I own a freehold residence in Long Buckby yet invoiced for rent, why is this and what is this?
It is rare for properties in Long Buckby and has limited impact for conveyancing in Long Buckby 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 hundreds of years, but the Rent Charge Act 1977 barred the establishment of new 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.
Do I have to visit the offices of the solicitor to execute the mortgage deed? If so, I will instruct a firm who offer conveyancing in Long Buckby so that I can pop in to their offices when needed.
These days approved lawyers for banks undertake all of the work via Royal Mail, internet or over the phone. This enables them to carry out the conveyancing transaction no matter where you live in England or Wales. Nevertheless you should see if you have the option of visiting the offices of your conveyancing lawyer if needed.
We had selected conveyancers locally in Long Buckby on the Coventry BS solicitor approved list. They are now charging me an additional amount for dealing with the Coventry BS mortgage. Is this an additional conveyancing fee specified by Coventry BS?
As unfair as it may appear, as long as it’s in their Terms and Conditions or estimate then yes your property lawyer can levy a fee for this. This charge is not set by Coventry BS but by your Long Buckby solicitor. Plenty of firms on the Coventry BS panel will levy ’dealing with mortgage’ fee and others do not.
The formalities of my remortgage has taken place for my property in Long Buckby. Conveyancing was satisfactory but I would like to complain about the lender. How do I make a complaint?
Most banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Team at head office. Ordinarily complaints to a lender are sorted out very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
I recently had an offer agreed on a house in Long Buckby. My mortgage broker suggested a conveyancing practitioner. I paid an on account payment of £150. Shortly after, the property lawyer contacted me sheepishly admitting that they were not on the Santander conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Santander panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
How does conveyancing in Long Buckby differ for new build properties?
Most buyers of new build or newly converted property in Long Buckby contact us having been asked by the developer to exchange contracts and commit to the purchase even before the property is completed. This is because new home sellers in Long Buckby usually purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Long Buckby or who has acted in the same development.
I'm remortgaging my existing home to a buy to let mortgage with Barclays and I will use the ballance of the raised equity as a deposit on further house. The neighborhood we are looking at is Long Buckby. Will your solicitors be able to act for the two banks and link together the conveyances?
Do use our comparison tool on this page to ensure that the solicitors are approved by both lenders. On the basis that they are your conveyancer will be able to connect the two conveyancing matters but you should have a chat with you conveyancer and specify your desired outcome and needs.
I need to instruct a conveyancing practitioner in Long Buckby for my home move. Is there any facility to check a solicitor's record with the legal regulator?
Anyone may read published Solicitor Regulator Association (SRA) decisions resulting from investigations started on or after Jan 2008. Go to Check a solicitor's record. To find information about the period before 1 January 2008, or to check a firm's 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, use +44 (0)121 329 6800. The SRA may recorded telephone calls for training requirements.