I own a freehold premises in Bedlington but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Bedlington and has limited impact for conveyancing in Bedlington 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 post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
We hope to to buy with Loughborough BS. I dropped in 3 or 4 local solicitors but am struggling to find a Bedlington conveyancing firm on the Loughborough BS approved list. Can you help?
Please do make use of the search tool on this web page. Pick the mortgage company and type Bedlington or your preferred area and you will see a number of lawyer based in Bedlington or near you.
Me and my partner are buying a flat in Bedlington. I might seem paranoid but how we can trust a conveyancer? On completion day we will need to deposit our life savings 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.
is it true that all Bedlington conveyancing solicitors on the Barclays conveyancing panel are regulated by the SRA?
As solicitors, in order to be on the Barclays approved list of solicitors they would need to be regulated by the SRA. Many mortgage companies do list licenced conveyancers on their panel and in such a situation the firms would be governed by the Council of Licensed Conveyancers.
My fiancee and I are at the point of viewing flats in Bedlington and I am about to put in an offer. Should I already have a conveyancing practitioner appointed at this stage? I am planning to take a home loan with HSBC.
You should start requesting conveyancing quotes from solicitors ASAP. 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 contact information on to the selling agent. Given that you are getting a mortgage with HSBC, make sure you remember to check that your lawyer is on the HSBC conveyancing panel.
My partner and I are selling our property in Bedlington and the buyers lawyers are claiming that there is a possibility that the property was built on contaminated land. Any local lawyer would know that there is no such problem. For the life of me I don't know why the purchasers instructed an internet conveyancing outfit rather than a conveyancing solicitor in Bedlington. Having lived in Bedlington for 4 years we know that this is a non issue. Do we get in touch with our local Authority to get clarification that there is no issue.
It sounds as though you may have a conveyancing solicitor already. Are they able to advise? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
I am looking for a ground for flat up to £195,000 and identified one near me in Bedlington I like with a park and station in the vicinity, the downside is that it only has 61 remaining years left on the lease. I can't really find anything else in Bedlington suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you need a home loan that many years may be a potential deal breaker. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least twenty four months you can request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this matter.
I need to instruct a conveyancing lawyer in Bedlington for my remortgage. Can I review a firm’s record with the profession’s regulator?
One can read published Solicitor Regulator Association (SRA) determinations arising from investigations from 2008 onwards. Visit Check a solicitor's record. For records about the period before 1 January 2008, or to check a firm's history, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, call +44 (0)121 329 6800. The regulator could recorded telephone calls for training purposes.