I am the registered owner of a freehold house in South Hackney but nevertheless pay rent, why is this and what is this?
It is rare for properties in South Hackney and has limited impact for conveyancing in South Hackney 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 many centuries, but the Rent Charge Act 1977 barred the establishment of new rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
I am buying a house and the lawyer has raised the issue of Chancel Repair for which the property could be liable as it falls into the area of such a church. She has suggested insurance. Is this really necessary for conveyancing in South Hackney
Unless a previous acquisition of the house completed after 12 October 2013 you could assume that solicitors conducting conveyancing in South Hackney to continue to suggest a chancel search and or chancel repair liability policy.
four months have gone by following my purchase conveyancing in South Hackney completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I've recently found out that there is a flying freehold element on a house I have offered on a fortnight ago in what should have been a quick, no chain conveyancing. South Hackney is the location of the property. Can you offer any assistance?
Flying freeholds in South Hackney are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside South Hackney you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in South Hackney may decide 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 property.
Last October I purchased a leasehold property in South Hackney. Am I liable to pay service charges for periods before my ownership?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I have attempted and failed to negotiate with my landlord to extend my lease without getting anywhere. Can the Leasehold Valuation Tribunal decide on such issues? Can you recommend a South Hackney conveyancing firm to help?
Where there is a absentee freeholder or where there is dispute about the premium for a lease extension, under the relevant statutes it is possible to make an application to the First-tier Tribunal (Property Chamber) to decide the price.
An example of a Freehold Enfranchisement matter before the tribunal for a South Hackney premises is 150 Amhurst Road in December 2013. The tribunal concluded that the premium to be paid by the applicant for the enfranchisement of the subject property was £43,500. This case related to 4 flats. The unexpired residue of the current lease was 90 (or thereabouts).
What is the best way to find the right lawyer for my conveyancing in South Hackney ?
First ask your friends and family who they would recommend. Second, look on the internet for conveyancing in South Hackney. Call a couple or more firms from the list and request that they email you their conveyancing quote and discuss your needs with the solicitor who will handle your conveyancing before you commit. Third is to make use of our search tool to assist you in finding the right lawyers for you based on your unique requirements including location,speed, complexity and who your intended lender is.Resist the temptation to appoint lowest cost conveyancing solicitors in South Hackney