I purchased a freehold residence in Blackwall but nevertheless invoiced for rent, why is this and what is this?
It is rare for properties in Blackwall and has limited impact for conveyancing in Blackwall 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 many centuries, but the Rent Charge Act 1977 barred the generation of new 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 post 2037 will be extinguished.
My flat in Blackwall is up for sale and I have a purchaser. Will the solicitor need to be on the TSB conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the TSB conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently in recent years.
Is there a list of TSB panel conveyancers in Blackwall on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such facility on the CML or Building Society Association sites. A small selection of lenders make their panel listings viewable online. If you are seeking to appoint a Blackwall property lawyer on the TSB please make the most of our tool.
Can I be sure that the Blackwall conveyancing solicitor on the Santander panel is any good?
When it comes to conveyancing in Blackwall seeking recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advise that you speak with the lawyer conducting your conveyancing.
After much negotiation I have agreed a price on a house in Blackwall. My mortgage broker suggested a solicitor. I paid an on account payment of £200. A couple of days later, the property lawyer contacted me sheepishly admitting that they were not on the Skipton conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Skipton panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Hoping to buy a property located in Blackwall and I am already nervous. I couldn't find anything specific about Blackwall. Conveyancing will be needed in due course but do you know about the Blackwall area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Blackwall. In the meantime here are some basic statistics that we found
My partner has suggested that I use his lawyers for conveyancing in Blackwall. Should I choose my own property lawyer?
No doubt the best way to select a conveyancing solicitor is to have recommendations from friends or relatives who have actually used the solicitor that you are contemplating using.
I today plan to offer on a house that seems to meet my requirements, at a reasonable price which is making it more attractive. I have just found out that it's a leasehold as opposed to freehold. I would have thought that there are particular concerns buying a leasehold house in Blackwall. Conveyancing advisers have not yet been instructed. Will my lawyers set out the risks of buying a leasehold house in Blackwall ?
The majority of houses in Blackwall are freehold and not leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area who can help the conveyancing process. it is apparent that you are buying in Blackwall in which case you should be looking for a Blackwall conveyancing solicitor and be sure that they are used to advising on leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a tenant you will not be entirely free to do whatever you want with the house. The lease will likely included provisions such as obtaining the freeholder’spermission to carry out changes to the property. It may be necessary to pay a service charge towards the upkeep of the communal areas where the house is part of an estate. Your lawyer should appraise you on the various issues.
Following months of dialogue we are unable to agree with our landlord on how much the lease extension should cost for our flat in Blackwall. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
if there is a absentee landlord or where there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the Leasehold Valuation Tribunal to assess the amount due.
An example of a Freehold Enfranchisement case for a Blackwall flat is 12, 14 & 16 Hull Close in May 2010. the Tribunal determined that the premium payable for the acquisition of the freehold to the subject premises was the sum of £18,300 This case affected 3 flats. The unexpired lease term was 101.61 years.