I am the registered owner of a freehold residence in West Brompton but nevertheless invoiced for rent, why is this and what is this?
It is rare for properties in West Brompton and has limited impact for conveyancing in West Brompton 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 establishment of fresh 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 dispensed with completely.
It has been 2 months following my purchase conveyancing in West Brompton completed. I have checked the Land Registry site which shows that I paid £200,000 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 asset 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.
How does conveyancing in West Brompton differ for new build properties?
Most buyers of new build property in West Brompton contact us having been asked by the developer to sign contracts and commit to the purchase even before the premises is constructed. This is because new home sellers in West Brompton usually buy the site, 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 conveyancing solicitors 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 used to new build conveyancing in West Brompton or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a property in West Brompton ahead of instructing solicitors. I have been advised that there is a flying freehold overhang to the house. Our surveyor advised that some lenders may refuse to grant a loan on a flying freehold property.
It varies from the lender to lender. Santander has different requirements for example to Birmingham Midshires. If you e-mail us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in West Brompton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in West Brompton to see if the conveyancing will be more expensive.
My brother has recommend that I use his conveyancing solicitors in West Brompton. Should I choose my own conveyancer?
There are no two ways about it it’s preferable to choose a conveyancing practitioner is to get referrals from friends or family who have actually used the conveyancer you're considering.