I own a freehold property in Tottenham Green but still charged rent, why is this and what is this?

It’s unusual for properties in Tottenham Green and has limited impact for conveyancing in Tottenham Green 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.

Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.

Will our conveyancer be asking questions concerning flooding during the conveyancing in Tottenham Green.

Flooding is a growing risk for conveyancers carrying out conveyancing in Tottenham Green. Plenty of people will buy a property in Tottenham Green, completely expectant that at some time, it may suffer from flooding. However, aside from the physical destruction, if a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate insurance cover, or dispose of the premises. There are steps that can be taken during the course of a property purchase to forewarn the buyer.

Lawyers are not qualified to offer advice on flood risk, but there are a various searches that can be undertaken by the purchaser or on a buyer’s behalf which should give them a better appreciation of the risks in Tottenham Green. The conventional set of information supplied to a buyer’s conveyancer (where the Conveyancing Protocol is adopted) includes a usual inquiry of the vendor to find out if the property has ever been flooded. If flooding has previously occurred and is not revealed by the vendor, then a buyer may bring a legal claim for losses as a result of such an misleading reply. A buyer’s conveyancers may also commission an enviro search. This should higlight whether there is any known flood risk. If so, more detailed investigations should be made.

I've recently found out that there is a flying freehold element on a house I have offered on two weeks back in what should have been a simple, no chain conveyancing. Tottenham Green is the location of the property. Is there any advice you can impart?

Flying freeholds in Tottenham Green are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Tottenham Green 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 Tottenham Green may decide 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 premises.

I need to appoint a conveyancing solicitor for my conveyancing in Tottenham Green. I have stumble across a site which looks to be the ideal answer If there is a chance to get all the legals completed via phone that would be preferable. Should I be concerned? What are the potential pitfalls?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?

I have been advised by many family members that it should take up to two months for Tottenham Green conveyancing to complete.This was four weeks ago. The property information was only received from the vendors property lawyer a few days ago so now does it countdown?

You need to be pragmatic about timescales. Conveyancing in Tottenham Green usually takes about ten weeks. This time period is not because property lawyer are slow and purposely delay matters. The level of money involved in buying any residence is so high, the purchaser's conveyancer needing to carry out a wide range of questions, searches and other checks to protect the purchaser and their lender (if there is to be a mortgage) from expensive, avoidable problems. These investigations involves seeking information from a range of different parties, including other property lawyer, local councils, private companies, mortgage companies. Some of these are efficient. Others are not. It is worth noting that, it doesn't matter how quickly your conveyancer do their job, if the people you are buying from or are selling to aren't ready, nothing can go ahead until they are up to speed.