I am the registered owner of a freehold house in Raynes Park yet charged rent, why is this and what is this?
It’s unusual for properties in Raynes Park and has limited impact for conveyancing in Raynes Park 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 from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
We just had an offer accepted to buy with Coventry BS. We have called around locally yet cant to find a Raynes Park conveyancing firm on the Coventry BS panel. Can you assist?
You should make use of the find a lender approved solicitor tool on this page. Pick the lender and type Raynes Park or your preferred area and you will discover a number of lawyer located in Raynes Park or nearest you.
A relative informed me that in purchasing a property in Raynes Park there may be a number of restrictions as to what one can do in terms of external changes to the property. Is this right?
There are anumerous of properties in Raynes Park which have some sort of restriction or requirement of consent to external variations. Part of the conveyancing in Raynes Park should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am purchasing a 3 bedroom semi in Raynes Park. Our aim is to an extension at the rear at the property.Will the conveyancing process include enquiries to see if these alterations are allowed?
Your property lawyer will review the registered title as conveyancing in Raynes Park can occasionally identify restrictions in the title deeds which restrict certain changes or need the permission of a 3rd party. Many works call for local authority planning permissions and approval in compliance with building regulations. Some areas are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. You should check these things with a surveyor before you commit yourself to a purchase.
I am the only beneficiary of my late mum's estate with all property in now in my sole name, including the my former home in Raynes Park. The Raynes Park property was put into my name in December. I now wish to sell up. I understand that there is a CML 6 month 'rule', meaning my proprietorship will be treated the same way as if I'd bought the property in December. Will no one buy the property for half a year?
The CML handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be affected by that. How sensible a view mortgage companies take of it, depend on the mortgage company as this requirement is chiefly there to pick up on subsales or the flipping of property.
My colleague recommended that where I am buying in Raynes Park I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually included in the estimate for your Raynes Park conveyancing searches. It is not a small report of more than thirty pages, listing and detailing significant information about Raynes Park around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with plans and statistics, Local Amenities and other useful information concerning Raynes Park.
Is it best to instruct a Raynes Park conveyancing practitioner based in the area that I am hoping to buy? An old friend can carry out the legal formalities but her office is over three hundred miles drive away.
The primary upside of using a local Raynes Park conveyancing practice is that you can drop in to sign paperwork, hand in your ID and apply pressure on them where appropriate. They will also have local knowledge which is a benefit. However nothing is more important than finding someone that will do a good and efficient job. If if people you trust used your friend and they were impressed that must outweigh using an unfamiliar Raynes Park conveyancing solicitor just because they are Raynes Park based.
I am hoping to put an offer on a small detached house that seems to meet my requirements, at a reasonable price which is making it more attractive. I have just been informed that it's a leasehold as opposed to freehold. I would have thought that there are issues buying a house with a leasehold title in Raynes Park. Conveyancing advisers have are soon to be instructed. Will my lawyers set out the implications of buying a leasehold house in Raynes Park ?
The majority of houses in Raynes Park are freehold and not leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area who can assist with the conveyancing process. it is apparent that you are purchasing in Raynes Park in which case you should be looking for a Raynes Park conveyancing solicitor and check that they are used to advising on leasehold houses. First you will need to check the unexpired lease term. Being a leaseholder you will not be entirely free to do whatever you want to the property. The lease will likely included provisions for example requiring the landlord’sconsent to carry out changes to the property. It may be necessary to pay a maintenance charge towards the upkeep of the communal areas where the property is located on an estate. Your conveyancer will advise you fully on all the issues.
After years of negotiations we cannot agree with our landlord on how much the lease extension should cost for our flat in Raynes Park. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Most certainly. We can put you in touch with a Raynes Park conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Raynes Park flat is 33 The Maisonettes Alberta Avenue in June 2014. the Tribunal decided that the premium payable for the grant of a new lease be the sum of £20,680 (Twenty Thousand six hundred and eighty pounds). This case affected 1 flat. The unexpired lease term was 60.43 years.