I am the registered owner of a freehold premises in Melton Mowbray but still pay rent, why is this and what is this?
It’s unusual for properties in Melton Mowbray and has limited impact for conveyancing in Melton Mowbray 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 have existed for 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 one off payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
The Melton Mowbray conveyancing lawyers that just started acting on my purchase in Melton Mowbray have suddenly closed. They were on acting for me because I needed a solicitor on the RBS conveyancing panel and my preferred Melton Mowbray lawyer was not. I issued them a cheque for two hundred pounds in advance. What are my options?
Assuming that you have an Estate Agent in the equation then let them know straight away so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the RBS conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to help.
I have decided to exercise my right to buy my property in Melton Mowbray off the council. I have a mortgage agreed with Lloyds. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Lloyds, you will need to appoint a solicitor on the Lloyds conveyancing panel.
I currently have a mortgage with Clydesdale for my property in Melton Mowbray. Conveyancing was finalised 12 months ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Clydesdale?
You must advise Clydesdale before renting your property as this is likely to be a breach of Clydesdale’s mortgage conditions. It may be that Clydesdale will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Clydesdale directly. You need not do this via a Clydesdale conveyancing panel solicitor.
The formalities of my purchase has taken place for my property in Melton Mowbray. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
Almost all lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Department at head office. We understand that 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.
What can a local search reveal concerning the house my wife and I buying in Melton Mowbray?
Melton Mowbray conveyancing often starts with the ordering local authority searches directly from your local Authority or through a personal search organisations for example Onsearch The local search plays an important part in most Melton Mowbray conveyancing purchase; that is if you don’t want any unpleasant surprises after you move into your property. The search should supply data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject areas.
I moved into my apartment on 5 February and the transaction details are still not on the land registry website. Need I be worried? My conveyancing solicitor in Melton Mowbray expressed confidence that it should be dealt with in less than a month. Are transfers in Melton Mowbray particularly slow to register?
There is nothing unique about conveyancing in Melton Mowbray registration formalities. As opposed to being determined by geographic area, timescales can differ subject to who lodges the application, whether there are errors and whether the Land registry must send notices to any third persons or bodies. As of today roughly 80% of submission are completed in less than three weeks but some can be subject to extensive delays. Registration takes place once the purchaser is living at the premises thus an expedited registration is not usually primary concern yet if it is urgent that the the registration takes place urgently then you or your lawyers must contact the land registry and explain the circumstances.
I decided to have a survey done on a property in Melton Mowbray ahead of appointing conveyancers. I have been advised that there is a flying freehold overhang to the house. My surveyor has said that some lenders will not issue a loan on a flying freehold property.
It varies from the lender to lender. Santander has different instructions for example to Nationwide. Should you wish to telephone us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Melton Mowbray. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Melton Mowbray to see if the conveyancing will be more expensive.