I purchased a freehold property in East Croydon yet invoiced for rent, why is this and what is this?
It’s unusual for properties in East Croydon and has limited impact for conveyancing in East Croydon 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 generation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
Is it the case that all East Croydon solicitor firms on the Co-operative conveyancing panel are overseen by the SRA?
As a firm of solicitors, in order to be on the Co-operative approved list of solicitors they would need to be governed by the SRA. Many lenders do list licenced conveyancers on their panel and in such a situation the firms would be governed by the CLC.
My wife and I have arranged the release of further funds on our mortgage from Nottingham as we wish to carry out a loft conversion to our house in East Croydon. Are we obliged to choose a high street East Croydon solicitor on the Nottingham conveyancing panel to deal with the legals?
Nottingham would not normally appoint a member of their approved list of lawyers to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Nottingham panel.
I recently had an offer agreed on a house in East Croydon. My mortgage broker recommended their conveyancers. I paid an on account payment of £175. A few days later, the property lawyer called me sheepishly admitting that they were not on the Yorkshire BS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Yorkshire BS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I need some fast conveyancing in East Croydon as I am under a deadline to sign on the dotted line within one month. A home loan is not required. Can I escape the need for conveyancing searches to save money and time?
If.Given you are are a mortgage free buyer you are at free not to have searches conducted although no conveyancer would advise that you don't. With plenty of history conveyancing in East Croydon the following are instances of issues that can crop up and therefore impact future saleability: Refused Planning Applications, Overdue Charges, Outstanding Grants, Road Schemes,...
Due to the advice of my in-laws I had a survey completed on a property in East Croydon prior to appointing conveyancers. I have been advised that there is a flying freehold element to the property. My surveyor advised that some mortgage companies may not issue a mortgage on this type of home.
It depends who your proposed lender is. Santander has different instructions for example to Birmingham Midshires. Should you wish to telephone us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in East Croydon. Conveyancing may be slightly more expensive based on your lender's requirements.
Am I better off to go with a East Croydon conveyancing solicitor in close proximity to the house I am hoping to buy? We have a good friend who can execute the legal formalities but her office is 300miles away.
The benefit of a high street East Croydon conveyancing practice is that you can drop in to sign paperwork, present your ID and apply pressure on them where appropriate. They will also have local intelligence which is a bonus. However it's more important to get someone that will do a good and efficient job. If you know people who instructed your friend and in the main were content that should surpass using an unfamiliar East Croydon conveyancing lawyer solely due to them being round the corner.
What range of conveyancing matters do East Croydon conveyancing solicitors typically advise on?
Almost all East Croydon conveyancing solicitors will handle a wide sphere of legal advice to home and land proprietors, vendors, investors, freeholders and tenants assistingwith some of the following:
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Property sale conveyancing in East Croydon or wider afield
Private residential purchase conveyancing in East Croydon and throughout England and Wales
Leasehold enfranchisement (advice to both freeholders and tenants) Remortgaging arrangements Auction property conveyancing - selling and purchasing Statutory Declarations