I purchased a freehold house in Camelford but nevertheless pay rent, why is this and what is this?
It is rare for properties in Camelford and has limited impact for conveyancing in Camelford 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 post 1977.
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 dispensed with completely.
My fiance and I are purchasing a purpose built apartment in Camelford with a homeloan from Skipton Building Society.We would like to retain our Camelford conveyancing practitioner but Skipton Building Society says his firm is not on their "panel". We have to appoint a Skipton Building Society panel solicitor or keep our local solicitor and fork out for one of their panel ones to represent them. We feel as though this is unjust; Can we not simply insist that Skipton Building Society use our lawyer?
No, not really. The home loan offered to you is subject to its terms and conditions, one of which will be that solicitors needs to be on the Skipton Building Society conveyancing panel. Until recently, most lenders had large numbers of solicitors on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for Skipton Building Society
What does a local search reveal regarding the house we're purchasing in Camelford?
Camelford conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search company such as Onsearch The local search plays an important role in most Camelford conveyancing purchase; as long as you don’t want any nasty surprises after you move into your property. The search will provide data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject headings.
The deeds to my property can not be found. The lawyers who conducted the conveyancing in Camelford 5 years ago no longer exist. What do I do?
Nowadays there are copies made of almost everything, and your solicitor should be aware exactly where to find all the suitable paperwork so you can purchase or sell your property without a hitch. Where copies can’t be found, your conveyancer may be able to put in place insurance or indemnities protecting you against possible claims on the premises.
I decided to have a survey done on a house in Camelford prior to retaining conveyancers. I have been advised that there is a flying freehold overhang to the house. Our surveyor has said that some banks tend refuse to issue a mortgage on this type of house.
It depends who your proposed lender is. Lloyds has different requirements for example to Birmingham Midshires. Should you wish to call us we can look into this 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 Camelford. Conveyancing may be slightly more expensive based on your lender's requirements.
I am downsizing from my property. My previous conveyancers closed down. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Camelford if that makes things easier.
Please use our search tool to help you find a solicitor for your conveyancing in Camelford. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.