I purchased a freehold house in Newcastle upon Tyne but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Newcastle upon Tyne and has limited impact for conveyancing in Newcastle upon Tyne 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 new rentcharges post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
I bought my home on 11 April and my personal details is yet to be on the land registry website. Need I be worried? My conveyancing solicitor in Newcastle upon Tyne said it should be recorded inside ten days. Are transfers in Newcastle upon Tyne particularly slow to register?
There is nothing unique about conveyancing in Newcastle upon Tyne registration formalities. Rather than based on location, timescales can differ subject to who lodges the application, whether it is in order and if the Land registry must send notices to any 3rd parties. Currently approximately three quarters of submission are fully dealt with in less than three weeks but some can be subject to protracted delays. Registration is effected after the purchaser is living at the property so an expedited registration is not always primary concern but where there is a degree of urgency associated with the registration then you or your lawyers can contact the land registry and explain the circumstances.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Newcastle upon Tyne. Conveyancing is a frightening process 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 conveyancing.
Set out below are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Newcastle upon Tyne
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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. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.
I decided to have a survey completed on a house in Newcastle upon Tyne in advance of appointing solicitors. I have been told that there is a flying freehold overhang to the property. My surveyor has said that some banks tend not give a mortgage on this type of property.
It varies from the lender to lender. Santander has different requirements from Birmingham Midshires. If you call us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Newcastle upon Tyne. Conveyancing will be smoother if you use a solicitor in Newcastle upon Tyne especially if they regularly deal with such properties in Newcastle upon Tyne.
How can the Landlord & Tenant Act 1954 impact my commercial offices in Newcastle upon Tyne and how can you help?
The particular law that you refer to affords protection to commercial lessees, giving them the a statutory right to apply to court for a continuation of occupancy at the end of an expired lease. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing firms who use the act for protection and help with commercial conveyancing in Newcastle upon Tyne
Do I need to visit the offices of the mortgage company conveyancing panel solicitor to execute the mortgage deed? If so, I will choose one who does conveyancing in Newcastle upon Tyne so that I can pop in to their offices when needed.
Whereas this was necessary 12 years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Newcastle upon Tyne.