I am the registered owner of a freehold property in Walton on the Hill but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Walton on the Hill and has limited impact for conveyancing in Walton on the Hill 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 creation of fresh 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 after 2037 will be dispensed with completely.
Various online forums that I have visited warn that are the primary cause of delay in Walton on the Hill conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published conclusions of a review by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of hindrances during the legal transfer of property. Local searches are unlikely to feature in any holding up conveyancing in Walton on the Hill.
My wife and I purchased a semi-detached Victorian house in Walton on the Hill. Conveyancing solicitor represented me and The Mortgage Works. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, another for leasehold with the exact same address. I'd like to know for sure, how can I find out??
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Walton on the Hill and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the position with your conveyancing practitioner who conducted the purchase.
I've recently found out that there is a flying freehold element on a property I have offered on last month in what should have been a straight forward, no chain conveyancing. Walton on the Hill is the location of the property. Can you offer any advice?
Flying freeholds in Walton on the Hill are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Walton on the Hill you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Walton on the Hill may determine 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.
I am looking into buying my first house which is in Walton on the Hill and I am already nervous. I couldn't find anything specific about Walton on the Hill. Conveyancing will be needed in due course but do you know about the Walton on the Hill area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Walton on the Hill. In the meantime here are some basic statistics that we found
My father-in-law has urged me to use his lawyers for conveyancing in Walton on the Hill. Do I follow his advice?
There are no two ways about it it’s preferable to choose a conveyancing practitioner is to have guidance from friends or family who have experience in using the solicitor you're considering.