I purchased a freehold property in Coulsdon but nevertheless invoiced for rent, why is this and what is this?
It is rare for properties in Coulsdon and has limited impact for conveyancing in Coulsdon 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 many centuries, but the Rent Charge Act 1977 barred the generation of new 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 dispensed with completely.
What is the best way to investigate if the solicitor carrying out my conveyancing in Coulsdon is on the mortgage lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Leeds Building Society thus spending £175.00 in further conveyancing costs.
Please do take advantage of the find a lender approved solicitor tool on this page. Pick the mortgage company and type ‘Coulsdon’ or your preferred area and you will discover numerous solicitors based in Coulsdon or near you.
I completed on my house on 10 January and my personal details is yet to be registered. Any reason for this? My conveyancing solicitor in Coulsdon advises it will be registered inside ten days. Are properties in Coulsdon particularly slow to register?
There is nothing unique about conveyancing in Coulsdon registration formalities. Rather than based on location, timeframes can vary depending on the party submitting the application, whether there are errors and whether the Land registry need to notify any other parties. As of today roughly three quarters of submission are fully dealt with within 12 days but some can be subject to longer hold-ups. Historically registration is effected once the new owner has moved in to the premises thus 'speed' is not typically an essential issue yet where it is urgent that the the registration takes place urgently then you or your conveyancer should communicate with the Registry to express the reasoning for an expedited registration.
I've recently found out that there is a flying freehold issue on a house I put an offer in last month in what should have been a quick, no chain conveyancing. Coulsdon is where the house is located. Can you shed any light on this issue?
Flying freeholds in Coulsdon are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Coulsdon you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Coulsdon 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 property.
I have been sourcing a conveyancing lawyer in Coulsdon for my house move. Can I review a firm’s record with the legal regulator?
You may find presented Solicitor Regulator Association (SRA) decisions stemming from investigations commenced on or after Jan 2008. Visit Check a solicitor's record. To find information about the period before 1 January 2008, or to check a solicitors record, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, dial +44 (0)121 329 6800. The SRA may monitor call for training purposes.
Is it possible for you to suggest a trustworthy Coulsdon conveyancer for purchasing a flat? A relative recommended one but their quote was £995 plus VAT for a 175k property. That seems a wee bit steep. The bank will be Principality.
The purpose of this site is restricted to being a directory service for conveyancing practitioners who want to be listed as being on the approved conveyancing panel for Principality in certain areas for example Coulsdon . Our intention is not to recommend any specific lawyer.