I purchased a freehold property in Bedfordshire but nevertheless charged rent, why is this and what is this?
It is rare for properties in Bedfordshire and has limited impact for conveyancing in Bedfordshire 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 creation of fresh rentcharges from 1977 onwards.
Previous 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 dispensed with completely.
My wife and I are buying a flat in Bedfordshire. It might be a silly question but how we can trust a lawyer? At some point we will need to deposit money into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
A colleague advised me that in purchasing a property in Bedfordshire there may be various restrictions preventing external alterations to the property. Is this right?
There are a number of properties in Bedfordshire which have some sort of restriction or requirement of consent to perform external variations. Part of the conveyancing in Bedfordshire should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Is there a list of Nationwide panel solicitors in Bedfordshire on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such tool on the CML or Building Society Association websites. A small selection of lending institutions make their panel listings viewable over the internet. If you are seeking to appoint a Bedfordshire property lawyer on the Nationwide please use our tool.
I have todayfound out that Wolstenholmes have been shut down. They carried out my conveyancing in Bedfordshire for a purchase of a leasehold apartment 12 months ago. How can I be sure that my home is in my name in the name of the previous owner?
The easiest way to see if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Bedfordshire conveyancing specialists.
How does conveyancing in Bedfordshire differ for newly converted properties?
Most buyers of new build residence in Bedfordshire come to us having been asked by the seller to exchange contracts and commit to the purchase even before the property is finished. This is because new home sellers in Bedfordshire typically acquire 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 property lawyers 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 accustomed to new build conveyancing in Bedfordshire or who has acted in the same development.
My husband and I are FTB’s - had an offer accepted, yet the agent has warned us that the seller will only issue a contract if we instruct their preferred lawyers as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a high street solicitor used to conveyancing in Bedfordshire
We suspect that the seller is not behind this demand. If they desire ‘a quick sale', turning down a motivated buyer is going to damage their objectives. Speak to the owners direct and make sure they comprehend that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you are unencumbered (d) you wish to move quickly (e)however you are going to appoint your own,trusted Bedfordshire conveyancing firm - as opposed tothe ones that will provide the estate agent a kickback or meet his conveyancing figures pre-set by head office.
I note that you have a post code search directory identifying law firms on the lender conveyancing panel. Do Bedfordshire conveyancing companies pay you a commission if I appoint them for my house purchase?
We are a listing service only for law firms wishing to communicate if they are on the mortgage company conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Bedfordshire.