I am the registered owner of a freehold premises in Cawthorne but still invoiced for rent, why is this and what is this?
It is rare for properties in Cawthorne and has limited impact for conveyancing in Cawthorne 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 generation of fresh rentcharges post 1977.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
I have paid off my mortgage with Lloyds. I assume I don't need a Cawthorne property lawyer on the Lloyds panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Lloyds mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Lloyds mortgage from the register. Lloyds, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Lloyds has sent the Land Registry the discharge electronically, and
- Lloyds has instructed the Land Registry to do so
Completion of my purchase has taken place for my property in Cawthorne. Conveyancing was satisfactory but I would like to complain about the lender. How does one go about formally complaining?
Almost all banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Team at head office. Ordinarily complaints to a lender are resolved very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
Our offer on a property in Cawthorne has been accepted, but there is a chain. The sellers have put an offer on a flat, however it’s not yet agreed to, and have viewings of other properties booked. I have chosen a high street conveyancing solicitor in Cawthorne. What do I do now? When do I get the mortgage application with Nationwide started?
It is normal to have apprehensions where there is a chain as you are unlikely to want to incur expenses too early (mortgage application is in the region of one thousand pounds, then valuation, Cawthorne conveyancing search fees, etc). First, you should check that your conveyancing practitioner is on the Nationwide approved list. Concerning the next steps this very much dictated by the specifics of your case, motivation for the property and on the state of the market. In a rising market the majority of buyers would apply for a home loan with Nationwide and pay for the valuation and only if it was satisfactory would they pay their solicitor to press on with the conveyancing in Cawthorne.
I have todaybeen informed that Action Conveyancing have been shut down. They conducted my conveyancing in Cawthorne for a purchase of a leasehold flat 9 months ago. How can I check that the property is registered correctly in the name of the previous owner?
The easiest way to check if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Cawthorne conveyancing specialists.
How does conveyancing in Cawthorne differ for newly converted properties?
Most buyers of new build or newly converted property in Cawthorne come to us having been asked by the builder to exchange contracts and commit to the purchase even before the house is built. This is because house builders in Cawthorne usually purchase the real estate, 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 conveyancers 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 accustomed to new build conveyancing in Cawthorne or who has acted in the same development.
I've recently found out that there is a flying freehold element on a property I put an offer in a fortnight ago in what was supposed to be a quick, chain free conveyancing. Cawthorne is where the house is located. Is there any advice you can impart?
Flying freeholds in Cawthorne are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Cawthorne you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cawthorne may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I have recently realised that I have Sixty One years remaining on my lease in Cawthorne. I now wish to get lease extension but my freeholder is absent. What should I do?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the Court. You will be obliged to prove that you have done all that could be expected to track down the lessor. For most situations a specialist should be useful to try and locate and to produce a report to be used as evidence that the landlord is indeed missing. It is wise to seek advice from a conveyancer both on devolving into the landlord’s absence and the application to the County Court overseeing Cawthorne.
Cawthorne Conveyancing for Leasehold Flats - A selection of Queries Prior to buying
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The majority of Cawthorne leasehold properties will be liable to pay a service charge for the upkeep of the block levied by the freeholder. Should you acquire the property you will have to meet this contribution, usually periodically accross the year. This could differ from several hundred pounds to thousands of pounds for blocks with lifts and large communal areas. There will also be a rentcharge for you to pay annual, this is usually not a large sum, say about £50-£100 but you should to enquire as sometimes it could be many hundreds of pounds. What is the annual service fee and ground rent? Best to be warned whether window replacement or some other significant cost is anticipated to be shared between the tenants and may well materially impact the level of the service costs or necessitate a specific invoice.