Me and my wife are purchasing our first home. The conveyancer has texted usto check if we want to purchase additional conveyancing searches. We are really unsure what's relevant for conveyancing in Yeading
The scope of Yeading conveyancing searches depends primarily on the premises, the location, the possibility of any of these risks, your familiarity of the region and risks, your overall approach to risk. What is important is that you properly understand what information the searches could give you. You may then decide if you personally think you need that search. Should you be uncertain, ask the solicitor to explain.
I purchased a freehold residence in Yeading yet charged rent, why is this and what is this?
It is rare for properties in Yeading and has limited impact for conveyancing in Yeading 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 generation of new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
I need some expedited conveyancing in Yeading as I am under a deadline to sign on the dotted line inside one month. Fortunately I do not need a mortgage. Is it possible to avoid the conveyancing searches to save fees and time?
As you are not obtaining a home loan you are at liberty not to have searches carried out although no law firm would recommend that you don't. Drawing on our experience of conveyancing in Yeading the following are instances of what can be revealed and adversely affect future saleability: Enforcement Actions, Overdue Fees, Outstanding Grants, Road Schemes,...
My wife and I own a terraced Georgian property in Yeading. Conveyancing lawyer represented me and Platform Home Loans Ltd. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, the second leasehold with the exact same property. If a house is not a freehold shouldn't I have been informed?
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Yeading 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 question the position with the conveyancing practitioner who conducted the conveyancing.
The estate agent has sent us the confirmation of our purchase of a new build flat in Yeading. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Yeading
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. Please supply a car parking plan. There must be mutual enforceability of lessee’s covenants. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
I have just started marketing my ground floor apartment in Yeading. Conveyancing solicitors are to be appointed soon, but I have recently received a half-yearly service charge invoice – Do I pay up?
It best that you pay the maintenance contribution as normal because all ground rent and service invoices will be apportioned as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Having spent years of negotiations we are unable to agree with our landlord on how much the lease extension should cost for our flat in Yeading. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
in cases where there is a absentee freeholder or where there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the First-tier Tribunal (Property Chamber) to decide the sum to be paid.
An example of a lease Extension case for a Yeading residence is 25 Beechwood Avenue in November 2012. the Tribunal accordingly determined that the premium for the lease extension should be £24,353. This case related to 1 flat. The unexpired term was 58.19 years.