I own a freehold house in Ponders End yet pay rent, why is this and what is this?
It is rare for properties in Ponders End and has limited impact for conveyancing in Ponders End 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 creation of new rentcharges post 1977.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Ponders End. My lender is Platform
Platform have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 18/4/2019, the requirements read as follows :
Have purchased a a semi-detached house in Ponders End , What is the estimated time for the Land Registry to deal with the formalities evidencing the transfer to my name? My Ponders End conveyancing solicitor has been very slow, so I want to be certain the registration is addressed.
As far as conveyancing in Ponders End is concerned, registration is no faster or slower than the rest of England and Wales. Rather than based on location, timescales can vary subject to who lodges the application, whether there are errors and if the Land registry have to notify any third parties. As of today roughly 80% of such applications are completed in less than three weeks but occasionally there can be extensive delays. Registration takes place once the purchaser is living at the property so post completion formalities is not typically primary concern yet where it is urgent that the the registration takes place urgently then you or your lawyers could speak with the land registry and explain the circumstances.
I am looking for a conveyancing practitioner in Ponders End for my home move. Is there any facility to review a firm’s record with the legal regulator?
One may search for documented Solicitor Regulator Association (SRA) determinations resulting from investigations commenced on or after 1 January 2008. Go to Check a solicitor's record. To find information Pre 2008, or to check a firm's history, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, dial +44 (0)121 329 6800. The SRA sometimes monitor call for training purposes.
My wife and I purchased a leasehold house in Ponders End. Conveyancing and Skipton Building Society mortgage are in place. I have received a letter from someone claiming to own the freehold. It included a ground rent demand for rent dating back to 1997. The conveyancing solicitor in Ponders End who previously acted has now retired. What should I do?
The first thing you should do is make enquiries of the Land Registry to be sure that this person is indeed the new freeholder. It is not necessary to incur the fees of a Ponders End conveyancing solicitor to do this as it can be done on-line for £3. You should note that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Following months of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in Ponders End. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Absolutely. We are happy to put you in touch with a Ponders End conveyancing firm who can help.
An example of a Vesting Order and Purchase of freehold matter before the tribunal for a Ponders End residence is Ground Floor Flat 4A Baronet Road in February 2010. Following a vesting order by Edmonton County Court on 23rd December 2008 (case number 8ED064) the Tribunal decided that the price that the Applicant for the freehold interest should pay is £8,689.00 This case affected 2 flats. The unexpired lease term was 80.01 years.