I purchased a freehold property in Whyteleafe but still charged rent, why is this and what is this?
It is rare for properties in Whyteleafe and has limited impact for conveyancing in Whyteleafe 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 generation of fresh rentcharges post 1977.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
The Whyteleafe conveyancing firm that just started acting on my purchase in Whyteleafe have without warning shut down. I chose them because I had to have a lawyer on the Yorkshire BS conveyancing panel and my previous Whyteleafe lawyer was not. I paid them 275 plus VAT on account. What do I do now?
If you have an estate agent involved then inform them straight away so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Yorkshire BS conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to help.
What is the difference between a licensed conveyancer and conveyancing solicitor in Whyteleafe
There are many recorded licenced Conveyancers in Whyteleafe and Solicitor practices in Whyteleafe to choose from We would stress that the two are supervised by regulatory bodies with both specialising in the legal work in the home buying process. They may both also handle other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
When it comes to lenders such as Barclays, do Whyteleafe property lawyers incur a fee to be on the conveyancing panel?
We are not aware of any bank fees to be on their list of approved firms, although some do charge an administration charge to deal with the processing of the conveyancing panel submission.
My fiancee and I are spending time looking at apartments in Whyteleafe and I am about to put in an offer. Is it premature to have a solicitor in place? I will be getting a mortgage with Co-operative.
You should start requesting conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on to the selling agent. Given that you are getting a mortgage with Co-operative, ask your prospective lawyers if they are on the Co-operative conveyancing panel otherwise they can't do the mortgage legal work.
three months have elapsed following my purchase conveyancing in Whyteleafe concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. 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 premises 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.
Hoping to buy a property located in Whyteleafe and I am already nervous. I couldn't find anything specific about Whyteleafe. Conveyancing will be needed in due course but do you know about the Whyteleafe area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Whyteleafe. In the meantime here are some basic statistics that we found
Expecting to sign contracts shortly on a basement flat in Whyteleafe. Conveyancing lawyers have said that they are sending me a report on Monday. What should I be looking out for?
Your report on title for your leasehold conveyancing in Whyteleafe should include some of the following:
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Additions to the premises The total ownership of the premises. This may be the apartment itself but might incorporate a roof space or cellar if applicable. You need to be told what counts as a Nuisance in the lease It needs to be made clear to you whether the lease allows you to alter or upgrade aspects of the premises- you should be made aware as to whether any restrictions applies to all alterations or just structural alteration, and whether consent is mandated necessary What options are open to you if another tenant in the building breaches a clause of their lease?
I have attempted and failed to negotiate with my landlord for a lease extension without getting anywhere. Can a leaseholder make an application to the Leasehold Valuation Tribunal? Can you recommend a Whyteleafe conveyancing firm to assist?
in cases where there is a absentee landlord or where there is disagreement about what the lease extension should cost, under the relevant statutes it is possible to make an application to the LVT to assess the price.
An example of a Freehold Enfranchisement matter before the tribunal for a Whyteleafe flat is 223 Brighton Road in September 2013. The premium payable for the acquisition freehold of the properties should be £10,934 (Ten thousand,nine hundred and thirty four pounds) This case affected 3 flats. The unexpired term as at the valuation date was 75 years.