I own a freehold house in Thames View but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Thames View and has limited impact for conveyancing in Thames View 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 many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
Forgive me if this question is silly but I am new to the process as FTB of a two bedroom flat in Thames View. Do I receive the keys to the premises on the completion date from my conveyancer? If this is the case, I will instruct a High Street conveyancing solicitor in Thames View?
On the day of completion you will not be required to go to the conveyancers office in Thames View. Your solicitors will arrange to send the completion advance to the vendor’s solicitors, and shortly after the monies have arrived, you should be able to pick up the keys from the selling Agents and move into your new home. This tends to happen between 1 and 3pm.
A colleague advised me that in buying a property in Thames View there may be various restrictions prohibiting external changes to a property. Is this right?
There are anumerous of properties in Thames View which have some sort of restriction or requirement of consent to external variations. Part of the conveyancing in Thames View should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am being advised by my solicitor that defective lease insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Thames View?
The right level of defective lease indemnity insurance should be dictated by who who your lender is. It would differ for example between Birmingham Midshires and Leeds Building Society. Conveyancing practitioners as opposed to borrowers take out such insurances.
Various web forums that I have frequented warn that are the primary reason for stalling in Thames View house deals. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not figure amongst the common causes of delays in the conveyancing process. Searches are not likely to be the root cause of delay in conveyancing in Thames View.
2 months have gone by since my purchase conveyancing in Thames View concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I bought a property in Thames View last 12/6/2018 and to date it is still not registered with the Land Registry. It was part of a new estate and my conveyancer told me that it can take one year to register. I have spoken with HM Land Registry directly and they have informed me the initial application was cancelled due to failure to reply to requisitions. Should I be concerned?
Contact your conveyancer - if you are not getting sensible responses, look up their firm’s complaints process and escalate your problem to a Complaints Manager. Registrations for Thames View conveyancing are not known to be significantly delayed.