I purchased a freehold house in Barnehurst yet pay rent, why is this and what is this?
It is rare for properties in Barnehurst and has limited impact for conveyancing in Barnehurst 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 hundreds of years, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
I had a mortgage agreed in principle with Coventry BS. Barnehurst conveyancing practitioners were appointed. How long does it take for Coventry BS to forward the offer to the property lawyer?
There is no definitive answer here. Have Coventry BS conducted the valuation? Have you informed Coventry BS as to your lawyers' details and checked that your lawyers are on the Coventry BS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I'm at the point of viewing flats in Barnehurst and I am about to put in an offer. Is it too early to have a solicitor in place? I am planning to take a mortgage with Clydesdale.
It would be sensible to start your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their details on to the selling agent. Given that you are getting a mortgage with Clydesdale, ask your prospective lawyers if they are on the Clydesdale conveyancing panel otherwise they can't do the mortgage legal work.
Planning on purchasing a house in Barnehurst. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the RBS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Barnehurst solicitor is on the RBS conveyancing panel.
Do commercial conveyancing searches reveal planned roadworks that could affect a commercial land in Barnehurst?
Many commercial conveyancing solicitors in Barnehurst will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in investigating accurate data on highways that impact buildings and development assets in Barnehurst. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Barnehurst.
For every commercial conveyancing transaction in Barnehurst it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately may cause delays to Barnehurst commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not carried out for domestic conveyancing in Barnehurst.
It has been three months following my purchase conveyancing in Barnehurst took place. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Barnehurst differ for newly converted properties?
Most buyers of new build residence in Barnehurst contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is finished. This is because house builders in Barnehurst typically buy 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 conveyancers 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 Barnehurst or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a house in Barnehurst before retaining lawyers. I have been told that there is a flying freehold aspect to the property. Our surveyor has said that some lenders tend not issue a loan on such a house.
It depends who your proposed lender is. HSBC has different requirements for example to Halifax. If you call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Barnehurst. Conveyancing will be smoother if you use a solicitor in Barnehurst especially if they are acquainted with such properties in Barnehurst.