Would the conveyancing solicitors indexed on your site conduct right to buy conveyancing in Faringdon?
We have identified plenty of conveyancing lawyers carrying out right to buy transactions You should contact us in order to get a costs illustration.
I am the registered owner of a freehold residence in Faringdon but nevertheless pay rent, why is this and what is this?
It is rare for properties in Faringdon and has limited impact for conveyancing in Faringdon 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 hundreds of years, but the Rent Charge Act 1977 barred the generation of fresh rentcharges post 1977.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
I have a terraced Georgian property in Faringdon. Conveyancing lawyer acted for me and Skipton Building Society. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, the second leasehold under the exact same property. Is it worth asking Skipton Building Society to clarify?
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Faringdon and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the position with your conveyancing solicitor who conducted the conveyancing.
How does conveyancing in Faringdon differ for new build properties?
Most buyers of new build property in Faringdon contact us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is built. This is because builders in Faringdon typically buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Faringdon or who has acted in the same development.
Is it possible to swap solicitor as I have to appoint one who is on the Birmingham Midshires conveyancing list. I hired a high street conveyancing solicitor in Faringdon round the corner but the firm is not accepted by Birmingham Midshires
We will our best to assist in finding you a conveyancing solicitor in Faringdon on the Birmingham Midshires panel. Please note that the law firms that we work with do not pay us a referral fee if you instruct them and are regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Faringdon. In making use of the find a conveyancing solicitor tool on this site, you can scrutinise fees for conveyancing solicitors in Faringdon and throughout England and Wales.
We are midway through buying a residence in Faringdon. Conveyancing solicitor has phoned to say the title is "Leasehold". Should this impact the salability of the house?
Faringdon conveyancing does not normally involve leasehold houses. The key factor here is the unexpired lease term and the ground rent. If there are over a hundred years remaining with a nominal rent, it's almost the same as freehold, so it’s unlikely to affect the marketability significantly.
At the other extreme, if it's, say, fifty five years it will have a significant impact on the value, and most likely wouldn't be mortgageable. The remaining lease term and ground rent will be set out in the lease provided to your property lawyer.