I am the registered owner of a freehold residence in Felpham but still charged rent, why is this and what is this?
It’s unusual for properties in Felpham and has limited impact for conveyancing in Felpham 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 creation of fresh rentcharges post 1977.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
The Felpham conveyancing solicitors that I recently instructed on my purchase in Felpham have without warning shut down. They were on acting for me because I needed a lawyer on the Coventry BS conveyancing panel and my family Felpham lawyer was not. I paid them funds on account. What are my options?
Assuming that you have an Estate Agent in the equation then let them know straight away so that they advise the vendors that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Coventry BS conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to help.
My friend advised me that where I am buying in Felpham I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually quoted for as part of the standard Felpham conveyancing searches. It is not a small document of more than thirty pages, listing and detailing significant information about Felpham around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Felpham Education with plans and statistics, Local Amenities and other useful data regarding Felpham.
I have todayfound out that Arc property Solicitors have closed. They carried out my conveyancing in Felpham for a purchase of a freehold house 18 months ago. How can I establish that the property is registered correctly in the name of the previous owner?
The quickest way to see if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Felpham conveyancing specialists.
How easy is it to transfer to a new solicitor as I need to choose a firm on the National Westminster Bank conveyancing panel. I instructed a family conveyancing solicitor in Felpham round the corner but he is not accepted by National Westminster Bank
It would be our pleasure to assist you select a conveyancing solicitor in Felpham on the National Westminster Bank panel. Please note that the law firms that we work with do not pay us commission if you instruct them and are under regulation of the Solicitors Regulation Authority who oversee all conveyancing solicitors in Felpham. In making use of search facility on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Felpham.
I need to retain a conveyancing solicitor for remortgage conveyancing in Felpham. I happened to stumble upon a site which appears to be the perfect answer If there is a chance to get all formalities completed via phone that would be ideal. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?