I am the registered owner of a freehold property in Hanwell yet pay rent, why is this and what is this?
It is rare for properties in Hanwell and has limited impact for conveyancing in Hanwell 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 new rentcharges post 1977.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
I require quick conveyancing in Hanwell as I have a deadline to exchange contracts in less than one month. A home loan is not required. Can I escape the need for conveyancing searches to save money and time?
As you are not getting a home loan you are at free not to have searches carried out although no conveyancer would advise that you don't. Drawing on years of experience of conveyancing in Hanwell the following are examples of issues that can crop up and therefore affect future saleability: Refused Planning Applications, Overdue Charges, Overdue Grants, Road Schemes,...
I got the keys to my house on 6 November and the transaction details is yet to be registered. Any reason for this? My conveyancing solicitor in Hanwell said it will be formalised in a couple of weeks. Are titles in Hanwell particularly slow to register?
As far as conveyancing in Hanwell is concerned, registration is no quicker or slower than anywhere else in the country. Rather than based on location, timescales can vary subject to the party submitting the application, whether it is in order and whether the Land registry communicate with any other parties. At present roughly three quarters of such applications are fully dealt with within 12 days but some can be subject to protracted hold-ups. Registration occurs once the new owner is living at the premises so an expedited registration is not always primary concern yet where it is urgent that the the registration takes place urgently then you or your conveyancer can communicate with the Registry to express the reasoning for the application to be prioritised.
I've recently found out that there is a flying freehold element on a property I have offered on last month in what should have been a quick, no chain conveyancing. Hanwell is the location of the property. Can you offer any assistance?
Flying freeholds in Hanwell are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Hanwell you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hanwell may determine 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 premises.
Is it best to appoint a Hanwell conveyancing practitioner based in the location that I am buying? An old friend can conduct the legal work but his firm is located a couple of hundredmiles away.
The primary upside of using a high street Hanwell conveyancing firm is that you can attend the office to execute paperwork, present your ID and apply pressure on them if necessary. Having local Hanwell know how is a plus. That being said it's more important to get someone that will do a good and efficient job. If you know people who used your friend and they were impressed that should outweigh using an unknown Hanwell conveyancing lawyer solely due to them being round the corner.
I have attempted and failed to negotiate with my landlord to extend my lease without any joy. Can a leaseholder apply to the Leasehold Valuation Tribunal? Can you recommend a Hanwell conveyancing firm to represent me?
if there is a absentee freeholder or if there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the Leasehold Valuation Tribunal to make a decision on the price.
An example of a Freehold Enfranchisement decision for a Hanwell residence is 6 Jessamine Road in August 2013. The Tribunals valuation (as annexed to the decision) calculated the amount payable as £18,355 for the freehold reversion This case related to 2 flats. The unexpired term was 72.39 years.
What makes a Hanwell lease unmortgageable?
Leasehold conveyancing in Hanwell is not unique. Most leases are drafted differently and legal mistakes in the legal wording can sometimes mean that certain sections are not included. For example, if your lease is missing any of the following, it could be defective:
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Repairing obligations to or maintain elements of the property
You could have difficulties when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Birmingham Midshires, The Royal Bank of Scotland, and Clydesdale all have express conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease is defective they may refuse to grant the mortgage, forcing the buyer to pull out.