I own a freehold residence in Lees but still invoiced for rent, why is this and what is this?
It is rare for properties in Lees and has limited impact for conveyancing in Lees 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 many centuries, but the Rent Charge Act 1977 barred the generation of fresh rentcharges post 1977.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
Forgive me if this question is silly but I am new to the home buying as FTB of a garden flat in Lees. Do I receive the keys to the property on the completion date from my conveyancer? If so, I will use a local conveyancing solicitor in Lees?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will electronically transfer the completion advance to the vendor’s lawyers, and shortly after the monies have arrived, you should be invited to collect the keys from the property Agents and move into your new home. This tends to happen between 1 and 3pm.
We had chosen conveyancers located in Lees on the Co-operative solicitor panel. They are now charging me a further charge for handling the Co-operative mortgage. Is this a supplemental conveyancing fee set by Co-operative?
As unfair as it may seem, as long as it’s in their Terms of Engagement or Quote then yes your property lawyer can charge a fee for this. The fee is not dictated by Co-operative but by your Lees property lawyer. Numerous firms on the Co-operative panel will charge ’dealing with mortgage’ fee but some firms incorporate it on their overall fee.
My fiancee and I are in the process of looking at apartments in Lees and I am now considering a potential offer. Is it too early to have a solicitor in place? I intend to finance via a home loan with Barclays.
It would be prudent to start your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their details on to the estate agent. Given that you are getting a mortgage with Barclays, ask your prospective lawyers if they are on the Barclays conveyancing panel otherwise they can't do the mortgage legal work.
The deeds to our home are lost. The conveyancers who did the conveyancing in Lees 10 years ago have long since closed. Will I be able to sell the house?
Assuming you have a registered title the information relating to your ownership will be documented by the Land Registry with a Title Number. It is possible to perform a search at the Land Registry, locate your property and order up to date copies of the property title for a small fee. Where the property is Leasehold then the Land Registry will also normally hold a file duplicate of the Registered Lease and again, a copy can be ordered for £20 inclusive of VAT.
I've recently found out that there is a flying freehold element on a house I have offered on two weeks back in what was supposed to be a straight forward, chain free conveyancing. Lees is the location of the property. Is there any guidance you can give?
Flying freeholds in Lees are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Lees you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Lees 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 property.
I am looking into buying my first house which is in Lees and I am already nervous. I couldn't find anything specific about Lees. Conveyancing will be needed in due course but do you know about the Lees area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Lees. In the meantime here are some basic statistics that we found
I am contemplating instructing an online conveyancing practitioner ahead of a Lees conveyancing firm. Should I ‘stay local’?
Numerous benefits exist in being able to visit a local Lees conveyancing solicitor for example
- signing papers same day
- having face-to-face explanations of issues you don't understand
- the ability to raise concerns if things are not going as expected
When comparing estimates, look carefully for hidden extras. The majority decent Lees high street solicitors give an all-inclusive figure. Often online companies seem to offer low cost fees, but have hidden 'extras' in the in the terms and conditions.