I purchased a freehold property in Kingsbury yet pay rent, why is this and what is this?
It is rare for properties in Kingsbury and has limited impact for conveyancing in Kingsbury 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 creation of fresh rentcharges post 1977.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
4 months have gone by following my purchase conveyancing in Kingsbury took place. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £180,000. 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 premises 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'm purchasing a new build house in Kingsbury with the aid of help to buy. The developers would not reduce the amount so I negotiated 6k of fixtures and fittings instead. The estate agent advised me not to tell my lawyer about the side-deal as it may jeopardize my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Yesterday I discovered that there is a flying freehold element on a house I have offered on two weeks back in what should have been a straight forward, chain free conveyancing. Kingsbury is the location of the property. Can you shed any light on this issue?
Flying freeholds in Kingsbury are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Kingsbury you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Kingsbury may determine 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 residence.
Is it possible to swap conveyancer as I need to find a firm on the Britannia conveyancing list. I was using a high street conveyancing solicitor in Kingsbury five minutes from me but the firm is not accepted by Britannia
We will our best to assist in finding you a conveyancing solicitor in Kingsbury on the Britannia panel. Please note that the solicitors that we work with do not pay us commission if you instruct them and are registered with the Solicitors Regulation Authority who regulate all conveyancing solicitors in Kingsbury. In making use of search facility on this page, you can contrast fees for conveyancing solicitors in Kingsbury and throughout England and Wales.
A licensed conveyancer acted on my conveyancing in Kingsbury seven years past and was holding my title documents but has now closed – how do I get hold of them?
Deeds, as such, are no longer appropriate for most homes in Kingsbury are recorded digitally at Land Registry. If you need to prove ownership or are selling or refinancing your conveyancing practitioner can obtain up to date copies of the register from the Land Registry in any case.
If you feel there may be other documents or you have any other queries please e-mail your request with details of the transaction and documents you need to filerequest@clc-uk.org. The CLC will let you know what information they have and any additional information they may need before they are in a position to identify and send the documents to you. Following an intervention it may take some time for the CLC to access archived files and documents, but your request will be actioned as quickly as possible.