I purchased a freehold property in Looe yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Looe and has limited impact for conveyancing in Looe 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 post 1977.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
We are buying a house in Looe. I might seem paranoid but how we can trust a lawyer? On the day of competition we will need to send our life savings into their account. What is the protection we have from them run away with our deposit?
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.
I happen to be the only recipient of my late mum's will and I have everything in my name alone, including the house in Looe. The Looe property was put into my name in August. I now wish to sell up. I understand that there is a CML six month 'rule', meaning my proprietorship will be considered the same way as though I had purchased the house in August. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be affected by that. How sensible a view mortgage companies take of it, depend on the bank as this clause is principally there to identify subsales or the quick reselling of properties.
The formalities of my purchase has taken place for my property in Looe. Conveyancing was of an acceptable standard but I would like to complain about the lender. Who do I contact should I wish to lodge a complaint?
Almost all lenders 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 resolved effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
I require quick conveyancing in Looe as I am under a deadline to exchange contracts within 2 weeks. A home loan is not required. Is it possible to avoid the conveyancing searches to save fees and time?
As you are are a mortgage free buyer you have the choice not to have searches carried out although no law firm would recommend that you don't. Drawing on our experience of conveyancing in Looe the following are examples of issues that can arise and adversely affect future saleability: Refused Planning Applications, Overdue Fees, Overdue Grants, Railway Schemes,...
The deeds to my house are lost. The solicitors who dealt with the conveyancing in Looe 5 years ago no longer exist. What are my next steps?
Nowadays there are duplicates made of almost everything, and your conveyancer will be aware exactly where to find all the appropriate documentation so you can purchase or sell your property without a hitch. Where copies are not available, your solicitor may be able to arrange cover in the form of insurance or indemnities against future claims on your premises.
I have been on the look out for a ground for flat up to £245,000 and identified one near me in Looe I like with amenity areas and station nearby, however it's only got 52 years unexpired on the lease. I can't really find anything else in Looe suitable, so just wondered if I would be making a grave error purchasing a short lease?
Should you require a mortgage the shortness of the lease will be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of 2 years you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.
My business partner and I are looking to lease a unit on the high street. Can you recommend solicitors offering competitive charges for commercial conveyancing in Looe for less than £1,200?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Looe, including the disposal and acquisition of businesses as well as simply property. If you are intending to purchase or dispose of a shop, pub, restaurant, office, retail premises or a complete business we can put you in touch with the right solicitor. Regarding the charges this will depend on the structure and heads of terms of the deal. Please provide us with your details or phone so as to enable us to furnish you with comprehensive commercial conveyancing calculation.