I purchased a freehold residence in Upper Holloway but nevertheless invoiced for rent, why is this and what is this?

It is rare for properties in Upper Holloway and has limited impact for conveyancing in Upper Holloway 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 many centuries, but the Rent Charge Act 1977 barred the generation 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 will be dispensed with completely.

Are there restrictive covenants that are commonly picked up as part of conveyancing in Upper Holloway?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Upper Holloway. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

I'm refinancing my existing house to a buy to let mortgage with Skipton Building Society and I will use the rest of the raised equity as a down payment on another house. The neighborhood we are interested in is Upper Holloway. Will your lawyers be able to act for both sets of banks and tie in the conveyances?

Make use of our comparison tool on this page to check that the solicitors are approved by both mortgage companies. Having checked that they are your lawyer should be able to connect the two conveyancing matters but you should talk with you solicitor and specify your expectations and needs.

If all goes to plan we aim to complete the disposal of our £150,000 garden flat in Upper Holloway in just under a week. The managing agents has quoted £348 for Landlord’s certificate, building insurance schedule and 3 years service charge statements. Is it legal for a freeholder to charge an administration fee for a leasehold conveyance in Upper Holloway?

For the majority of leasehold sales in Upper Holloway conveyancing will involve, questions about the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :

Completing pre-exchange questions Where consent is required before sale in Upper Holloway Copies of the building insurance and schedule Deeds of covenant upon sale Registering of the assignment of the change of lessee after a sale

Your solicitor will have no control over the level of the charges for this information but the average costs for the information for Upper Holloway leasehold premises is £350. For Upper Holloway conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are required to supply answers.

I acquired a 1st floor flat in Upper Holloway, conveyancing having been completed in 1998. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in Upper Holloway with over 90 years remaining are worth £190,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease runs out on 21st October 2086

With just 62 years unexpired we estimate the premium for your lease extension to range between £17,100 and £19,800 plus costs.

The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first seeking the advice of a professional.

We are in the process of purchasing a flat in Upper Holloway. Conveyancing is not over but we would like keep the amount we are are buying for confidential from sites such as Zoopla. How can this be done?

HM Land Registry are legally obliged to specify price paid data on the official title for domestic properties nationwide including premises in Upper Holloway. The Title Register is a public document, so HMLR would be breaching their statutory obligations excluded certain properties such as your property in Upper Holloway.

In essence you can ask HMLR to hide the amount paid data but the response will be in the negative.