I purchased a freehold premises in Coombe Dingle yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Coombe Dingle and has limited impact for conveyancing in Coombe Dingle 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 establishment of fresh rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
A relative pointed out to me me that in purchasing a property in Coombe Dingle there may be a number of restrictions preventing external alterations to a property. Is this right?
We are aware of anumerous of properties in Coombe Dingle which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in Coombe Dingle should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Is there a list of TSB panel solicitors in Coombe Dingle on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such directory service on the CML or Building Society Association sites. Very few lenders make their panel listings available on the web. Where you are seeking to appoint a Coombe Dingle property lawyer on the TSB please make the most of our facility.
Is it the case that all Coombe Dingle conveyancing solicitors on the Santander conveyancing panel are overseen by the SRA?
As solicitors, in order to be on the Santander conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. The majority of lenders do allow licenced conveyancers on their panel and in that case the organisation would be regulated by the Council of Licensed Conveyancers.
Will my solicitor be asking questions concerning flooding as part of the conveyancing in Coombe Dingle.
Flooding is a growing risk for lawyers dealing with homes in Coombe Dingle. Some people will acquire a property in Coombe Dingle, fully aware that at some time, it may suffer from flooding. However, aside from the physical destruction, where a house is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or sell the property. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Conveyancers are not qualified to impart advice on flood risk, however there are a numerous checks that may be carried out by the purchaser or by their solicitors which can give them a better appreciation of the risks in Coombe Dingle. The conventional set of completed inquiry forms given to a buyer’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a standard question of the owner to find out whether the premises has historically flooded. In the event that flooding has previously occurred which is not disclosed by the vendor, then a purchaser could bring a legal claim for losses as a result of such an inaccurate answer. The purchaser’s lawyers should also commission an enviro report. This will higlight whether there is a recorded flood risk. If so, further inquiries will need to be conducted.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on a fortnight ago in what was supposed to be a simple, chain free conveyancing. Coombe Dingle is where the house is located. What do you suggest?
Flying freeholds in Coombe Dingle are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Coombe Dingle you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Coombe Dingle 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'm converting the mortgage on my existing house to a BTL mortgage with Godiva Mortgages Ltd and intend to use the remaining equity as a deposit on a second property. The neighborhood we are looking at is Coombe Dingle. Will your solicitors be able to act for the two mortgage companies and link together the conveyances?
Do use our comparison tool on this site to check that the solicitors are on the appropriate lender panels. On the basis that they are the lawyer will be able to simultaneously deal with the two conveyancing matters but you should have a chat with you solicitor and make clear your desired outcome and requirements.
Your search tool is useful but there are many lawyers listed near Coombe Dingle being on the lender conveyancing panel. Can you recommend a specific firm on the lender approved panel?
We do not recommend specific Coombe Dingle firms as the right Coombe Dingle conveyancing firm for you depends on where your priorities lie. For example you may require a local firm with Coombe Dingle knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the the firms listed to gain comfort as to which one is right for you..