I am the registered owner of a freehold property in Plaistow but still pay rent, why is this and what is this?

It is rare for properties in Plaistow and has limited impact for conveyancing in Plaistow 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 is to be extinguished.

Do I need to take out insurance to cover chancel repairs when acquiring a residence in Plaistow?

Unless a prior purchase of the house took place post 12 October 2013 you can take it that solicitors handling conveyancing in Plaistow to remain encouraging a chancel search and or insurance against a claim.

How does conveyancing in Plaistow differ for newly converted properties?

Most buyers of new build property in Plaistow approach us having been asked by the developer to sign contracts and commit to the purchase even before the premises is constructed. This is because builders in Plaistow typically purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Plaistow or who has acted in the same development.

There are only Seventy years unexpired on my lease in Plaistow. I need to extend my lease but my freeholder is missing. What should I do?

On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be extended by the magistrate. You will be obliged to prove that you have made all reasonable attempts to track down the landlord. In some cases a specialist would be useful to conduct investigations and to produce a report to be used as proof that the freeholder is indeed missing. It is wise to seek advice from a conveyancer in relation to investigating the landlord’s disappearance and the application to the County Court overseeing Plaistow.

Following months of negotiations we cannot agree with our landlord on how much the lease extension should cost for our flat in Plaistow. Can we issue an application to the Residential Property Tribunal Service?

in cases where there is a absentee landlord or where there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the First-tier Tribunal (Property Chamber) to assess the premium.

An example of a Freehold Enfranchisement decision for a Plaistow premises is Ravensbourne Lodge 4 Highland Road in February 2013. the Tribunal held that the amount payable for the freehold was £22,268

My parents are unable to locate their Plaistow property on the HM Land Registry site. They recall that back in the 60’s when they purchased the bungalow there were complications with the post code not being recognised in some systems.

Nearly all premises in Plaistow should be revealed. Have you attempted a search with simply the postcode. Normally it should disclose all the properties within that postcode. Where registered it will be there with a title number. If they bought 48 years ago it's conceivable it may be unrecorded. The property may still be revealed but with the title number shown 'na'. In this scenario you will need to track down the original title documentation which may be with your parent’s lender.