I purchased a freehold property in Cambridge Heath but still pay rent, why is this and what is this?
It is rare for properties in Cambridge Heath and has limited impact for conveyancing in Cambridge Heath 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 post 1977.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in a fortnight ago in what should have been a simple, no chain conveyancing. Cambridge Heath is the location of the property. Can you shed any light on this issue?
Flying freeholds in Cambridge Heath are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Cambridge Heath you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cambridge Heath may decide 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.
How do I use your search facility to choose a conveyancing lawyer in Cambridge Heath on the approved list for my bank?
1st select a lender such as Halifax, Leeds Building Society or Platform Home Loans Ltd then choose your location a common one being Cambridge Heath. Conveyancing organisations in Cambridge Heath and beyond should be shown.
I am thinking of appointing a conveyancing practitioner in Cambridge Heath for my purchase. Is there any facility to check a firm’s complaints history with the profession’s regulator?
You can search for presented Solicitor Regulator Association (SRA) decisions stemming from inquisitions from 2008 onwards. Visit Check a solicitor's record. For details about the period before 1 January 2008, or to check a firm's history, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, use +44 (0)121 329 6800. The SRA sometimes recorded telephone calls for training reasons.
All being well we will complete the sale of our £475,000 flat in Cambridge Heath in just under a week. The freeholder has quoted £312 for Landlord’s certificate, building insurance schedule and 3 years statements of service charge. Is it legal for a freeholder to charge exorbitant fees for a flat conveyance in Cambridge Heath?
For most leasehold sales in Cambridge Heath conveyancing will involve, questions about the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
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Completing conveyancing due diligence enquiries
Where consent is required before sale in Cambridge Heath
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
After years of negotiations we are unable to agree with our landlord on how much the lease extension should cost for our flat in Cambridge Heath. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
if there is a absentee landlord or if there is disagreement 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 decide the sum to be paid.
An example of a Freehold Enfranchisement decision for a Cambridge Heath premises is 26 Rhondda Grove in June 2009. The net price payable by the leaseholders as determined by the Tribunal was £3,015.13. This comprised £11,300 premium for the reversion less £8,284.87 costs as ordered by the County Court.
I have been recommended a conveyancing solicitor in Cambridge Heath. I I would like to check if they are on the lender's conveyancing panel. Can you help?
It’s a good idea contact the conveyancer to check if they are on the lender's approved list. If that does not help call us and we can make some checks for you. If they are not on the conveyancing panel we can certainly arrange a specialist conveyancing solicitor in Cambridge Heath on the panel for your mortgage company.