I purchased a freehold premises in Aldersbrook yet charged rent, why is this and what is this?

It’s unusual for properties in Aldersbrook and has limited impact for conveyancing in Aldersbrook 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 establishment of fresh rentcharges from 1977 onwards.

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

About to purchase a new build apartment in Aldersbrook. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.

Here are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Aldersbrook

There must be mutual enforceability of lessee’s covenants. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?

I opted to have a survey carried out on a property in Aldersbrook before retaining lawyers. I have been informed that there is a flying freehold overhang to the property. The surveyor advised that some lenders tend not grant a loan on such a premises.

It depends who your proposed lender is. HSBC has different requirements for example to Halifax. If you call us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Aldersbrook. Conveyancing may be slightly more expensive based on your lender's requirements.

Is it simple use the search facility to locate a conveyancing lawyer in Aldersbrook on the authorised to act for my mortgage?

1st choose a mortgage company such as Halifax, The Royal Bank of Scotland or Aldermore then type in your preferred area for instance Aldersbrook. Conveyancing practices in Aldersbrook and across England and Wales will then be identified.

I've recently bought a leasehold flat in Aldersbrook. Do I have any liability for service charges relating to a period prior to my ownership?

In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

I have tried to negotiate informally with with my landlord to extend my lease without any joy. Can the Leasehold Valuation Tribunal decide on such matters? Can you recommend a Aldersbrook conveyancing firm to act on my behalf?

Where there is a missing landlord or where there is dispute about the premium for a lease extension, under the relevant legislation you can apply to the LVT to determine the amount due.

An example of a Freehold Enfranchisement matter before the tribunal for a Aldersbrook property is 9 Granville Road in June 2014. The tribunal determines the enfranchisement price payable by the applicants for the freehold was £32,548 This case related to 5 flats. The unexpired term was 73.8 years.