I am the registered owner of a freehold house in Beckton but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Beckton and has limited impact for conveyancing in Beckton 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 generation of new rentcharges post 1977.
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 dispensed with completely.
Is there a search tool that I can utilise to check that the solicitor carrying out my conveyancing in Beckton is on the bank’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Halifax thus paying £187.00 plus VAT in supplemental conveyancing invoice.
You should make the most of the find a conveyancing panel solicitor tool on this page. Pick the lender and type ‘Beckton’ or your preferred area and you will see numerous conveyancers offices in Beckton or near you.
What does a local search tell me concerning the house my wife and I purchasing in Beckton?
Beckton conveyancing often commences with the applying for local authority searches directly from your local Authority or through a personal search company for instance Xpress Legal The local search is essential in every Beckton conveyancing purchase; that is if you wish to avoid any nasty surprises after you move into your property. The search should reveal information on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject areas.
I was recommended by two or three local selling agents in Beckton to get a quote from a conveyancer on your site. What’s the financial incentive for Estate Agents to promote your site ahead of a competitor’s?
We refuse to offer any referral fee for sending work to this site. We found it would be just too difficult to pay a commission as members of the public would think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
I've recently bought a leasehold property in Beckton. Do I have any liability for service charges relating to a period prior to completion of my purchase?
In a situation where the service charge has already been demanded from the previous owner 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. A critical element 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).
I inherited a second floor flat in Beckton. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal determine the sum due for a lease extension?
if there is a absentee freeholder or if there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the First-tier Tribunal (Property Chamber) to assess the price.
An example of a Lease Extension decision for a Beckton flat is 46 Credon Road in January 2014. On 11 September 2013 Deputy District Judge Price sitting at the Bow County Court made a vesting order that the freeholder surrender his lease and be granted a new lease of the Premises on such terms as may be determined by the First Tier Tribunal (Property Chamber).The appropriate sum as concluded by the Tribunal was £7225 This case related to 1 flat. The remaining number of years on the lease was 69.77 years.
I have just discovered that one of the directors of the conveyancing practice handling the purchase conveyancing in Beckton is a relative of the seller. Is this permitted?
As long as there is no conflict of interest this is allowable. Where you are obtaining mortgage finance then the mortgage company may have a say as many banks have specific instructions concerning this. For example for Virgin as of 16/1/2020, the requirements read as follows :
