I am the registered owner of a freehold residence in Wapping yet charged rent, why is this and what is this?

It is rare for properties in Wapping and has limited impact for conveyancing in Wapping 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 extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.

Yesterday I discovered that there is a flying freehold issue on a property I have offered on last month in what was supposed to be a straight forward, chain free conveyancing. Wapping is the location of the property. Can you shed any light on this issue?

Flying freeholds in Wapping are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Wapping you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Wapping 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 residence.

How easy is it to use your search facility to find a conveyancing practitioner in Wapping on the authorised to act for my mortgage?

First select a lender such as , or then specify your location for example Wapping. Conveyancing practices in Wapping and nationally will then be listed.

Leasehold Conveyancing in Wapping - Sample of Questions you should ask before buying

The best form of lease arrangement is a share of the freehold. In this scenario the lessees enjoy control and although a managing agent is usually retained where the building is larger than a house conversion, the managing agent retained by the leaseholders. Please tell me if there are any major works in the planning that could add a premium to the maintenance charges? Are any of leasehold owners in dispute over their service charge liability?

We are soon to buying a house in Wapping. Can the keep the amount we are are buying for confidential from sites such as Rightmove. How do I make sure this is not noted?

HMLR as a matter of law bound to note price paid information on a register of the title for residential properties countrywide which includes homes in Wapping. The register of title is an open document, so HMLR would be breaching their statutory duty if they failed to permit access to the register.

You can ask HM Land Registry to hide the amount paid data however the answer will be in the negative.