I am the registered owner of a freehold premises in Burnham On Sea but still pay rent, why is this and what is this?
It is rare for properties in Burnham On Sea and has limited impact for conveyancing in Burnham On Sea 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.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
Should our conveyancer be making enquiries about flooding during the conveyancing in Burnham On Sea.
Flooding is a growing risk for conveyancers specialising in conveyancing in Burnham On Sea. There are those who purchase a property in Burnham On Sea, completely aware that at some time, it may be flooded. However, leaving to one side the physical damage, if a house is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or dispose of the property. Steps can be carried out during the course of a house purchase to forewarn the buyer.
Solicitors are not best placed to impart advice on flood risk, but there are a number of checks that may be carried out by the purchaser or by their solicitors which should figure out the risks in Burnham On Sea. The standard completed inquiry forms sent to a purchaser’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a usual inquiry of the seller to discover whether the property has historically flooded. In the event that the residence has been flooded in past and is not notified by the owner, then a buyer may issue a compensation claim as a result of such an misleading reply. A purchaser’s solicitors may also carry out an environmental search. This will reveal if there is any known flood risk. If so, more detailed investigations should be carried out.
Just acquired a terraced house in Burnham On Sea , What is the estimated time for the Land Registry to deal with the formalities evidencing my ownership? My Burnham On Sea conveyancing solicitor has been painfully slow, so I want to be sure that my name is registered.
There is nothing unique about conveyancing in Burnham On Sea registration formalities. As opposed to being determined by geographic area, timeframes can differ subject to who lodges the application, whether there are errors and whether the Land registry need to notify any interested persons or bodies. As of today roughly three quarters of submission are completed in less than three weeks but occasionally there can be longer hold-ups. Historically registration occurs after the purchaser has moved in to the premises thus an expedited registration is not typically top priority but if it is urgent that the the registration takes place urgently then you or your lawyers should communicate with the Registry to express the reasoning for the application to be prioritised.
Due to the encouragement of my in-laws I had a survey completed on a house in Burnham On Sea before appointing solicitors. I have been advised that there is a flying freehold overhang to the house. Our surveyor advised that some lenders will not issue a loan on this type of premises.
It varies from the lender to lender. Lloyds has different instructions for example to Halifax. Should you wish to call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Burnham On Sea. Conveyancing will be smoother if you use a solicitor in Burnham On Sea especially if they are accustomed to such properties in Burnham On Sea.
How simple is it to switch firm as I have to retain a firm on the TSB conveyancing list. I instructed a high street conveyancing solicitor in Burnham On Sea round the corner but the firm is not accepted by TSB
We will our best to assist in finding you a conveyancing solicitor in Burnham On Sea on the TSB panel. Please note that the property lawyers that we list do not pay us fee if you instruct them and are under regulation of the SRA who regulate all conveyancing solicitors in Burnham On Sea. In utilising the find a conveyancing solicitor tool on this website, you can compare fees for conveyancing solicitors in Burnham On Sea and beyond.
My cousin has recommend that I use his lawyers for conveyancing in Burnham On Sea. Do I take his recommendation?
Much as we are happy to recommend a Burnham On Sea conveyancing lawyer the ideal way to find a conveyancing solicitor is to get recommendations from friends or family who have actually previously instructed the conveyancer you're contemplating using.