray Building Society panel. Could you assist?
Please do take advantage of the search tool on this web page. Please choose the mortgage company and type Waltham or your preferred area and you will discover a number of lawyer based in Waltham or near you.
I am assisting my mother sell her property in Waltham. Does the solicitor arrange an energy performance certificate or do I organise this?
After the abolition of HIPs, energy assessments was left as a required component of selling a property. An energy performance certificate should be to hand before the property is advertised. This is not as aspect of the sale process that solicitors normally organise. If you are instructing a Waltham conveyancing practitioner they may be able to arrange energy performance certificates given their relationships with long established Waltham providers
Forgive me if this question is silly but I am wet behind the ears as a 1st time buyer of a ground floor flat in Waltham. Do I pick up the keys to the house on the completion date from my lawyer? If so, I will use a local conveyancing solicitor in Waltham?
There is no need to visit the lawyers office on the day of completion. Your solicitors will transfer the completion advance to the seller's conveyancers, and once they have received this, you will be invited to pick up the keys from the selling Agents and start moving into the property. Usually this happens early afternoon.
I have paid off my mortgage with TSB. I assume I don't need a Waltham conveyancer on the TSB panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your TSB mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the TSB mortgage from the register. TSB, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where TSB has sent the Land Registry the discharge electronically, and
- TSB has instructed the Land Registry to do so
How does conveyancing in Waltham differ for newly converted properties?
Most buyers of new build premises in Waltham approach us having been asked by the developer to exchange contracts and commit to the purchase even before the house is completed. This is because developers in Waltham tend to buy the real estate, 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 conveyancers 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 used to new build conveyancing in Waltham or who has acted in the same development.
I need to retain a conveyancing solicitor for leasehold conveyancing in Waltham. I have discover a web site which looks to be the perfect solution If there is a chance to get all the legals completed via web that would be ideal. Should I be wary? What are the potential pitfalls?
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 employed by a reputable estate agency in Waltham where we have experienced a number of leasehold sales derailed due to leases having less than 80 years remaining. I have been given contradictory information from local Waltham conveyancing firms. Could you shed some light as to whether the vendor of a flat can initiate the lease extension formalities for the purchaser on completion of the sale?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or simultaneously with completion of the sale.
Alternatively, it may be possible to agree the lease extension with the freeholder 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.
Waltham Conveyancing for Leasehold Flats - Examples of Queries Prior to buying
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What restrictions are there in the Waltham Lease? How many of the leaseholders are in arrears for their maintenance charge payments?