Last September we completed a house move in Rednal. We have since encountered a number of issues with the property which we believe were omitted in the conveyancing searches. Is there anything we can do? Can you clarify the nature of searches that should have been ordered as part of conveyancing in Rednal?
The question is not clear as to the nature of the problems and if they are relate to conveyancing in Rednal. Conveyancing searches and investigations initiated during the buying process are designed to help avoid problems. As part of the process, a seller completes a form known as a Seller’s Property Information Form. If the information provided is inaccurate, then you may have a claim against the vendor for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Rednal.
I am the registered owner of a freehold premises in Rednal but nevertheless pay rent, why is this and what is this?
It is rare for properties in Rednal and has limited impact for conveyancing in Rednal 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 post 1977.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
I acquired my house on 8 September and the transaction details is not yet registered. Should I be concerned? My conveyancing solicitor in Rednal said it should be concluded inside ten days. Are properties in Rednal uniquely lengthy to register?
As far as conveyancing in Rednal is concerned, registration is no faster or slower than the rest of the country. Rather than based on location, timeframes can adjust according to the party submitting the application, whether it is in order and whether the Land registry must send notices to any 3rd parties. As of today roughly 80% of submission are fully dealt with within two weeks but occasionally there can be longer delays. Registration occurs after the purchaser has moved in to the premises therefore an expedited registration is not typically an essential issue yet where there is a degree of urgency associated with the registration then you or your conveyancer should speak with the land registry and explain the circumstances.
About to purchase a new build flat in Rednal. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Rednal
Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please confirm the Lease plans are architect prepared. Please supply a car parking plan.
I am hoping to put an offer on a small detached house that appears to be perfect, at a great price which is making it more attractive. I have since been informed that it's a leasehold as opposed to freehold. I would have thought that there are issues buying a house with a leasehold title in Rednal. Conveyancing lawyers have not yet been instructed. Will they explain the issues?
The majority of houses in Rednal are freehold and not 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 purchasing in Rednal in which case you should be shopping around for a Rednal conveyancing solicitor and be sure that they are used to transacting on leasehold houses. First you will need to check the number of years remaining. Being a tenant you will not be at liberty to do whatever you want with the house. The lease will likely included provisions such as obtaining the freeholder’sconsent to conduct alterations. You may also be required to pay a service charge towards the maintenance of the estate where the house is part of an estate. Your lawyer should advise you fully on all the issues.
Rednal Conveyancing for Leasehold Flats - Sample of Questions you should ask Prior to buying
How is the lease structured? The answer will be useful as a) areas can cause problems for the building as the common areas may begin to deteriorate if repairs remain unpaid b) if the leaseholders have a dispute with the running of the building you will wish to know about it Who are the managing agents?