I purchased a freehold property in Llantrisant yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Llantrisant and has limited impact for conveyancing in Llantrisant 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 new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
My grandfather passed away six months ago and as sole heir and executor I was left the house in Llantrisant. The house had a relatively small loan remaining of approximately £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Yorkshire BS, pay off the mortgage. Is this possible?
Given you plan to re-mortgage then Yorkshire BS will require that you use a conveyancer on the Yorkshire BS conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Yorkshire BS conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Yorkshire BS mortgage is registered as a charge at the Land Registry.
Despite weeks of looking the Title Certificate and documents to my home can not be found. The solicitors who dealt with the conveyancing in Llantrisant 5 years ago have long since closed. What do I do?
As long as the title is registered the information relating to your ownership will be held by HMLR with a Title Number. It is possible to execute a search at the Land Registry, identify your property and obtain current copies of the property title for a small fee. Where the property is Leasehold then the Land Registry will in most cases hold a certified duplicate of the Registered Lease and again, a copy can be obtained for £20 inclusive of VAT.
I am buying a new build house in Llantrisant with a loan from Leeds Building Society. The sellers refused to budge the amount so I negotiated five thousand pounds worth of extras instead. The property agent advised me not inform my solicitor about this side-deal as it would impact my mortgage with the lender. Is this normal?.
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 UK Finance website. UK Finance 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.
In searching the world wide web for the words on line conveyancing in Llantrisant it brings up numerous conveyancersin the area. How do I determine which is the suitable conveyancing solicitor for me?
The ideal method of choosing the right conveyancer is via personal referral, so ask friends and relatives who have bought a property in Llantrisant or the respected estate agent or financial adviser. Charges for conveyancing in Llantrisant vary, so it's a good idea to request a minimum of four fee estimates from different conveyancers. Be sure to secure confirmation what costs in the quote includes.
Are you able to shed any light on the scope of conveyancing undertaken by Llantrisant conveyancing companies?
For the most part Llantrisant conveyancing firms can offer a wide sphere of assistance to domestic and rural land proprietors, sellers, buyers, freeholders and tenants assistingwith some of the following:
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Home sale conveyancing in Llantrisant and nationally
Residential purchase conveyancing in Llantrisant and throughout England and Wales
Buying and selling via auction Llantrisant conveyancing for Buying off mortgagees in possession in and outside of Llantrisant Residential conveyancing using Islamic Mortgages New Build Full and Part Exchange