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Recently asked questions about conveyancing in Yaxley

I purchased a freehold premises in Yaxley but nevertheless charged rent, why is this and what is this?

It’s unusual for properties in Yaxley and has limited impact for conveyancing in Yaxley 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.

Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.

Have completed on a a semi-detached house in Yaxley , how long should it take for the Land Registry to record the transfer to my name? My Yaxley conveyancing solicitor works at snail pace, so I want to be sure that my ownership is recorded.

There is nothing unique about conveyancing in Yaxley registration formalities. As opposed to being determined by geographic area, timeframes can vary subject to the party submitting the application, whether it is in order and if the Land registry must send notices to any interested persons or bodies. As of today approximately three quarters of submission are completed in less than three weeks but occasionally there can be extensive hold-ups. Registration is effected once the purchaser has moved in to the premises therefore an expedited registration is not always top priority but where it is urgent that the the registration takes place urgently then you or your lawyers can contact the land registry and explain the circumstances.

I am downsizing from my home. My previous lawyers have shut. I am in need of a recommendation of a conveyancing firm. Im based in Yaxley if that makes things easier.

Please use our search tool to help you choose a solicitor for your conveyancing in Yaxley. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.

In my capacity as executor for the estate of my aunt I am selling a property in Neath but reside in Yaxley. My conveyancer (based 235 kilometers from mehas requested that I execute a stat dec before completion. Could you suggest a conveyancing lawyer in Yaxley to attest this legal document for me?

Technically speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will do regardless of whether they are Yaxley based

I work for a reputable estate agent office in Yaxley where we have experienced a few flat sales put at risk due to leases having less than 80 years remaining. I have received conflicting advice from local Yaxley conveyancing firms. Could you shed some light as to whether the vendor of a flat can initiate the lease extension process for the buyer?

As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the disposal of the property.

An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.

Yaxley Conveyancing for Leasehold Flats - Sample of Questions you should consider before Purchasing

    Who is in charge of the building? Is the freehold reversion owned jointly by the leaseholders? Its a good idea to find out as much as possible concerning the managing agents as they will impact your use and enjoyment of the property. As the owner of a leasehold property you will be at the mercy of the managing agents from a financial perspective and when it comes to every day issues such as the cleanliness of the communal areas. Enquire of other people whether they are happy with them. On a final note, be sure you understand the dates that you are obliged pay the service charge to the relevant party and precisely what it includes.

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