Recently contacted my conveyancing solicitor in Charing Cross who acted for me 18 months ago requesting a conveyancing estimate based on an identical type of home move (a leasehold residence and a freehold premises) of similar values with a loan from Coventry Building Society. I am now being charged twice the amount. Am I right to be tempted to shop around for an alternative property lawyer?
The estimate fees seem a little high. Where you are content to invest time scrutinising charges you could trim some of the expense by as much as £125. On the other hand, assuming were satisfied with the service the firm offered you mightlive to rue opting for an an unknown lawyer. If is important to ensure the solicitor can represent Coventry Building Society. Do utilise our search tool to locate a Charing Cross conveyancing firm on the Coventry Building Society conveyancing panel, which can often include conveyancing solicitors in Charing Cross.
I own a freehold residence in Charing Cross yet pay rent, why is this and what is this?
It’s unusual for properties in Charing Cross and has limited impact for conveyancing in Charing Cross 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 new 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 post 2037 will be extinguished.
Forgive me if this question is silly but I am unexperienced as a first time purchaser of a ground floor flat in Charing Cross. Do I receive the keys to the premises on the completion date from my conveyancer? If so, I will instruct a local conveyancing solicitor in Charing Cross?
On the day of completion you do not need to go to the conveyancers office in Charing Cross. Conveyancing lawyers for you will arrange to send the completion advance to the owner’s lawyers, and shortly after the monies have arrived, you should be invited to collect the keys from the Estate Agents and start moving into the property. This tends to happen between 1 and 3pm.
A colleague informed me that in purchasing a property in Charing Cross there may be various restrictions prohibiting external changes to a property. Is this right?
There are a number of properties in Charing Cross which have some sort of restriction or requirement of consent to execute external changes. Part of the conveyancing in Charing Cross should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
TSB have agreed my home loan in principle, my offer on a flat in Charing Cross has been accepted, what happens next?
Your property agent will need to know who your solicitors are (ensure that the lawyers are on the bank’s approved list). Call up TSB or your broker and complete any appropriate forms. TSB will appoint a valuer who will get in contact with the estate agent or vendor to book a time for the valuation to happen. Once carried out (assuming no problems) it takes about ten days to get a mortgage offer. TSB will issue the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Charing Cross.
Have purchased a a terraced house in Charing Cross , What is the estimated time for the Land Registry to register my title? My Charing Cross conveyancing solicitor has been painfully slow, so I want to be certain that my purchase is registered.
As far as conveyancing in Charing Cross registration is no faster or slower than the rest of England and Wales. Rather than based on location, timeframes can vary depending on who lodges the application, whether there are errors and whether the Land registry communicate with any 3rd parties. At present in the region of 80% of such applications are fully addressed in less than three weeks but occasionally there can be protracted hold-ups. Historically registration occurs once the new owner is living at the property thus an expedited registration is not usually primary concern yet where it is urgent that the the registration takes place urgently then you or your solicitor must communicate with the Registry to express the reasoning for the application to be prioritised.
I own a leasehold house in Charing Cross. Conveyancing and Aldermore mortgage are in place. A letter has just been received from someone saying they have taken over the reversionary interest in the property. It included a ground rent demand for rent dating back to 1994. The conveyancing solicitor in Charing Cross who acted for me is not around. Do I pay?
The first thing you should do is make enquiries of HMLR to be sure that this person is indeed the registered owner of the freehold reversion. It is not necessary to instruct a Charing Cross conveyancing practitioner to do this as it can be done on-line for less than a fiver. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I have given up trying to purchase the freehold in Charing Cross. Can this matter be resolved via the Leasehold Valuation Tribunal?
if there is a missing freeholder or where there is disagreement about the premium for a lease extension, under the relevant legislation it is possible to make an application to the First-tier Tribunal (Property Chamber) to judgment on the sum to be paid.
An example of a Freehold Enfranchisement case for a Charing Cross residence is 20 Avonwick Road in July 2013. The Tribunal was dealing with an application under Section 26 of the Leasehold Reform Housing and Urban Development Act 1993 for a determination of the freehold value of the property. It was concluded that the price to be paid was Fifteen Thousand Nine Hundred and Seventy (£15,970) divided as to £8,200 for Flat 20 and £7,770 for Flat 20A This case affected 1 flat. The unexpired lease term was 73.26 years.