I purchased a freehold residence in Palmers Green but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Palmers Green and has limited impact for conveyancing in Palmers Green 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 post 1977.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
The deeds to my property can not be found. The conveyancers who conducted the conveyancing in Palmers Green 4 years ago have long since closed. What do I do?
As long as the title is registered the details of your proprietorship will be held by HMLR with a Title Number. It is easy to execute a search at the Land Registry, identify your property and get current copies of the Registered Entries for a small fee. Where the property is Leasehold then the Land Registry will also normally retain a certified duplicate of the Registered Lease and again, a copy can be obtained for twenty pounds.
I am purchasing my first flat in Palmers Green with a mortgage from Leeds Building Society. The developers refused to budge the price so I negotiated £7000 of additionals instead. The house builders rep suggested that I not disclose to my conveyancer about the deal as it will affect my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
In my capacity as executor for the will of my grandmother I am selling a house in Neath but I am based in Palmers Green. My solicitor (who is 235 miles awayhas requested that I sign a statutory declaration prior to completion. Can you recommend a conveyancing practitioner in Palmers Green to attest and place their company stamp on the document?
strictly speaking you should not need to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or solicitor will suffice regardless of whether they are Palmers Green based
Looking forward to exchange soon on a leasehold property in Palmers Green. Conveyancing lawyers inform me that they report fully next week. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Palmers Green should include some of the following:
if lease caters for for a sinking fund? You should have a good understanding of the building insurance obligations What options are open to you if a neighbour is in violation of a provision in their lease? Do you need to have carpet in the flat or are you allowed wood flooring? The landlord’s rights to access the premises. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided.
My wife and I have hit a brick wall in trying to reach an agreement for a lease extension in Palmers Green. Can the Leasehold Valuation Tribunal adjudicate on premiums?
You certainly can. We can put you in touch with a Palmers Green conveyancing firm who can help.
An example of a Lease Extension decision for a Palmers Green residence is First Floor Flat 109 Lyndhurst Road in May 2010. Following a vesting order by Edmonton County Court on 29th October 2009 the Tribunal decided on a figure of £5,012 for a lease extension. This case related to 1 flat. The unexpired residue of the current lease was 81.79 years.