I own a freehold property in Enfield Wash but nevertheless pay rent, why is this and what is this?

It is rare for properties in Enfield Wash and has limited impact for conveyancing in Enfield Wash 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 establishment of new 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 in 2037 will be dispensed with completely.

What can a local search tell me regarding the house my wife and I buying in Enfield Wash?

Enfield Wash conveyancing often commences with the ordering local authority searches directly from your local Authority or via a personal search company for instance Xpress Legal The local search plays an important role in most Enfield Wash conveyancing purchase; as long as you wish to avoid any nasty once you have moved into your new home. The search should reveal data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject areas.

I acquired my house on 13 February and my personal details is not yet registered. Should I be concerned? My conveyancing solicitor in Enfield Wash said it would be recorded inside ten days. Are transfers in Enfield Wash particularly slow to register?

There is nothing unique when it comes to conveyancing in Enfield Wash registration formalities. As opposed to being determined by geographic area, timeframes can differ according to the party submitting the application, whether there are errors and whether the Land registry have to notify any 3rd persons or bodies. Currently in the region of 80% of submission are fully addressed in less than three weeks but occasionally there can be longer hold-ups. Registration occurs once the purchaser is living at the premises so an expedited registration is not always primary concern yet if there is a degree of urgency associated with the registration then you or your lawyers could contact the land registry and explain the circumstances.

I have been on the look out for a leasehold apartment up to £245,000 and found one round the corner in Enfield Wash I like with open areas and transport links nearby, however it only has 52 years on the lease. I can't really find anything else in Enfield Wash for this price, so just wondered if I would be making a mistake buying a lease with such few years left?

If you require a home loan that many years will be problematic. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of 2 years you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.

In sourcing the web for the phrase conveyancing in Enfield Wash it reveals many conveyancersin the vicinity. With so much choice what is the best way to find the right conveyancer for purchase transaction?

The ideal method of finding the right conveyancer is via trusted recommendation, so seek the opinion of friends and family who have bought a property in Enfield Wash or a reputable estate agent or mortgage broker. Costs for conveyancing in Enfield Wash differ, so it's advisable to obtain a minimum of four costs illustrations from varying types of property lawyers. Dont forget to clarify what costs in the quote includes.