I am purchasing a house without a mortgage in Upper Holloway. I have lived for the previous Seventeen years in Upper Holloway. Conveyancing searches are a lot of money. Given that I know the road and vicinity intimately must I have all the conveyancing searches?

Provided that you do not need a home loan, then almost all of the Upper Holloway conveyancing searches are at your discretion. Your solicitor will try and sway you, no-doubt strongly, that you should have searches completed, but he has a professional duty to do this. One thing to consider; if you are likely to sell the house one day, it could be of interest to your future buyer what the searches contain. There are plenty of instances where premises with day to day issues can still show up detrimental search results. A good conveyancing solicitor in Upper Holloway should be able to give you some practical guidance in this regard.

I purchased a freehold house in Upper Holloway but nevertheless pay rent, why is this and what is this?

It’s unusual 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 have existed for many centuries, but the Rent Charge Act 1977 barred the generation of new rentcharges from 1977 onwards.

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

I am buying a new build flat in Upper Holloway. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.

Set out below is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Upper Holloway

There must be mutual enforceability of lessee’s covenants. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.

Due to the encouragement of my in-laws I had a survey completed on a house in Upper Holloway ahead of appointing solicitors. I have been informed that there is a flying freehold overhang to the house. The surveyor advised that some banks may not grant a loan on a flying freehold property.

It varies from the lender to lender. Bank of Scotland has different requirements for example to Halifax. If you call us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Upper Holloway. Conveyancing will be smoother if you use a solicitor in Upper Holloway especially if they are acquainted with such properties in Upper Holloway.

I am downsizing from my home. My former lawyers closed down. It would be helpful to have a recommendation of a conveyancing firm. Im based in Upper Holloway if that makes a difference.

Do use our search tool to help you find a solicitor for your conveyancing in Upper Holloway. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.