I purchased a freehold house in Walthamstow but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Walthamstow and has limited impact for conveyancing in Walthamstow 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 creation 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 after 2037 will be dispensed with completely.
I am selling our property in Walthamstow and according to the buyers it appears that there is a possibility that the property was built on contaminated land. A high street Walthamstow conveyancer would know this is not the case. It does beg the question why the purchasers instructed an online conveyancing practice as opposed to a conveyancing solicitor in Walthamstow. We have lived in Walthamstow for three years we know of no issue. Is it a good idea to get in touch with our local Authority to get clarification that there is no issue.
It would appear that you have a conveyancing lawyer already. 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 am buying a new build apartment in Walthamstow. Conveyancing is necessary evil 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 conveyancing.
Here are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Walthamstow
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please provide evidence that the form of Lease proposed has been approved by the Land Registry.
What is different about your site and alternative online quote calculators for conveyancing in Walthamstow?
At this site obtain an accurate costs illustration via a Solicitor or Licensed Conveyancer that appreciates the nuances for your conveyancing in Walthamstow. As opposed to estate agents and brokerage sites we do not charge firms a commission if you select them for your conveyancing in Walthamstow
I have been sourcing a conveyancing practitioner in Walthamstow for my remortgage. Is there any facility to review a solicitor's complaints history with the profession’s regulator?
You may search for presented Solicitor Regulator Association (SRA) decisions resulting from investigations from 2008 onwards. Go to Check a solicitor's record. To find records about the period before 1 January 2008, or to check a firm's record, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, use +44 (0)121 329 6800. The regulator could recorded telephone calls for training requirements.
I am hoping to complete next month on a garden flat in Walthamstow. Conveyancing solicitors assured me that they report fully within the next couple of days. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Walthamstow should include some of the following:
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You should know if the lease permits you to alter or improve anything in the property- you should be made aware as to whether it relates to all alterations or just structural alteration, and whether licences for alterations is required What remedies are open the freeholder should you breach a clause of your lease? Rent payments - what is due and when you need to pay, and also know whether this is subject to change Does the lease prohibit wood flooring? You should be informed what is to be regarded as a Nuisance as far as the lease is concerned
Having spent months of dialogue we are unable to agree with our landlord on how much the lease extension should cost for our flat in Walthamstow. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Absolutely. We can put you in touch with a Walthamstow conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Walthamstow property is 12 Nutfield Road in July 2014. the Tribunal judged that the price to be paid by the applicants for the freehold interest should be £19,572 This case affected 2 flats. The unexpired residue of the current lease was 72.02 years.