I own a freehold property in Brentwood but still charged rent, why is this and what is this?
It’s unusual for properties in Brentwood and has limited impact for conveyancing in Brentwood 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 creation of fresh 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 in 2037 is to be dispensed with completely.
Is there a search tool that I can utilise to find out if the solicitor carrying out my conveyancing in Brentwood is on the mortgage lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Lloyds TSB Bank thus paying £187.00 plus VAT in further legal fees.
Please do make the most of the search tool on this site. Pick the lender and type ‘Brentwood’ or your location and you will be presented with numerous conveyancers located in Brentwood or nearest you.
I have been told that property searches are a common cause of delay in Brentwood house deals. Is this right?
The Council of Property Search Organisations (CoPSO) released determinations of research by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of hindrances in the conveyancing process. Searches are unlikely to be the root cause of slowing down conveyancing in Brentwood.
How does conveyancing in Brentwood differ for new build properties?
Most buyers of new build or newly converted property in Brentwood contact us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is ready to move into. This is because house builders in Brentwood usually buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Brentwood or who has acted in the same development.
Back In 2002, I bought a leasehold house in Brentwood. Conveyancing and HSBC Bank mortgage are in place. I have received a letter from someone saying they have taken over the freehold. Attached was a ground rent demand for rent dating back to 1997. The conveyancing solicitor in Brentwood who previously acted has long since retired. Any advice?
First make enquiries of HMLR to make sure that this person is in fact the new freeholder. There is no need to instruct a Brentwood conveyancing firm to do this as it can be done on-line for £3. You should note that regardless, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I have attempted and failed to negotiate with my landlord to extend my lease without getting anywhere. Can I make an application to the Leasehold Valuation Tribunal? Can you recommend a Brentwood conveyancing firm to represent me?
Where there is a absentee freeholder or where there is dispute about the premium for a lease extension, under the relevant legislation you can apply to the LVT to make a decision on the amount due.
An example of a Lease Extension decision for a Brentwood flat is 37 Lodge Court High Street in November 2013. the decision of the LVT was that the premium to be paid for the new lease was £25,559 This case affected 1 flat. The unexpired residue of the current lease was 57.5 years.
We had our home loan agreed in principle on Monday with our bank. We are using a long established conveyancer in Brentwood yesterday. Today, our mortgage adviser phoned to advise us that the mortgage company said that we cannot use our solicitor as they aren't on their panel. As FTB's, we did not have a clue that the lender had a say Is this permitted?
You are permitted to appoint any property lawyer you want to appoint for your conveyancing in Brentwood nevertheless if your bank aren't happy with them you will have to incur additional cost so the mortgage company can appoint their own solicitors as well to protect their interest. On occasion it is conceivable that your preferred conveyancing firm to get added to the lender list of approved firms. Do make the most of internet search facilities including lenderpanel.com to find a conveyancing solcitor in Brentwood on the lender panel. You can go into your high street mortgage company branch in Brentwood. They can recommend conveyancing solicitors in Brentwood on the panel for your lender.