I am the registered owner of a freehold residence in Caerwent yet pay rent, why is this and what is this?
It is rare for properties in Caerwent and has limited impact for conveyancing in Caerwent 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 hundreds of years, but the Rent Charge Act 1977 barred the generation of fresh rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
Despite weeks of looking the Title Certificate and documents to our property can not be found. The conveyancers who did the conveyancing in Caerwent 5 years ago no longer exist. What do I do?
In today’s world there are duplicates made of almost everything, and your solicitor should know precisely where to find all the appropriate paperwork so you can purchase or sell your property without a hitch. If copies can’t be located, your lawyer can put in place insurance or indemnities protecting you against future claims on your premises.
Due to the advice of my in-laws I had a survey completed on a house in Caerwent prior to retaining lawyers. I have been informed that there is a flying freehold element to the property. The surveyor has said that some mortgage companies tend not give a loan on such a house.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Birmingham Midshires. If you e-mail us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Caerwent. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Caerwent to see if the conveyancing costs will increase in light of this.
Hoping to buy a property located in Caerwent and I am already nervous. I couldn't find anything specific about Caerwent. Conveyancing will be needed in due course but do you know about the Caerwent area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Caerwent. In the meantime here are some basic statistics that we found
Is it best to go with a Caerwent conveyancing lawyer who is local to the property I am purchasing? We have a good friend who can carry out the conveyancing but her office is 200miles drive away.
The primary upside of using a local Caerwent conveyancing practice is that you can pop in to execute documents, present your identification documents and pester them where appropriate. Having local Caerwent know how is a benefit. However it's more important to get someone that will do a good and efficient job. If if people you trust used your friend and they were impressed that should outweigh using an unfamiliar Caerwent conveyancing lawyer solely due to them being based in the area.
My parents cant seem to find their Caerwent land registry title on the website. They have a vague recollection fifty years ago when they acquired the bungalow there were complications with the post code not being recognised in some systems.
Almost all premises in Caerwent should appear. Have you limited your search with simply the postcode. Usually it will identify all the houses and flats inside the postcode. Where recorded it will be there with a title number. Where they bought back in the 70’s it's conceivable it may be unrecorded. The property might still be revealed but with the title number identified as 'na'. In this scenario you will need to track down the original title documentation which may be with your parent’s bank.