I own a freehold premises in Monmouth but still invoiced for rent, why is this and what is this?
It is rare for properties in Monmouth and has limited impact for conveyancing in Monmouth 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 creation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
I am helping my aunt sell her property in Monmouth. Does the conveyancer order the energy performance certificate or it is for the owner to see to?
After the abolition of Home Packs, energy performance certificates was maintained a compulsory element of selling a house. An energy performance certificate must be to hand before the property is marketed. This is not a task that solicitors normally arrange. If you are instructing a Monmouth conveyancing lawyer they may help arrange energy performance certificates due to their relationships with reputable local accredited person
Can I be sure that the Monmouth conveyancing solicitor on the Aldermore panel is any good?
When it comes to conveyancing in Monmouth getting recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always recommend that you speak with the lawyer handling your transaction.
Planning on purchasing a apartment in Monmouth. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Virgin Money conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Monmouth property lawyer is on the Virgin Money conveyancing panel.
Are there restrictive covenants that are commonly identified during conveyancing in Monmouth?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Monmouth. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm buying my first flat in Monmouth with the aid of help to buy. The developers would not budge the price so I negotiated 6k of additionals instead. The sale representative told me not inform my solicitor about the side-deal as it could adversely affect my mortgage with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML 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.
How simple is it to switch firm as I have to choose a firm on the Yorkshire Building Society conveyancing panel. I was using a family conveyancing solicitor in Monmouth round the corner but the firm is not accepted by Yorkshire Building Society
It would be our pleasure to assist you find a conveyancing solicitor in Monmouth on the Yorkshire Building Society panel. Please note that the conveyancers that we list do not pay us fee if you instruct them and are regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Monmouth. In utilising the find a conveyancing solicitor tool on this website, you can scrutinise charges for conveyancing solicitors in Monmouth and beyond.
The lawyers carrying out our conveyancing in Monmouth has sent documents to review that indicate that the property is unregistered with epitome documents. Is it not the case that all houses in Monmouth are registered?
Although the vast majorities of properties in Monmouth are now registered with the Land Registry there are still some that remain unregistered. Any property in Monmouth that has been remortgaged since the late 1980’s will have been registered at the HMLR under the compulsory ‘first registration’ scheme. However, if a Monmouth property has not changed hands in that time then it’s likely the old fashioned title deeds will be the only evidence of ownership.Plenty of Monmouth conveyancing lawyers should be able to handle this type of conveyancing but if any uncertainty reigns the prevailing guidance these days appears to be for the seller’s conveyancer to register the title first and then deal with the dispose of the property to the purchaser - this this chain of events will result in a significant delay.