I am the registered owner of a freehold property in Walton on the Hill but still pay rent, why is this and what is this?
It is rare for properties in Walton on the Hill and has limited impact for conveyancing in Walton on the Hill 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 many centuries, but the Rent Charge Act 1977 barred the establishment of new rentcharges from 1977 onwards.
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 extinguished.
I am purchasing a property and the lawyer has mentioned Chancel Repair to which the property could be obligated to contribute to because it falls into the area of such a church. She has suggested insurance. Is this strictly appropriate for conveyancing in Walton on the Hill
Unless a previous acquisition of the house took place after 12 October 2013 you may take it that lawyers conducting conveyancing in Walton on the Hill to remain recommending a chancel search and or insurance against a claim.
I moved into my home on 14 April and my personal details is not yet on the land registry website. Any reason for this? My conveyancing solicitor in Walton on the Hill advises it would be dealt with in a couple of weeks. Are properties in Walton on the Hill particularly slow to register?
There is nothing unique about conveyancing in Walton on the Hill registration formalities. Rather than based on location, timescales can differ subject to who lodges the application, whether it is in order and whether the Land registry must send notices to any interested parties. At present in the region of 80% of submission are completed within two weeks but some can be subject to extensive hold-ups. Registration occurs after the new owner has moved in to the premises so 'speed' is not always top priority but if it is urgent that the the registration takes place urgently then you or your solicitor should speak with the land registry and explain the circumstances.
Yesterday I discovered that there is a flying freehold element on a house I have offered on two weeks back in what was supposed to be a quick, no chain conveyancing. Walton on the Hill is where the house is located. Is there any guidance you can impart?
Flying freeholds in Walton on the Hill are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Walton on the Hill you must be sure that your lawyer goes 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 Walton on the Hill may ascertain 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 property.
Taking into account that I am about to part with £400,000 on a property in Walton on the Hill I wish to talk to a conveyancer concerning thetransaction ahead of appointing the firm. Can this be arranged?
Absolutely - it is our preference to talk to you we do not take any clients on without you liaising with the conveyancer due to be conducting your property ownership legalities in Walton on the Hill.There is no ‘factory style conveyancing’ - every client is unique person, not a case number. The solicitors that we put you in touch with believe that the fees you are calculated and presented to you for residential conveyancing in Walton on the Hill should be the figure that you end up paying.
Having checked my lease I have discovered that there are only 62 years unexpired on my flat in Walton on the Hill. I now wish to extend my lease but my freeholder is missing. What are my options?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the magistrate. However, you will be required to prove that you or your lawyers have used your best endeavours to track down the lessor. In some cases a specialist may be useful to carry out a search and to produce a report to be accepted by the court as proof that the freeholder is indeed missing. It is wise to seek advice from a conveyancer both on proving the landlord’s absence and the vesting order request to the County Court overseeing Walton on the Hill.
Following months of negotiations we simply can't agree with our landlord on how much the lease extension should cost for our flat in Walton on the Hill. Can we issue an application to the Residential Property Tribunal Service?
in cases where there is a missing freeholder or if there is dispute about the premium for a lease extension, under the relevant statutes it is possible to make an application to the LVT to judgment on the premium.
An example of a Lease Extension matter before the tribunal for a Walton on the Hill property is 33 The Maisonettes Alberta Avenue in June 2014. the Tribunal decided that the premium payable for the grant of a new lease be the sum of £20,680 (Twenty Thousand six hundred and eighty pounds). This case was in relation to 1 flat. The unexpired lease term was 60.43 years.