Do the conveyancing lawyers that you recommend conduct conveyancing in Watlington by way of an attended exchange?
We do have a number of conveyancing experts who can conduct attended exchanges. Do contact us to receive a fee calculation and details as to dates.
I am the registered owner of a freehold premises in Watlington but still invoiced for rent, why is this and what is this?
It is rare for properties in Watlington and has limited impact for conveyancing in Watlington 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 generation of new 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 post 2037 is to be extinguished.
It has been four months following my purchase conveyancing in Watlington completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
We're new to the buying process - agreed a price, but the agent advised that the seller will only go ahead if we use their chosen solicitors as they want an ‘expedited deal’. Our preferred option is to instruct a local conveyancer with experience of conveyancing in Watlington
We suspect that the owner is unaware of this ultimatum. If they require ‘a quick sale', alienating a motivated purchaser is not the way to achieve this. Avoid the agents and go straight to the owners and make the point that (a)you are motivated purchasers (b)you are ready to progress, with finances arranged © you are chain free (d) you wish to move quickly (e)but you intend to appoint your own,trusted Watlington conveyancing lawyers - not the ones that will give the estate agent a commission or achieve conveyancing figures pre-set by senior management.
Last July I purchased a leasehold property in Watlington. Am I liable to pay service charges for periods before my ownership?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Watlington Conveyancing for Leasehold Flats - Examples of Queries before Purchasing
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Is the freehold reversion owned collectively by the leaseholders? How many of the leaseholders are in arrears for their service charge payments? The answer will be important as a) areas could cause problems in the building as the communal areas may start to deteriorate if repairs are not paid for b) if the tenants have an issue with the managing agents you will need to have all the details
I acquired a property in Watlington last 31/10/2024 and to date it is still not recorded with the Land Registry. It is part of a new estate and my conveyancer told me that it may take twelve months to complete the registration formalities. I have contacted HMLR directly and they say that the initial application was cancelled due to questions not being addressed in time. Do I need to be concerned?
It is your lawyer that you should contact in order to satisfy any concerns which have been raised as part of the registration process for your Watlington property. Normal Watlington conveyancing practice includes an undertaking on the part of the previous owner’s lawyer that they will help resolve any registration raised by HMLR so it may be a case of seeking to enforce that undertaking if necessary.