I purchased a freehold property in Anerley yet invoiced for rent, why is this and what is this?
It is rare for properties in Anerley and has limited impact for conveyancing in Anerley 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 many centuries, but the Rent Charge Act 1977 barred the establishment of new rentcharges post 1977.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
Are there restrictive covenants that are commonly identified during conveyancing in Anerley?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Anerley. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Yesterday I discovered that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a quick, no chain conveyancing. Anerley is where the house is located. Is there any advice you can impart?
Flying freeholds in Anerley are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Anerley you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Anerley 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 property.
Are there any apps to help locate a Anerley solicitor on the Bank of Scotland conveyancing panel? I have wheels and am happy to travel upto 10kilometers to meet the lawyer.
Feel free to make use of the facility on this website. Please pick a lender and your location and you will see a number of Anerley conveyancing lawyers locally. We have listed some Anerley conveyancing firms at the bottom of this page and you can contact them to see if they are on the Bank of Scotland approved list
Should I use a Anerley conveyancing lawyer who is local to the property I am buying? We have a good friend who can execute the legal formalities however his firm is located a couple of hundredmiles away.
The benefit of a local Anerley conveyancing firm is that you can pop in to execute paperwork, hand in your identification documents and apply pressure on them if necessary. Having local Anerley know how is a benefit. That being said nothing is more important than finding someone that will pull out all the stops for you. If other friends have instructed your friend and they were impressed that must trump using an unknown Anerley conveyancing lawyer solely due to them being round the corner.