I purchased a freehold residence in Hackbridge but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Hackbridge and has limited impact for conveyancing in Hackbridge 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 many centuries, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
I'm the single recipient of my late father’s estate with all property in now in my sole name, including the my former home in Hackbridge. Conveyancing formalities meant that the Land Registry date was in September. I now wish to sell up. I understand that there is a CML six month 'rule', meaning my property ownership will be considered the same way as though I had purchased the house in September. Is the property unsalable for six months?
The CML handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be impacted by that. How sensible a view banks take of it, depend on the lender as this provision principally exists to pick up on the purchase and immediately sell or the wholesaling and assigning of property.
We previously chose conveyancing lawyers based in Hackbridge on the Yorkshire BS solicitor approved list. They have just billed me a supplemental fee for dealing with the Yorkshire BS mortgage. Is this an additional conveyancing fee specified by Yorkshire BS?
Provided it is contained in their Terms and Conditions or Quote then yes your lawyer is entitled to charge a fee for this. This fee is not set by Yorkshire BS but by your Hackbridge lawyer. Plenty of firms on the Yorkshire BS panel will levy ’dealing with mortgage’ fee and others do not.
I have today made my last payment due on my mortgage with Coventry BS. I assume I don't need a Hackbridge conveyancer on the Coventry BS panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Coventry BS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Coventry BS mortgage from the register. Coventry BS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Coventry BS has sent the Land Registry the discharge electronically, and
- Coventry BS has instructed the Land Registry to do so
My wife and I are close to exchanging contracts on the sale of our house in Hackbridge and the buyers lawyers are claiming that there is a risk of it being built on contaminated land. A high street Hackbridge conveyancer would know that there is no such problem. For the life of me I don't know why the buyers instructed a web based conveyancing firm as opposed to a conveyancing solicitor in Hackbridge. Having lived in Hackbridge for six years we know of no issue. Is it a good idea to contact our local Authority to seek confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing firm already. Are they able to advise? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
I have recentlyfound out that Arc property Solicitors have been shut down. They carried out my conveyancing in Hackbridge for a purchase of a leasehold flat 12 months ago. How can I be sure that my home is registered correctly in the name of the previous owner?
The easiest way to check if the premises is registered to you, 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 Hackbridge conveyancing specialists.
What does commercial conveyancing in Hackbridge cover?
Hackbridge conveyancing for business premises incorporates a wide range of guidance, given by regulated solicitors, relating to business premises. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
Been searching for a property lawyer for freehold sale conveyancing in Hackbridge. I'm selling, simple no mortgage to pay off, no hurry, currently empty. Had an estimate from a lawyer for nine hundred pounds including VAT which is a tad steep considering its so straightforward. Can I pay less for conveyancing in Hackbridge?
Considering it’s a sale only, £450 + VAT would be about the lowest for a Hackbridge solicitor firm.