I am the registered owner of a freehold house in Marple but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Marple and has limited impact for conveyancing in Marple 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 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 dispensed with completely.
Are all Marple Conveyancing Quality Solicitors on the Lloyds conveyancing panel?
Some major lenders now make use of CQS as the kick off point for Panel approval such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitor practices wishing to join their panels.
The formalities of my remortgage has taken place for my property in Marple. Conveyancing was a necessary evil 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 Department at head office. We understand that 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 with full details of your complaint.
I was told three weeks ago that my mortgage has been agreed to by UBS. Is it usual for UBS to only issue the offer once my solicitor in Marple is approved on their conveyancing panel? UBS have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for UBS to deal with your lawyer's application to be on the UBS conveyancing panel. There's no guarantee that your solicitor will be accepted.
I have been told that property searches are the main reason for delay in Marple house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not feature within the most frequent causes of delays in the conveyancing process. Local searches are not likely to be the root cause of slowing down conveyancing in Marple.
I have been on the look out for a flat up to £235,500 and found one close by in Marple I like with a park and transport links in the vicinity, the downside is that it's only got 61 remaining years left on the lease. I can't really find anything else in Marple in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term will be a potential deal breaker. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of 2 years you could ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this.
I am looking into buying my first house which is in Marple and I am already nervous. I couldn't find anything specific about Marple. Conveyancing will be needed in due course but do you know about the Marple area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Marple. In the meantime here are some basic statistics that we found
I am a fortnight into a leasehold purchase having been directed to a firm by the estate agent to perform conveyancing in Marple. I am am extremely dissatisfied with the level of service. Could you you assist me in finding new solicitors?
They would need to be very poor to suggest changing them. Has the mortgage offer been generated? In the event that it has you will need to advise them of the new lawyer and have the mortgage documents are issued to the new lawyers. The solicitor ideally needs to be on the banks panel to avoid escalating fees and frustration. So that should be your first question of the new lawyers. Our find a solicitor tool should assist you in finding a bank approved lawyer for your home move in Marple