I am the registered owner of a freehold property in Kentish Town yet charged rent, why is this and what is this?
It is rare for properties in Kentish Town and has limited impact for conveyancing in Kentish Town 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 generation of fresh 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 post 2037 will be extinguished.
Do I need to pop into the offices of the solicitor to execute the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Kentish Town so that I can attend their offices when needed.
Most conveyancing panel lawyers for banks conduct the vast majority of communications via Royal Mail, e-mail or over phone calls. This enables them to conduct the conveyancing transaction no matter where you live in England or Wales. Nevertheless you can check if you have the option of attending the offices of your conveyancing lawyer if just in case this is required.
I have justbecome aware that Stirling Law have closed. They carried out my conveyancing in Kentish Town for a purchase of a freehold house 10 months ago. How can I be sure that my home is registered correctly in the name of the former proprietor?
The quickest method to see if the premises is in your name, you can carry out 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 Kentish Town conveyancing specialists.
I am purchasing my first flat in Kentish Town with a loan from Lloyds TSB Bank. The sellers refused to budge the price so I negotiated five thousand pounds worth of additionals instead. The property agent advised me not reveal to my lawyer about the deal as it will affect my loan with Lloyds TSB Bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I decided to have a survey carried out on a property in Kentish Town in advance of instructing solicitors. I have been informed that there is a flying freehold aspect to the property. Our surveyor has said that some mortgage companies may refuse to issue a loan on a flying freehold premises.
It varies from the lender to lender. Bank of Scotland has different instructions from Halifax. Should you wish to telephone us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Kentish Town. Conveyancing will be smoother if you use a solicitor in Kentish Town especially if they are acquainted with such properties in Kentish Town.
My step-father has recommend that I use his lawyers for conveyancing in Kentish Town. Do I take his guidance?
Much as we are happy to recommend a Kentish Town conveyancing lawyer the ideal way to select a conveyancing practitioner is to get guidance from friends or family who have experience in using the solicitor you're are thinking of instructing.