I purchased a freehold property in Llansamlet yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Llansamlet and has limited impact for conveyancing in Llansamlet 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 establishment of new rentcharges post 1977.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
We are buying a apartment in Llansamlet. I might seem paranoid but how we can trust a lawyer? At some point we will need to put money into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Llansamlet?
There are many registered licenced Conveyancers in Llansamlet and Solicitor practices in Llansamlet to choose from It is important to make clear that the two are supervised by regulatory bodies with both specialising in the legal work in the home buying process. They may both also conduct other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
Completion of my remortgage has taken place for my property in Llansamlet. Conveyancing was a necessary evil but I would like to complain about the lender. How does one go about formally complaining?
Most banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Team at head office. Ordinarily complaints to a lender are sorted out effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
Do commercial conveyancing searches disclose planned roadworks that may affect a commercial estate in Llansamlet?
Its becoming the norm that commercial conveyancing solicitors in Llansamlet will execute a SiteSolutions Highways report as it reduces the time that conveyancers invest in investigating accurate data on highways that impact buildings and development assets in Llansamlet. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Llansamlet.
For each commercial conveyancing transaction in Llansamlet it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately may result in delays to Llansamlet commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Llansamlet.
I am buying a new build house in Llansamlet with a mortgage from Bank of Ireland. The builders refused to reduce the amount so I negotiated £7000 of fixtures and fittings instead. The house builders rep advised me not disclose to my conveyancer about this deal as it may affect my loan with the bank. Should I keep quiet?.
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.
Due to the input of my in-laws I had a survey completed on a property in Llansamlet prior to instructing lawyers. I have been advised that there is a flying freehold element to the property. My surveyor advised that some banks may not grant a mortgage on such a property.
It varies from the lender to lender. HSBC has different requirements for example to Nationwide. Should you wish to telephone us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Llansamlet. Conveyancing will be smoother if you use a solicitor in Llansamlet especially if they are acquainted with such properties in Llansamlet.
What is different about your site and alternative online quote calculators for conveyancing in Llansamlet?
At this site get an accurate costs illustration via a Solicitor or Licensed Conveyancer that appreciates the issues for your conveyancing in Llansamlet. Unlike many estate agents and brokerage sites we do not have commission arrangements with solicitors. Some agents and online brokers 'recommend' the firm paying the highest commission, not the best value conveyancing in Llansamlet