I purchased a freehold premises in Kineton yet charged rent, why is this and what is this?
It is rare for properties in Kineton and has limited impact for conveyancing in Kineton 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 establishment of fresh 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 after 2037 is to be dispensed with completely.
Is there a search tool that I can use to check that the solicitor conducting my conveyancing in Kineton is on the bank’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Leeds Building Society thus paying £192.00 in supplemental legal bill.
You should take advantage of the search tool on this web page. Please choose the mortgage company and type ‘Kineton’ or your location and you will be presented with a number of lawyer based in Kineton or nearest you.
I require expedited conveyancing in Kineton as I have a deadline to exchange contracts within 3 weeks. A mortgage is not required. Is it possible to avoid the conveyancing searches to save fees and time?
If.Given you are are a mortgage free purchaser you are at free not to have searches conducted although no law firm would advise that you don't. Drawing on years of experience of conveyancing in Kineton the following are instances of issues that can crop up and therefore affect the marketability of the property: Refused Planning Applications, Outstanding Fees, Overdue Grants, Road Schemes,...
I've recently found out that there is a flying freehold element on a house I have offered on a fortnight ago in what was supposed to be a straight forward, chain free conveyancing. Kineton is where the house is located. Is there any guidance you can impart?
Flying freeholds in Kineton are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Kineton you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Kineton may decide 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 residence.
My father-in-law has recommend that I use his lawyers for conveyancing in Kineton. Should I use them?
Much as we are happy to recommend a Kineton conveyancing lawyer it’s preferable to select a conveyancing practitioner is to have feedback from friends or family who have previously instructed the solicitor you're contemplating using.
My husband and I plan to acquire our 1st home in Kineton. Conveyancing lawyer already chosen. The mortgage adviser advised that a survey is not needed as the property was only built in 2001.
At the very least you should order a Home Buyer's Report. Given the property is more than ten years old the property will not benefit from a warranty, so you would be well advised not to take a risk. For a property that age with no signs of defects a Home Buyer's report could suffice. They will highlight any obvious problems and suggest further investigation if appropriate. Where there are any signs of material issues obtain a comprehensive Building Survey from the beginning.