My husband and I are nearing an exchange on a flat in Charing Cross and my parents have transferred the 10% deposit to my conveyancer. I am now advised that as the deposit has not come from me my conveyancer needs to make a notification to my bank. I am advised that, in also acting for the mortgage company he must advise them that the balance of the purchase price is not just from me. I advised the bank about my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
The conveyancer is duty bound to check with mortgage company to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only reveal this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
I purchased a freehold house in Charing Cross but nevertheless 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 have existed for hundreds of years, but the Rent Charge Act 1977 barred the generation of fresh rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
Is there anything unique about your site and other internet conveyancing brokers for conveyancing in Charing Cross?
At this site secure a conveyancing costs illustration from a Solicitor or Licensed Conveyancer that has a full understanding of the issues for your conveyancing in Charing Cross. Unlike many estate agents and many comparison sites we do not operate referral deals with solicitors. A large number of agents and online brokers 'recommend' the firm paying the most kickback, as opposed to the best value conveyancing in Charing Cross
I've found a house that seems to be perfect, at a great figure which is making it all the more appealing. I have subsequently found out that the title is leasehold rather than freehold. I am assuming that there are particular concerns buying a house with a leasehold title in Charing Cross. Conveyancing lawyers have are soon to be appointed. Will they explain the issues?
The majority of houses in Charing Cross are freehold rather than leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can help the conveyancing process. We note that you are buying in Charing Cross so you should seriously consider shopping around for a Charing Cross conveyancing practitioner and check that they have experience in advising on leasehold houses. As a matter of priority you will need to check the number of years remaining. As a lessee you will not be entirely free to do whatever you want to the property. The lease comes with conditions such as requiring the freeholder’sconsent to conduct changes to the property. You may also be required to pay a maintenance charge towards the maintenance of the estate where the house is located on an estate. Your solicitor should appraise you on the various issues.
I have attempted and failed to negotiate with my landlord to extend my lease without any joy. Can the Leasehold Valuation Tribunal decide on such matters? Can you recommend a Charing Cross conveyancing firm to help?
in cases where there is a missing landlord or if there is disagreement about what the lease extension should cost, under the relevant legislation it is possible to make an application to the First-tier Tribunal (Property Chamber) to judgment on the premium.
An example of a Freehold Enfranchisement matter before the tribunal for a Charing Cross premises 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.
What range of conveyancing services do Charing Cross conveyancing solicitors manage?
By and large Charing Cross conveyancing practices will handle a wide sphere of legal advice to residential and agricultural land proprietors, sellers, investors, freeholders and tenants including the following:
House sale conveyancing in Charing Cross or elsewhere in the country
House purchase conveyancing in Charing Cross and beyond
Buying through Right to Buy (RTB) or Right to Acquire (RTA) schemes Charing Cross conveyancing for Buying off mortgagees in possession in and outside of Charing Cross Tenancy and licence agreements Transfer of property or a share in a property