I am the registered owner of a freehold residence in Stoke Newington but nevertheless pay rent, why is this and what is this?

It is rare for properties in Stoke Newington and has limited impact for conveyancing in Stoke Newington 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 establishment of fresh rentcharges from 1977 onwards.

Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.

I am looking to buy a house and require a conveyancing solicitor in Stoke Newington who is on the Leeds Building Society solicitor. Can you recommend a local solicitor?

Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Leeds Building Society in certain locations such as Stoke Newington. We dont recommend any particular firm.

I require fast conveyancing in Stoke Newington as I have a deadline to sign on the dotted line in less than one month. A home loan is not required. Can I avoid the conveyancing searches to save money and time?

As you are are a mortgage free buyer you have the choice not to do searches although no solicitor would recommend that you don't. With lots of history conveyancing in Stoke Newington the following are instances of issues that can arise and adversely affect the marketability of the property: Refused Planning Applications, Overdue Charges, Outstanding Grants, Unadopted Roads,...

How does conveyancing in Stoke Newington differ for new build properties?

Most buyers of new build property in Stoke Newington contact us having been asked by the seller to sign contracts and commit to the purchase even before the residence is constructed. This is because builders in Stoke Newington typically purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Stoke Newington or who has acted in the same development.

All being well we will complete the sale of our £150,000 flat in Stoke Newington on Monday in a week. The landlords agents has quoted £348 for Landlord’s certificate, insurance certificate and 3 years service charge statements. Is it legal for a freeholder to charge such fees for a leasehold conveyance in Stoke Newington?

Stoke Newington conveyancing on leasehold flats usually involves the buyer’s solicitor sending enquiries for the landlord to answer. Although the landlord is not legally bound to address such questions the majority will be content to assist. They are entitled to invoice a reasonable charge for responding to questions or supplying documentation. There is no set fee. The average fee for the paperwork that you are referring to is over three hundred pounds, in some transactions it is above £800. The management information fee invoiced by the landlord must be accompanied by a summary of rights and obligations in respect of administration charges, without which the charge is not strictly payable. In reality one has little option but to pay whatever is requested of you should you wish to sell the property.

I have tried to negotiate informally with with my landlord to extend my lease without success. Can the Leasehold Valuation Tribunal decide on such matters? Can you recommend a Stoke Newington conveyancing firm to assist?

Absolutely. We can put you in touch with a Stoke Newington conveyancing firm who can help.

An example of a Lease Extension matter before the tribunal for a Stoke Newington flat is Lower Flat 16A Beatty Road in September 2012. The premium payable was £13,577. The terms of the lease has been agreed between the Applicants and the First Respondent and the Tribunal did not seek to disturb that agreement. This case related to 1 flat.