I own a freehold property in Barnet but still charged rent, why is this and what is this?
It’s unusual for properties in Barnet and has limited impact for conveyancing in Barnet 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 have existed for hundreds of years, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.
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 extinguished.
Do I find a Licenced Conveyancer or Solicitor for conveyancing in Barnet?
There are two types of lawyers who can perform conveyancing in Barnet namely CLC regulated conveyancers or solicitors. Both professionals provide conveyancing services that you need to complete the disposal or acquisition of property. Both are obliged to perform Barnet conveyancing on similar standards and guidelines so you may be safe in the knowledge that your conveyancing will be properly conducted and that the requirements and steps will be appropriately taken.
Have just purchased a repossessed house at auction in Barnet. Conveyancing is required. What happens now?
Given that you are now legally committed yourself to purchase you must retain a conveyancing practitioner soon as you now have a tight a drop dead date to complete the transaction. Every auction property will ordinarily have a bespoke legal set of papers. This should include most,if not all of the paperwork that your solicitor will need. Where you are dealing with leasehold premises the conveyancing papers may provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation relating to a leasehold property. You should hand this to your appointed conveyancing solicitor as soon as possible. You also need to ensure that your finances are in place to complete on the date specified in the contract.
I am buying a victorian detached house in Barnet. The intention is to convert the garage to an office at the house.Will legal due diligence on the property involve investigations to see if these works are permitted?
Your property lawyer will check the deeds as conveyancing in Barnet will on occasion reveal restrictions in the title deeds which prohibit certain changes or necessitated the permission of another owner. Certain extensions call for local authority planning consent and approval in accordance building regulations. Some locations are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. It would be sensible to check these things with a surveyor ahead of any purchase.
I have todayfound out that Action Conveyancing have closed. They carried out my conveyancing in Barnet for a purchase of a leasehold apartment 18 months ago. How can I check that the property is not still registered in the name of the previous owner?
The easiest method to check if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Barnet conveyancing specialists.
I am buying a new build flat in Barnet. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Barnet
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There must be mutual enforceability of lessee’s covenants. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
I've recently found out that there is a flying freehold issue on a house I have offered on two weeks back in what should have been a quick, no chain conveyancing. Barnet is where the house is located. Can you offer any opinion?
Flying freeholds in Barnet are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Barnet 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 Barnet may determine 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 premises.
My step-father has recommend that I use his conveyancers in Barnet. Do I follow his recommendation?
Much as we are happy to recommend a Barnet conveyancing lawyer the ideal way to select a conveyancing practitioner is to seek recommendations from friends or family who have actually previously instructed the solicitor that you are considering.