I purchased a freehold house in Stamford Hill but nevertheless pay rent, why is this and what is this?

It’s unusual for properties in Stamford Hill and has limited impact for conveyancing in Stamford Hill 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 hundreds of years, but the Rent Charge Act 1977 barred the creation of new rentcharges post 1977.

Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.

I am planning to move house in October. Will my conveyancing solicitor update the removal company on the completion day. As an aside, can you put forward a removal company in Stamford Hill. Conveyancing firm was found before I stumbled across your website.

On the day of completion you will need to collect the keys from your property agent however this can only happen after the sellers conveyancers advise the agent that they have the completion monies and the keys can be released. You can advise the removal company that they can start moving you in. We are not in a position to recommend a particular removal company but can help you find a residential property solicitor in Stamford Hill or a legal practice with expertise in conveyancing in Stamford Hill.

I am purchasing a property in Stamford Hill. A rare aspect is that the roof has a solar panel. Co-operative have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?

Given that you are obtaining a mortgage with Co-operative your lawyer must check the conveyancing instructions outlined in Section 2 of UK Finance Lenders’ Handbook for Co-operative. The Council of Mortgage Lenders’ Handbook sets out minimum specifications for solar panel roof-space leases, and conveyancing practitioners are required to report to Co-operative where a lease does not comply with these provisions. The specifications relate to the installation of panels on properties nationwide and is not isolated to Stamford Hill.

I have finally had an offer on a maisonette in Stamford Hill accepted, but there is a chain. The vendors have offered on on an apartment, however it’s not yet tied up, and have viewings of other apartments in the pipeline. I have instructed a high street conveyancing solicitor in Stamford Hill. What do I do now? At what point should I apply for the mortgage with Bank of Ireland?

It is normal to have concerns where there is a chain as you are unlikely to want to incur expenses prematurely (mortgage application is in the region of £1k, then valuation, Stamford Hill conveyancing search costs, etc). The first thing to do is check that your conveyancer is on the Bank of Ireland approved list. Concerning the subsequent phase this very much dictated by the specifics of your case, motivation for this property and on the state of the market. In a rising market many home buyers will apply for a home loan with Bank of Ireland and pay for the valuation and only if it comes back ok would they pay their property lawyer to press on with the conveyancing in Stamford Hill.

What does commercial conveyancing in Stamford Hill cover?

Stamford Hill conveyancing for business premises incorporates a wide array of guidance, provided by regulated solicitors, relating to business property. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.

I have just appointed agents to market my basement apartment in Stamford Hill. Conveyancing lawyers have not yet been instructed, but I have recently had a half-yearly service charge invoice – should I leave it to the buyer to sort out?

The sensible thing to do is clear the invoice as normal given that all ground rent and maintenance payments will be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.

Following months of negotiations we cannot agree with our landlord on how much the lease extension should cost for our flat in Stamford Hill. Can we issue an application to the Residential Property Tribunal Service?

in cases where there is a absentee landlord or if there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the Leasehold Valuation Tribunal to decide the price.

An example of a Lease Extension case for a Stamford Hill property is Flat 25, Stamford Hill Mansions Stamford Hill in April 2010. The Tribunal therefore determined that the premium to be paid by the lessee to the freeholder for the extension of the lease should be £28,984.00 This case was in relation to 1 flat. The unexpired term as at the valuation date was 59 years.

What is the reason for my solicitor requiring a list of items of ID ahead of starting selling or buying a property in Stamford Hill?

Stamford Hill solicitors are duty bound by the Law Society, SRA, HMLR and current Money Laundering legislation to record that the have checked the identity of their clients. It will also be a requirement of your lender where you are obtaining a mortgage. Furthermore they have to complete various forms, particularly those relating to SDLT and need to have information such as your full names, NI number and date of birth.