I am the registered owner of a freehold residence in Hayle but nevertheless pay rent, why is this and what is this?
It is rare for properties in Hayle and has limited impact for conveyancing in Hayle 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 new rentcharges post 1977.
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 extinguished.
How do I discover of the solicitor carrying out my conveyancing in Hayle is on the mortgage lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Leeds Building Society thus spending £192.00 in supplemental legal fees.
Please do make use of the search tool on this site. Pick the mortgage company and type ‘Hayle’ or your preferred area and you will be presented with a number of lawyer offices in Hayle or nearest you.
Can you help - my lawyer says that lack of planning permission insurance is necessary on my purchase. What is the level of cover for Hayle conveyancing?
The right level of lack of planning permission indemnity insurance should be dictated by who who your lender is. It would differ for example between Nationwide Building Society and Chelsea Building Society. Conveyancing lawyers as opposed to members of the public take out such insurances.
I am buying a property in Hayle. An unusual aspect is that the roof has a solar panel. Leeds Building Society have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Leeds Building Society your lawyer must check the formal requirements set out in Part two of UK Finance Lenders’ Handbook for Leeds Building Society. The Council of Mortgage Lenders’ Handbook stipulates minimum requirements for solar panel roof-space leases, and lawyers are required to report to Leeds Building Society where a lease does not comply with these provisions. The provisions relate to the installation of panels on properties in England and Wales and is not restricted to Hayle.
I recently had an offer accepted on a house in Hayle. My financial adviser suggested a property lawyer. I paid an advanced payment of £225. A couple of days later, the solicitor contacted me to say that they were not on the Aldermore 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 Aldermore 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.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in a fortnight ago in what was supposed to be a simple, chain free conveyancing. Hayle is where the house is located. Is there any guidance you can impart?
Flying freeholds in Hayle are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Hayle you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hayle may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I'm refinancing my existing house to a buy to let mortgage with Godiva Mortgages Ltd and I will use the ballance of the raised equity towards another house. The area we are talking about is Hayle. Will your conveyancers be able to act for the two lenders and tie in the conveyances?
Do use our comparison tool on this page to ensure that the solicitors are approved by both lenders. On the basis that they are your lawyer should be able to tie up the two transactions but you should talk with you conveyancer and specify your desired outcome and requirements.
My husband and I are novice buyers - agreed a price, yet the selling agent informed us that the owners will only go ahead if we use the agent's recommended lawyers as they want an ‘expedited deal’. My instinct tells me that we should use a family conveyancer accustomed to conveyancing in Hayle
We suspect that the owner is unaware of this ultimatum. If they want ‘a quick sale', alienating a motivated purchaser is is going to put the whole deal at risk. Speak to the owners direct and make sure they comprehend that (a)you are keen to buy (b)you are ready to progress, with finances arranged © you do not need to sell (d) you wish to move quickly (e)but you will continue to instruct your preferred Hayle conveyancing lawyers - not the ones that will earn their estate agent a referral fee or hit his conveyancing targets pre-set by corporate headquarters.