I purchased a freehold premises in Fairwater but still pay rent, why is this and what is this?
It is rare for properties in Fairwater and has limited impact for conveyancing in Fairwater 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 creation of new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
We are aiming to move home in April. Should my conveyancing solicitor communicate with the removal company on the day of completion. Incidentally, can you recommend a removal company in Fairwater. Conveyancing firm was organised prior to coming across your page.
On the day of completion you can pick up the house keys from your selling agent but this should only be done when the previous owners lawyers confirm to the agent that the monies to complete are in and the keys can be collected. After that you will need to advise the removal company that you are ready to move in. We are not in a position to recommend a particular removal organisation but can assist you in locating a conveyancing in Fairwater or a legal practice with expertise in conveyancing in Fairwater.
Can I be sure that the Fairwater conveyancing solicitor on the Leeds Building Society panel is any good?
When it comes to conveyancing in Fairwater getting recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always recommend that you speak with the solicitor handling your conveyancing.
I currently have a mortgage with Leeds Building Society for my property in Fairwater. Conveyancing has been completed months ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Leeds Building Society?
Leeds Building Society must be informed of your intention prior to letting out your property as this is likely to be a breach of Leeds Building Society’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Leeds Building Society directly. You need not do this via a Leeds Building Society conveyancing panel lawyer.
My wife and I own a 4 bedroom Victorian house in Fairwater. Conveyancing solicitor represented me and The Mortgage Works. I did a free Land Registry search last week and there are a couple of entries: one for freehold, the second leasehold under the exact same property. If a house is not a freehold shouldn't I have been informed?
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Fairwater and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the position with your conveyancing lawyer who conducted the conveyancing.
I'm refinancing my primary house to a BTL loan with Leeds Building Society and I will use the ballance of the raised equity towards another house. The area we are talking about is Fairwater. Will your conveyancers be able to act for both sets of banks and link together the transactions?
Do use our comparison tool on this page to be sure that the solicitors are on the appropriate lender panels. Assuming that they are the lawyer should be able to tie up the two deals but you should talk with you conveyancer and make clear your expectations and requirements.
I am thinking of appointing a conveyancing lawyer in Fairwater for my purchase. Is it possible to see a firm’s record with the profession’s regulator?
Anyone can find published Solicitor Regulator Association (SRA) determinations arising from inquisitions started on or after 1 January 2008. Go to Check a solicitor's record. For details about the period before 1 January 2008, or to check a solicitors record, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, use +44 (0)121 329 6800. The SRA may monitor telephone calls for training requirements.
What are your top tips when it comes to choosing a Fairwater conveyancing firm to carry out our lease extension conveyancing?
When appointing a property lawyer for your lease extension (regardless if they are a Fairwater conveyancing firm) it is most important that they be familiar with the legislation and specialises in this area of work. We suggest that you speak with two or three firms including non Fairwater conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions could be helpful:
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How experienced is the firm with lease extension legislation? Can they put you in touch with clients in Fairwater who can give a testimonial?
Fairwater Conveyancing for Leasehold Flats - A selection of Queries before buying
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The best form of lease structure is where the freehold title is owned by the leaseholders. In this scenario the lessees have control and although a managing agent is usually employed where it is larger than a house conversion, the managing agent employed by the leaseholders. In the main the outlay for major works tend not to be incorporated into the service charges, although some managing agents in Fairwater obliged leasehold owners to pay into a reserve fund and this is used to offset against larger works.