I purchased a freehold residence in Holsworthy but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Holsworthy and has limited impact for conveyancing in Holsworthy 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 establishment of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
I am planning to move home in March. Does my conveyancing solicitor liaise with the removal company on the completion day. On a separate note, can you recommend a removal company in Holsworthy. Conveyancing firm was organised before I stumbled across your page.
On the day of completion you can collect the keys from your estate agent but this should only occur after the previous owners solicitors confirm to the agent that they acknowledge receipt of the completion payment and the keys can be passed over. You should inform the removal company that you are ready to move in. We do not suggest a specific removal organisation but can assist you in locating a residential property solicitor in Holsworthy or a solicitor with expertise in conveyancing in Holsworthy.
I happen to be the only beneficiary of my late grandmother’s estate with all property in now in my sole name, including the my former home in Holsworthy. Conveyancing formalities meant that the Land Registry date was in December. I want to move. I do know about the Mortgage Lenders 6 month 'rule', which means that my proprietorship may be regarded the same way as if I'd bought the house in December. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be impacted by that. How practical a view banks take of it, depend on the bank as this provision is chiefly there to pick up on the purchase and immediately sell or the flipping of property.
I can not fathom if my lender requires a lease extension. I have called my Holsworthy bank branch on various occasions and was told they are content with the situation and they would lend. My Holsworthy conveyancing solicitor - who is on the bank conveyancing panel- telephoned and was told they refuse to lend in accordance with their specific requirements. I simply don't know who is right.
Provided that the property lawyer is on the bank approved list, she or he must comply with the CML Handbook requirements for the lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
Despite weeks of looking the Title Certificate and documents to my property are lost. The solicitors who dealt with the conveyancing in Holsworthy 10 years ago no longer exist. Will I be able to sell the house?
As long as the title is registered the information relating to your ownership will be retained by HMLR with a Title Number. It is easy to perform a search at the Land Registry, locate your property and obtain up to date copies of the Registered Entries for less than a fiver. If the property is Leasehold then the Land Registry will usually hold a certified copy of the Registered Lease and again, a copy can be obtained for £20 inclusive of VAT.
I'm purchasing my first flat in Holsworthy with the aid of help to buy. The sellers refused to budge the amount so I negotiated five thousand pounds worth of extras instead. The sale representative suggested that I not reveal to my conveyancer about the side-deal as it may impact my mortgage with Virgin Money. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
We are a fortnight into a leasehold purchase having been referred to a firm by the selling agent to handle our conveyancing in Holsworthy. I am am extremely frustrated with the level of service. Could you help me find new solicitors?
They would need to be really bad in order to consider replacing them. Has the loan offer been generated? If so you need to make them aware of the new solicitor and get the loan are re-sent. Your new solicitor ideally should be on the mortgage company approved list to avoid supplemental fees and frustration. That should be your starting point. The find a solicitor tool can assist you in finding a bank approved conveyancer for your home move in Holsworthy
What is the reason for my conveyancing practitioner requiring various items of identification before I can proceed with my conveyancing in Holsworthy?
Holsworthy conveyancers are duty bound by the Law Society, SRA, the Land Registry and current Money Laundering Regulations to certify that the have verified the identity of their clients. It will also be a requirement of your lender where you are taking a mortgage. Furthermore they have to complete various forms, particularly those relating to stamp duty land tax and need to have details such as your full names, national insurance number and date of birth.