I own a freehold residence in Hethersett yet pay rent, why is this and what is this?
It is rare for properties in Hethersett and has limited impact for conveyancing in Hethersett 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 creation of new rentcharges from 1977 onwards.
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.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Hethersett?
Two types of professional can perform conveyancing in Hethersett namely licenced conveyancers or solicitors. Both professionals administer conveyancing services that required to complete the disposal or purchase of property. Both are required to handle Hethersett conveyancing on similar standards and guidelines so you can be sure that your conveyancing will be properly administered and that the requirements and procedures will be accurately followed.
I'm the sole recipient of my late grandmother’s estate with all property in now in my sole name, including the my former home in Hethersett. Conveyancing formalities meant that the Land Registry date was in November. I want to move. I understand that there is a CML 6 month 'rule', which means that my property ownership could be treated the same way as if I'd bought the house in November. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be impacted by that. Most banks would take a pragmatic view as this requirement is chiefly there to capture subsales or the flipping of properties.
My husband and I are in the throws of viewing houses in Hethersett and I am about to put in an offer. Is it advisable to have a conveyancer on ‘stand by’? I will be getting a mortgage with Lloyds.
It would be advisable to instigate your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the EA. Given that you are obtaining a mortgage with Lloyds, ask your prospective lawyers if they are on the Lloyds conveyancing panel otherwise they can't do the mortgage legal work.
three months have gone by following my purchase conveyancing in Hethersett completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
About to purchase a new build flat in Hethersett. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Hethersett
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If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Forfeiture - bankruptcy or liquidation must not apply under this provision. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please supply a car parking plan.
Is it possible to swap conveyancer as I have to retain one who is on the Leeds Building Society conveyancing list. I had appointed a high street conveyancing solicitor in Hethersett round the corner but she is not accepted by Leeds Building Society
We will our best to assist in finding you a conveyancing solicitor in Hethersett on the Leeds Building Society panel. Please note that the solicitors that we list do not pay us fee if you instruct them and are regulated by the SRA who regulate all conveyancing solicitors in Hethersett. In making use of the find a conveyancing solicitor tool on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Hethersett.
My mum and dad cant seem to find their Hethersett property on the HMLR online search facility. They recall that back in the 60’s when they bought the bungalow there were complications with Hethersett not being identified on some systems.
The vast majority of properties in Hethersett should appear. Have you attempted a search to just the postcode. Usually it should disclose all the properties within the postcode. Where recorded it will be there with a title number. If they bought back in the 60’s it's conceivable it may be not yet registered. The property could still be revealed but with the title number identified as 'na'. In this scenario you will need to track down the original title papers which might be with your parent’s bank.