I purchased a freehold house in Essex but still invoiced for rent, why is this and what is this?
It is rare for properties in Essex and has limited impact for conveyancing in Essex 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 extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
I have been told that property searches are the primary cause of obstruction in Essex house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) published findings of a review by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of delays in the conveyancing process. Searches are not likely to feature in any delay in conveyancing in Essex.
I have recentlybecome aware that Wolstenholmes have closed. They conducted my conveyancing in Essex for a purchase of a leasehold apartment 9 months ago. How can I check that the property is registered correctly in the name of the former proprietor?
The quickest way to check if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Essex conveyancing specialists.
About to purchase a new build flat in Essex. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Essex
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Please supply evidence that the form of Lease proposed has been approved by the Land Registry. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Forfeiture - bankruptcy or liquidation must not apply under this provision.
Due to the input of my in-laws I had a survey completed on a property in Essex prior to appointing solicitors. I have been informed that there is a flying freehold overhang to the property. The surveyor advised that some mortgage companies tend refuse to issue a loan on such a premises.
It varies from the lender to lender. Santander has different instructions for example to Nationwide. If you contact us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Essex. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Essex to see if the conveyancing will be more expensive.
In surfing the internet for the term on line conveyancing in Essex it reveals numerous property lawyersin the area. How do I determine which is the suitable conveyancing solicitor for purchase transaction?
The ideal way of finding the right conveyancer is via personal recommendation, so enquire of friends and those you trust who have purchased a property in Essex or a local estate agent or mortgage broker. Charges for conveyancing in Essex differ, so it's a good idea to obtain at least four fee estimates from different companies. Make sure that you clarify what costs in the quote includes.