I own a freehold house in Waltham Abbey but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Waltham Abbey and has limited impact for conveyancing in Waltham Abbey 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 establishment of new rentcharges post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
We hope to to buy with Darlington Building Society. We have called around locally yet am struggling to find a Waltham Abbey conveyancing firm on the Darlington Building Society panel. Can you assist?
Please do make the most of the find a conveyancing panel solicitor tool on this page. Pick the mortgage company and type Waltham Abbey or your preferred area and you will discover a number of lawyer based in Waltham Abbey or nearest you.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in two weeks back in what was supposed to be a straight forward, no chain conveyancing. Waltham Abbey is the location of the property. What do you suggest?
Flying freeholds in Waltham Abbey are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Waltham Abbey you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Waltham Abbey may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
In what way does the Landlord & Tenant Act 1954 impact my commercial property in Waltham Abbey and how can you help?
The particular law that you refer to gives a safeguard to business lessees, granting the right to make a request to court for a continuation of occupancy when the lease reaches an end. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and handle your commercial conveyancing in Waltham Abbey
We are 3 weeks into a residential purchase having been referred to solicitors by the high street agent to perform conveyancing in Waltham Abbey. I am not happy. Could you you assist me in finding new conveyancers?
A solicitor would have to be very bad in order to consider diss instructing them. Has your loan offer been sent? In the event that it has you need to inform them of the replacement conveyancer and get the loan are re-sent. Your new conveyancer needs to be on the banks approved list to avoid supplemental costs and frustration. So that should be your starting point. Our find a solicitor tool can assist you in finding a lender approved conveyancer for your home move in Waltham Abbey