I am the registered owner of a freehold premises in Ottershaw but still invoiced for rent, why is this and what is this?
It’s unusual for properties in Ottershaw and has limited impact for conveyancing in Ottershaw 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 creation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
My home in Ottershaw is up for sale and I have accepted an offer. Does the conveyancer have to be on the Santander conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the Santander conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently in recent years.
We are downsizing from our house in Ottershaw and the buyers lawyers are claiming that there is a possibility that the property was constructed land that was not decontaminated. Any high street Ottershaw lawyer would know this is not the case. For the life of me I don't know why the buyers are using an online conveyancing firm rather than a conveyancing solicitor in Ottershaw. We have lived in Ottershaw for 5 years we know of no issue. Do we contact our local Authority to get clarification need.
It would appear that you have a conveyancing lawyer currently acting for you. What do they say? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
Over the last few months I have been searching for a ground for flat up to £305k and found one round the corner in Ottershaw I like with amenity areas and station nearby, however it only has 61 years on the lease. I can't really find anything else in Ottershaw in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you need a mortgage that many years may be a potential deal breaker. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least twenty four months you could ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
I am looking to buy a flat and need a conveyancing solicitor in Ottershaw who is on the bank approved panel. Could you point me in the right direction as regards a Ottershaw solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the lender who carry out conveyancing in Ottershaw. We dont recommend any particular firm.