I own a freehold property in Blaina but still pay rent, why is this and what is this?
It is rare for properties in Blaina and has limited impact for conveyancing in Blaina 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 creation 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 after 2037 will be extinguished.
We are planning to purchase with Melton Mowbray Building Society. I visited 3 or 4 high street companies but am struggling to find a Blaina conveyancing firm on the Melton Mowbray Building Society panel. Can you assist?
You should take advantage of the search tool on this web page. Please choose the building society and type Blaina or your preferred area and you will discover numerous conveyancers located in Blaina or by proximity to you.
There are plenty of conveyancing solicitors in Blaina but how do I know who's good?
Do not opt for the lowest Blaina conveyancing costs illustration. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in advance.
When it comes to mortgage companies such as UBS, do Blaina conveyancing practitioners have to pay a fee to be on the list of approved solicitors?
We are unaware of any mortgage company fees to be on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
I recently had an offer agreed on an apartment in Blaina. My financial adviser recommended their conveyancers. I paid an on account payment of £200. Soon after, the lawyer called me sheepishly admitting that they were not on the Skipton conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Skipton panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Are there restrictive covenants that are commonly identified as part of conveyancing in Blaina?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Blaina. 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…’
Due to the input of my in-laws I had a survey completed on a property in Blaina ahead of retaining conveyancers. I have been advised that there is a flying freehold overhang to the house. Our surveyor has said that some mortgage companies may refuse to give a loan on a flying freehold home.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Nationwide. If you e-mail us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Blaina. Conveyancing will be smoother if you use a solicitor in Blaina especially if they are acquainted with such properties in Blaina.
Should one as executor remove a deceased person's details from the title register for a property in Blaina?
Where a Blaina property is jointly owned and one of the owners passes away, the name will not immediately be removed from the Land Registry title. You are not required to remove their name as in the event of a sale your lawyer would just be asked to supply proof why the co proprietor is not included in the contract, such as the probate documents.
With a view to making things smoother in the future you may apply to have the deceased person erased from the title by applying to HMLR with proof of the death. There is no land registry fee payable.