I purchased a freehold house in Knightsbridge yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Knightsbridge and has limited impact for conveyancing in Knightsbridge 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 many centuries, but the Rent Charge Act 1977 barred the creation of new 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 dispensed with completely.
Me and my partner are purchasing a apartment in Knightsbridge. I might seem paranoid but how we can trust a lawyer? On the day of competition we will need to deposit funds into their account. What is the protection 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 are purchasing a 3 bedroom semi in Knightsbridge. We would like to an extension at the rear at the house.Will legal due diligence on the property involve enquiries to determine if these works are permitted?
Your conveyancer should review the deeds as conveyancing in Knightsbridge can sometimes identify restrictions in the title deeds which prohibit certain alterations or need the consent of a 3rd party. Certain additions need local authority planning permissions and approval under the building regulations. Certain locations are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. It would be prudent to check these things with a surveyor ahead of any purchase.
We had instructed solicitors with offices in Knightsbridge on the Bank of Ireland solicitor approved list. They are now charging me a further fee for the legal aspects of the Bank of Ireland mortgage. Is this an additional conveyancing fee set by Bank of Ireland?
Unfortunately, as long as it is in their Terms of Engagement or estimate then yes your lawyer can charge a fee for this. This fee is not set by Bank of Ireland but by your Knightsbridge solicitor. Numerous firms on the Bank of Ireland panel will quote an ‘acting for lender’ fee and others do not.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in two weeks back in what was supposed to be a straight forward, no chain conveyancing. Knightsbridge is the location of the property. Can you shed any light on this issue?
Flying freeholds in Knightsbridge are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Knightsbridge 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 Knightsbridge 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 residence.
I am looking into buying my first house which is in Knightsbridge and I am already nervous. I couldn't find anything specific about Knightsbridge. Conveyancing will be needed in due course but do you know about the Knightsbridge area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Knightsbridge. In the meantime here are some basic statistics that we found
I am looking for a conveyancing lawyer in Knightsbridge for my sale. Can I check a solicitor's record with the legal regulator?
One can review documented Solicitor Regulator Association (SRA) decisions resulting from inquisitions started on or after 1 January 2008. Visit Check a solicitor's record. To find records about the period before 1 January 2008, or to check a firm's record, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, use +44 (0)121 329 6800. The regulator sometimes recorded call for training requirements.
Having had my offer accepted I require leasehold conveyancing in Knightsbridge. Before I set the wheels in motion I would like to find out the number of years remaining on the lease.
Assuming the lease is registered - and almost all are in Knightsbridge - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Having spent months of dialogue we are unable to agree with our landlord on how much the lease extension should cost for our flat in Knightsbridge. Can we issue an application to the Residential Property Tribunal Service?
Where there is a absentee freeholder or if there is disagreement about the premium for a lease extension, under the relevant statutes you can apply to the First-tier Tribunal (Property Chamber) to determine the price.
An example of a Lease Extension matter before the tribunal for a Knightsbridge premises is Flat 3 47 Cadogan Square in December 2010. the Tribunal determined that the premium payable to the landord by the leaseholder for the lease extension was £732,935 This case affected 1 flat. The unexpired residue of the current lease was 13.33 years.