I own a freehold residence in Waltham Forest but still pay rent, why is this and what is this?
It is rare for properties in Waltham Forest and has limited impact for conveyancing in Waltham Forest 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 creation of new rentcharges post 1977.
Previous rentcharges can now be redeemed 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 am considering applying for a Clydesdale mortgage for purchase of a newly converted (under development) in Waltham Forest with 65 per cent loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Clydesdale ?
There is nothing to stop you using your solicitor, but Clydesdale will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
Will our lawyer be raising questions concerning flooding as part of the conveyancing in Waltham Forest.
Flooding is a growing risk for conveyancers specialising in conveyancing in Waltham Forest. Some people will acquire a house in Waltham Forest, fully aware that at some time, it may be flooded. However, aside from the physical destruction, if a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate insurance cover, or sell the property. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.
Solicitors are not best placed to impart advice on flood risk, but there are a number of searches that may be undertaken by the buyer or by their lawyers which should figure out the risks in Waltham Forest. The conventional set of completed inquiry forms given to a buyer’s conveyancer (where the Conveyancing Protocol is adopted) incorporates a usual question of the seller to determine if the property has suffered from flooding. If the premises has been flooded in past and is not revealed by the vendor, then a purchaser may bring a legal claim for losses stemming from an incorrect response. A purchaser’s conveyancers may also conduct an enviro search. This will indicate if there is a recorded flood risk. If so, further investigations should be conducted.
I used Stirling Law several years ago for my conveyancing in Waltham Forest. I now require my papers however cannot find the solicitor. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Waltham Forest of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on two weeks back in what should have been a quick, no chain conveyancing. Waltham Forest is the location of the property. Is there any guidance you can give?
Flying freeholds in Waltham Forest are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Waltham Forest you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Waltham Forest may ascertain 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 premises.
What does commercial conveyancing in Waltham Forest cover?
Commercial conveyancing in Waltham Forest incorporates a wide array of guidance, offered by qualified solicitors, relating to business property. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.