I am obtaining a offer of a home loan from Santander. My intention is to use a Licensed Conveyancer in Cherry Burton. Does the Santander Conveyancing panel include conveyancers regulated by the CLC?
The Santander approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
I purchased a freehold premises in Cherry Burton but nevertheless charged rent, why is this and what is this?
It is rare for properties in Cherry Burton and has limited impact for conveyancing in Cherry Burton 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 new rentcharges post 1977.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
We are purchasing a property in Cherry Burton. It might be a silly question but how we can trust a conveyancer? At some point we will need to deposit money into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Is it the case that all Cherry Burton solicitors on the UBS conveyancing panel are governed by the SRA?
As a firm of solicitors, in order to be on the UBS conveyancing panel they would need to be governed by the SRA. The majority of lenders do permit licenced conveyancers on their panel in which case such organisation would be governed by the Council of Licensed Conveyancers.
After shopping around on the internet I have found a Cherry Burton solicitor having checked that they are on the Coventry BS conveyancing panel. Does my lawyer arrange the survey of the property?
Coventry BS will need an independent valuation of the property. Your lawyer will not arrange this. Usually Coventry BS will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Cherry Burton surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Do I need to pay for insurance to protect me from financial exposure to chancel repairs when purchasing a residence in Cherry Burton?
Unless a prior purchase of the property took place post 12 October 2013 you can assume that conveyancing practitioners carrying out conveyancing in Cherry Burton to remain encouraging a chancel search and or chancel repair liability policy.
The deeds to our house are lost. The conveyancers who did the conveyancing in Cherry Burton 4 years ago have long since closed. What are my next steps?
Gone are the days when you need to hold title original deeds to evidence that you are the owner of your registered land or property, given that the Land Registry have everything they need in a digital format.
I've recently found out that there is a flying freehold element on a property I put an offer in two weeks back in what should have been a straight forward, chain free conveyancing. Cherry Burton is the location of the property. Can you shed any light on this issue?
Flying freeholds in Cherry Burton are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Cherry Burton you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cherry Burton may decide 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 premises.