I own a freehold property in Dulwich yet invoiced for rent, why is this and what is this?
It is rare for properties in Dulwich and has limited impact for conveyancing in Dulwich 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 hundreds of years, but the Rent Charge Act 1977 barred the creation of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
Do I find a Licenced Conveyancer or Solicitor for conveyancing in Dulwich?
There are two types of lawyers who can perform conveyancing in Dulwich namely licenced conveyancers or solicitors. Both professionals administer conveyancing services that required to complete the disposal or purchase of property. Both are obliged to conduct Dulwich conveyancing on similar quality and guidelines so you may be sure that your conveyancing will be professionally conducted and that the requirements and procedures should be suitably taken.
I am buying a property in Dulwich. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Yorkshire BS be concerned?
Given that your lender is Yorkshire BS your lawyer must check the conveyancing instructions contained in Part 2 of UK Finance Lenders’ Handbook for Yorkshire BS. The Council of Mortgage Lenders’ Handbook contains minimum specifications for solar panel roof-space leases, and lawyers are required to report to Yorkshire BS where a lease does not meet these requirements. The provisions relate to the installation of panels on properties in England and Wales and is not restricted to Dulwich.
I have a mortgage with Clydesdale for my property in Dulwich. Conveyancing has been completed some time ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Clydesdale?
You must advise Clydesdale prior to letting out your property as this is likely to be a breach of Clydesdale’s mortgage conditions. It may be that Clydesdale will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Clydesdale directly. You need not do this via a Clydesdale conveyancing panel firm.
Will my solicitor be making enquiries regarding flooding during the conveyancing in Dulwich.
Flooding is a growing risk for solicitors dealing with homes in Dulwich. Plenty of people will purchase a house in Dulwich, completely expectant that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, where a property is at risk of flooding, it may be difficult to obtain a mortgage, suitable insurance cover, or dispose of the premises. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Conveyancers are not best placed to offer advice on flood risk, but there are a various checks that may be initiated by the buyer or on a buyer’s behalf which will figure out the risks in Dulwich. The standard completed inquiry forms supplied to a buyer’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a standard question of the owner to determine whether the property has historically flooded. If flooding has previously occurred which is not revealed by the owner, then a purchaser may commence a claim for damages as a result of such an inaccurate response. A purchaser’s conveyancers will also order an environmental search. This should disclose if there is any known flood risk. If so, more detailed inquiries should be made.
In what way does the Landlord & Tenant Act 1954 affect my commercial offices in Dulwich and how can your lawyers assist?
The 1954 Act affords security of tenure to business leaseholders, granting the a statutory right to apply to court for a continuation of occupancy when the lease reaches an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and assist with commercial conveyancing in Dulwich
I am using a search engine for the phrase cheap conveyancing in Dulwich it reveals many solicitorslocally. How do I determine which is the right property lawyer for the sale of my house?
The best method of seeking the right conveyancer is via trusted testimonial, so ask colleagues and family who have acquired a property in Dulwich or a respected estate agent or financial adviser. Costs for conveyancing in Dulwich differ, so it's sensible to obtain a minimum of three costs illustrations from different conveyancers. Make sure that you know that the costs are assured not to escalate.
What could I expect to pay for conveyancing in Dulwich?
Almost all Dulwich conveyancing practices will agree to a fixed fee. If additional work become due during the transaction your solicitor is duty bound to inform you in writing of such further costs for any work as soon as it becomes apparent. Some work on a no move no cost basis, others will levy an bill for a percentage of the set charges, depending on the stage at which the conveyancing fails.
It may be helpful for you to seek various firms to provide you an estimate.