I purchased a freehold premises in Bramford yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Bramford and has limited impact for conveyancing in Bramford 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 establishment of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
My flat in Bramford is up for sale and I have a buyer. Will the conveyancer need to be on the Aldermore conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Aldermore conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently at the moment.
A friend pointed out to me me that in buying a property in Bramford there could be various restrictions limiting what one can do in terms of external alterations to the property. Is this right?
We are aware of a number of properties in Bramford which have some sort of restriction or requirement of consent to execute external changes. Part of the conveyancing in Bramford should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
When it comes to lenders such as Nottingham, do Bramford property lawyers face a yearly amount to be on the conveyancing panel?
We are unaware of any bank fees to register on their list of approved firms, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
Is it the case that all Bramford solicitor firms on the TSB conveyancing panel are overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the TSB conveyancing panel they would need to be overseen by the SRA. Many banks do list licenced conveyancers on their panel and in such a situation the practice would be regulated by the CLC.
I understand that there are debates on Chancel Insurance on online forums. Do I need this when acquiring a house in Bramford? or I am told that there is a law dating back centuries that means some house owners living in a parish church boundary may be liable to pay for maintenance towards the chancel in proximity to the church. Is this applicable for conveyancing in Bramford?
Unless a prior acquisition of the property took place after 12 October 2013 you could expect conveyancing practitioners conducting conveyancing in Bramford to continue to advocate a chancel search and or chancel repair liability insurance.
How does conveyancing in Bramford differ for new build properties?
Most buyers of new build or newly converted property in Bramford contact us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is constructed. This is because new home sellers in Bramford 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 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 used to new build conveyancing in Bramford or who has acted in the same development.
As co-executor for the will of my uncle I am selling a house in Newport but live in Bramford. My conveyancer (based 250 kilometers awayneeds me to sign a stat dec before the transaction finalising. Can you recommend a conveyancing practitioner in Bramford who can witness this legal document for me?
Technically speaking you should not need to have the documents attested by a conveyancing solicitor. Normally or notary public or solicitor will suffice regardless of whether they are Bramford based