I own a freehold premises in Oakley but still invoiced for rent, why is this and what is this?
It’s unusual for properties in Oakley and has limited impact for conveyancing in Oakley 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 generation of fresh rentcharges post 1977.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
We're in Oakley, First timers purchasing with a mortgage (lender is Leeds Building Society , and our lawyer is on the Leeds Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Leeds Building Society conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
My wife and I are purchasing a house in Oakley. It might be a silly question but how we can trust a solicitor? At some point we will need to send our life savings into their account. What protection do we have from them run away with our monies?
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.
My bid for a property was accepted at auction in Oakley. Conveyancing is necessary. What is next?
Now that you are for in every practical sense signed on the dotted line you should hire the services of a conveyancing lawyer soon as you now have a fast approaching deadline in which to complete the property. An auction property will ordinarily have an associated auction pack. This should include evidence of title and search results. In the case of leasehold property the auction papers should provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork specific to a leasehold property. You must give this to your appointed conveyancing solicitor at the earliest opportunity. You also need to ensure that that you have the requisite funding organised to complete the transaction on the set completion date.
We have agreed to purchase a house in Oakley. A rare aspect is that the roof has a solar panel. Santander have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As your lender is Santander your lawyer must check the formal requirements set out in Section two of UK Finance Lenders’ Handbook for Santander. The CML Handbook sets out minimum conditions for solar panel roof-space leases, and conveyancers are required to report to Santander where a lease does not satisfy these conditions. The specifications relate to the installation of panels on properties nationwide and is not limited to Oakley.
I am selling our house in Oakley and according to the buyers it appears that there is a risk of it being built on contaminated land. Any local conveyancer would know that there is no such problem. It does beg the question why the buyers are using a factory type conveyancing practice rather than a conveyancing solicitor in Oakley. We have lived in Oakley for 4 years we know that this is a non issue. Do we contact our local Authority to seek confirmation need.
It would appear that you have a conveyancing firm currently acting for you. Are they able to advise? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
I have todaybeen informed that Arc property Solicitors have closed. They carried out my conveyancing in Oakley for a purchase of a leasehold apartment 12 months ago. How can I be sure that the property is registered correctly in the name of the former proprietor?
The easiest way to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Oakley conveyancing specialists.
My husband and I are new to the buying process - had an offer accepted, yet the selling agent told us that the vendor will only go ahead if we use their preferred lawyers as they want an ‘expedited deal’. We would rather use a local solicitor who is accustomed to conveyancing in Oakley
We suspect that the owner is unaware of this demand. If they want ‘a quick sale', alienating a serious purchaser is not the way to achieve this. Speak to the vendors direct and make the point that (a)you are genuine buyers (b)you are excited to move forward, with finances arranged © you have nothing to sell (d) you intend to proceed fast (e)however you are going to appoint your own,trusted Oakley conveyancing firm - not the ones that will provide the estate agent a introducer fee or achieve conveyancing figures demanded by senior management.