I purchased a freehold premises in Woodford Green but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Woodford Green and has limited impact for conveyancing in Woodford Green 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 from 1977 onwards.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
What is the optimum way to investigate if the solicitor carrying out my conveyancing in Woodford Green is on the mortgage lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Skipton Building Society thus paying £192.00 in supplemental legal charges.
You should take advantage of the search tool on this site. Please choose the mortgage company and type ‘Woodford Green’ or your location and you will discover numerous solicitors based in Woodford Green or near you.
A relative suggested that if I am buying in Woodford Green I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally included in the estimate for your Woodford Green conveyancing searches. It is a large document of more than thirty pages, listing and detailing important information about Woodford Green around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful information concerning Woodford Green.
I own a renovated Victorian property in Woodford Green. Conveyancing solicitor acted for me and National Westminster Bank. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, the second leasehold with the exact same property. Is it worth asking National Westminster Bank to clarify?
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Woodford Green and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with the conveyancing lawyer who carried out the work.
I've recently found out that there is a flying freehold issue on a property I have offered on a fortnight ago in what was supposed to be a quick, chain free conveyancing. Woodford Green is the location of the property. Can you offer any opinion?
Flying freeholds in Woodford Green are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Woodford Green you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Woodford Green 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.
There are plenty of properties in Woodford Green on private roads. My partner and I are purchasing such a property. What are the advantages and disadvantages of buying a property on a privately owned road?
Woodford Green conveyancing lawyers are familiar with dealing houseson unadopted roads. Your solicitor will review the Land Registry data to find any rights or liabilities. In many cases there is a residents association that proprietors pay into to maintain the road. If one exists, the road will likely be maintained and look nicer than publicly owned.