I purchased a freehold property in Hackney but still invoiced for rent, why is this and what is this?
It is rare for properties in Hackney and has limited impact for conveyancing in Hackney 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 post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
We are planning to purchase with Melton Mowbray Building Society. We have called around locally but am unable to find a Hackney conveyancing firm on the Melton Mowbray Building Society approved list. Can you assist?
You should make the most of the search tool on this web page. Pick the lender and type Hackney or your location and you will be presented with numerous conveyancers offices in Hackney or nearest you.
Me and my partner are purchasing a property in Hackney. It might be a silly question but how we can trust a lawyer? At some point we will need to send our life savings into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
We previously appointed solicitors with offices in Hackney on the Bank of Ireland solicitor panel. They are now charging me an additional fee for dealing with the Bank of Ireland mortgage. Is this an additional conveyancing fee specified by Bank of Ireland?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your lawyer is entitled to charge a fee for this. This charge is not set by Bank of Ireland but by your Hackney solicitor. Some firms on the Bank of Ireland panel will quote ’dealing with mortgage’ fee and others do not.
Yorkshire BS have agreed my home loan in principle, my bid on a property in Hackney has been agreed to, what are the next steps?
The estate agent will wish to know who your solicitors are (be sure the conveyancing practitioners are on the lender’s approved list). Call up Yorkshire BS or the financial adviser and complete any appropriate documentation. Yorkshire BS will sellect a valuer who will get in contact with the selling agent or seller to book a slot for the valuation to happen. Once conducted (assuming no problems) it takes approximately a week to get a mortgage offer. Yorkshire BS will send the offer to you and your property lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Hackney.
I own a semi-detached Victorian property in Hackney. Conveyancing solicitor acted for me and The Royal Bank of Scotland. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, the second leasehold under the exact same property. I thought I was buying a freehold how can I check?
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Hackney and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the situation with your conveyancing solicitor who completed the work.
I've recently found out that there is a flying freehold element on a house I have offered on last month in what was supposed to be a quick, no chain conveyancing. Hackney is where the house is located. Can you offer any opinion?
Flying freeholds in Hackney are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Hackney you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hackney 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.
Should I use a Hackney conveyancing solicitor in close proximity to the house I am purchasing? An old friend can deal with the conveyancing however his firm is located 400miles drive away.
The primary upside of using a high street Hackney conveyancing practice is that you can attend the office to sign documents, hand in your ID and apply pressure on them if necessary. Having local Hackney know how is a bonus. However nothing is more important than finding someone that will pull out all the stops for you. If other friends have used your friend and on the whole were happy that should trump using an unfamiliar Hackney conveyancing lawyer solely due to them being round the corner.