I purchased a freehold house in Harold Hill but nevertheless charged rent, why is this and what is this?
It is rare for properties in Harold Hill and has limited impact for conveyancing in Harold Hill 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 fresh rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
Are there restrictive covenants that are commonly picked up during conveyancing in Harold Hill?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Harold Hill. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am buying a new build flat in Harold Hill. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Harold Hill
Please supply a car parking plan. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? 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. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
Over the last few months I have been searching for a flat up to £245,000 and identified one close by in Harold Hill I like with a park and station nearby, the downside is that it only has 51 remaining years left on the lease. There is not much else in Harold Hill in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a home loan the shortness of the lease may be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of twenty four months you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.
My husband and I are FTB’s - agreed a price, but the agent told us that the seller will only go ahead if we appoint their preferred lawyers as they are insisting on a ‘quick sale’. My instinct tells me that we should use a local solicitor accustomed to conveyancing in Harold Hill
We suspect that the owner is not behind this demand. If they desire ‘a quick sale', taking such a hostile approach to a motivated buyer is not the way to achieve this. Avoid the agents and go straight to the owners and explain that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)however you are going to instruct your preferred Harold Hill conveyancing lawyers - not the ones that will provide their negotiator at the agency a introducer fee or hit his conveyancing targets set by HQ.
My mother purchased her house in Harold Hill ten years past. She has since got married, divorced and is now remarried. She now wants to the sell the Harold Hill property. I think she will simply be need to provide a copy of her marriage certificates to the lawyer however she is concerned it will frustrate the conveyancing. Is it worth updating the title information for the property?
It is not absolutely necessary to update the title for the property providing you have the proof needed to show how the name change occurred.
Any purchaser’s conveyancer will review the land registry information and requisition evidence by way of proof of the name change e.g. marriage certificates.