I own a freehold house in Levenshulme but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Levenshulme and has limited impact for conveyancing in Levenshulme 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 generation of fresh rentcharges post 1977.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
My bid for a property was accepted at auction in Levenshulme. Conveyancing is required. What happens now?
Having exchanged you will need to instruct a conveyancing solicitor as a matter of urgency as you now have a fast approaching a drop dead date to complete the deal. An auction property should have a corresponding auction set of papers. This should include evidence of title and search results. In the case of leasehold property the legal papers may contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork relating to a leasehold property. You should give this to your appointed conveyancing solicitor ASAP. You also need to ensure that your finances are in order to complete the transaction on the set completion date.
Can you point me to a directory of Coventry BS panel solicitors in Levenshulme on the Building Society Association’s Website?
No. There is no such tool on the CML or Building Society Association sites. A small selection of mortgage companies make their panel listings viewable on the web. If you are looking for a Levenshulme property lawyer on the Coventry BS please use our tool.
is it true that all Levenshulme conveyancing solicitors on the UBS conveyancing panel are governed by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the UBS conveyancing panel they would need to be governed by the SRA. The majority of banks do list licenced conveyancers on their panel and in such a situation the practice would be overseen by the CLC.
I have been on the look out for a flat up to £235,500 and found one near me in Levenshulme I like with amenity areas and transport links in the vicinity, however it only has 49 years on the lease. I can't really find anything else in Levenshulme suitable, so just wondered if I would be making a grave error acquiring a short lease?
If you need a mortgage the remaining unexpired lease term will likely be problematic. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least twenty four months you can request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.
I am downsizing from my house. My former solicitors have shut. I would be grateful for any recommendation of a conveyancing firm. Im based in Levenshulme if that affects matters.
Do use our search tool to help you find a solicitor for your conveyancing in Levenshulme. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.
I am looking for a conveyancing lawyer in Levenshulme for my remortgage. Can I see a firm’s record with the legal regulator?
One may see documented Solicitor Regulator Association (SRA) determinations resulting from inquisitions from 2008 onwards. Go to Check a solicitor's record. To find information about the period before 1 January 2008, or to check a solicitors history, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, call +44 (0)121 329 6800. The regulator sometimes monitor call for training reasons.
My wife and I are acquiring a ground floor flat in Levenshulme. When we first instructed conveyancing practitioner, they told us that they were on all mainstream bank panels. The financial adviser contacted us just now to say that they are not on the Principality approved list. Were it to be true, what should we do? Should we simply pick a different conveyancing practitioner that is on their approved list or should we cover the costs for separate representation, with Principality appointing their own preferred conveyancing practitioner.
When acquiring a property with mortgage finance it is normal for the purchaser’s solicitors to also act for the purchaser's lender. In order to act for a bank or building society a conveyancer has to be on that lender's conveyancing panel. An application has to be made by the lawyer to the lender to become a member of the lender's panel and there are increasingly strict criteria which the lawyer has to fulfill. Some mortgage companies now insist their panel firms to be part of the Law Society’s Conveyancing Quality Scheme. Your conveyancing practitioner should contact Principality to find out if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You don't have to instruct a firm on Principality's conveyancing panel and you may continue to use your own Levenshulme solicitors, in which case it will likely add costs, and it will likely delay the transaction as you have another set of people involved.