I purchased a freehold house in Neasden but still charged rent, why is this and what is this?
It is rare for properties in Neasden and has limited impact for conveyancing in Neasden 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 creation of new rentcharges post 1977.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
The Neasden conveyancing solicitors that just started acting on my house acquisition in Neasden have without warning shut down. I chose them because I had to have a lawyer on the Nottingham conveyancing panel and my family Neasden lawyer was not. I sent them a cheque for two hundred pounds in advance. What should be my next steps?
If you have an estate agent involved then let them know immediately so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Nottingham conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to help.
Just had an offer accepted on a new build flat in Neasden. 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.
Set out below are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Neasden
The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. There must be mutual enforceability of lessee’s covenants. Please supply a car parking plan. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. 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.
Is it possible to switch solicitor as I have to find one who is on the Leeds Building Society conveyancing panel. I instructed a high street conveyancing solicitor in Neasden round the corner but he is not accepted by Leeds Building Society
We will our best to assist in finding you a conveyancing solicitor in Neasden on the Leeds Building Society panel. Please note that the property lawyers that we work with do not pay us a referral fee if you instruct them and are regulated by the SRA who regulate all conveyancing solicitors in Neasden. In making use of search facility on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Neasden.
Estate agents have just been given the go-ahead to market my ground floor apartment in Neasden. Conveyancing has not commenced, but I have recently had a half-yearly maintenance charge invoice – should I leave it to the buyer to sort out?
It best that you clear the maintenance contribution as usual given that all ground rent and service charges will be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
After months of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in Neasden. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
if there is a missing freeholder or where there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the First-tier Tribunal (Property Chamber) to assess the price payable.
An example of a Lease Extension decision for a Neasden residence is 12 Deacon Road in November 2012. the premium to be paid for the grant of the new lease was the sum of £31 ,635.00 (Thirty-One thousand and six hundred and thirty-five Pounds). The matter was then returned to the Willesden County Court for the completion of the grant of the new lease in substitution for the existing lease on payment into court the sum of £31,635.00 less the sum of £2,890.20 assessed costs incurred by the leaseholder. Thus the net sum of £28,744.80 was to be paid into court. This case related to 1 flat. The unexpired lease term was 61.98 years.
We have AIP from Barnsley Building Society who suggested we could borrow up to £117k. At what point do I need to instruct a solicitor for conveyancing? Neasden is where we are purchasing.
It would be wise to instruct a property lawyer now and ask them to open a file for you. This will enable: 1) the estate agent to issue a Sales Memorandum to all parties 2) the seller’s property lawyer to submit the draft agreement. That being said, do not ask your solicitor to start searches until you receive your valuation report from Barnsley Building Society and you are happy to proceed.