I own a freehold residence in Cambridgeshire yet charged rent, why is this and what is this?
It is rare for properties in Cambridgeshire and has limited impact for conveyancing in Cambridgeshire 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 establishment of fresh rentcharges post 1977.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
How do I discover of the solicitor conducting my conveyancing in Cambridgeshire is on the bank’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Halifax thus paying £192.00 in additional legal fees.
Please do take advantage of the search tool on this site. Please choose the lender and type ‘Cambridgeshire’ or your preferred area and you will be presented with numerous conveyancers offices in Cambridgeshire or near you.
If you had a top tip for choosing a conveyancing solicitor in Cambridgeshire what would it be?
Do not opt for the cheapest Cambridgeshire conveyancing fees. You really do get what you’re paying for when it comes to property lawyers. 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 go into the conveyancing with your eyes wide open.
Please help - my lawyer says that defective lease insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Cambridgeshire?
The right level of defective lease indemnity insurance depends on who your lender is. It would differ for example between Santander and The Mortgage Works. Conveyancing practitioners as opposed to members of the public take out such policies.
Kent Reliance have agreed my home loan in principle, my bid on a house in Cambridgeshire has been accepted, what happens next?
Your property agent will want to be informed of your conveyancer's details (be sure the conveyancers are on the lender’s approved list). Contact Kent Reliance or the broker and finish off any relevant paperwork. Kent Reliance will instruct a valuer who will get in contact with the selling agent or vendor to book an appointment. Once conducted (assuming no problems) it takes about a fortnight for the mortgage offer to be issued. Kent Reliance will issue the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Cambridgeshire.
I purchased my house on 8 February and my personal details is yet to be registered. Any reason for this? My conveyancing solicitor in Cambridgeshire expressed confidence that it should be dealt with in less than a month. Are properties in Cambridgeshire particularly slow to register?
As far as conveyancing in Cambridgeshire is concerned, registration is no faster or slower than anywhere else in the country. Rather than based on location, timeframes can adjust according to the party submitting the application, whether it is in order and whether the Land registry communicate with any third persons or bodies. At present roughly three quarters of submission are fully dealt with in less than three weeks but some can be subject to protracted hold-ups. Historically registration takes place after the new owner is living at the property thus registration formalities is not typically primary concern yet where it is urgent that the the registration takes place urgently then you or your conveyancer can contact the land registry and explain the circumstances.
How can the Landlord & Tenant Act 1954 affect my commercial premises in Cambridgeshire and how can you help?
The 1954 Act gives protection to business leaseholders, granting the right to apply to court for a continuation of occupancy when the lease reaches an end. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Cambridgeshire is one of the numerous locations in which the firms we work with are based
My folks are unable to locate their Cambridgeshire land registry title on the site. They recall that sixty years ago when they bought the house there were complications with Cambridgeshire not being identified on some systems.
The vast majority of residences in Cambridgeshire should appear. Have you endevoured to search to simply the postcode. Normally it should reveal all the houses and flats inside the postcode. Assuming the property is registered it will be there with a title number. If they bought 50 years ago it's conceivable it may be not yet registered. The property could still be revealed but with the title number identified as 'na'. In this scenario you will need to locate the original title papers which could be with your parent’s bank.