I am the registered owner of a freehold house in Llanmartin but still pay rent, why is this and what is this?
It is rare for properties in Llanmartin and has limited impact for conveyancing in Llanmartin 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 creation of new rentcharges post 1977.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
I am buying a garden flat in Llanmartin. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Llanmartin you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Llanmartin.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Llanmartin?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Llanmartin. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am buying a new build apartment in Llanmartin. 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 legal work.
Here is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Llanmartin
-
Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Please confirm the Lease plans are surveyor prepared.
In my capacity as executor for the will of my grandfather I am disposing of a house in Newport but live in Llanmartin. My solicitor (approximately 260 kilometers from merequires that I sign a stat dec prior to the transaction finalising. Could you suggest a conveyancing solicitor in Llanmartin to attest and place their company stamp on the document?
Technically speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or solicitor will be fine regardless of whether they are located in Llanmartin
Much to my surprise my conveyancing solicitor in Llanmartin has informed me that he requires ID documents saying that this is part of his retainer as a solicitor on the lender Conveyancing panel. Can this be correct?
Anti-terror and anti-money-laundering rules require Llanmartin conveyancing solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Client Care letter that you need to sign will no doubt confirm this. Your lawyer is right that the bank also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with the mortgage company's UK Finance Lenders’ Handbook requirements