I am the registered owner of a freehold premises in Penshaw but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Penshaw and has limited impact for conveyancing in Penshaw 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 from 1977 onwards.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
Can you point me to a directory of Nationwide panel conveyancers in Penshaw on the Council of Mortgage Lender’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. A small selection of mortgage companies make their panel listings available on the web. Where you are looking for a Penshaw solicitor on the Nationwide please use our tool.
How can we tell if a Penshaw conveyancing solicitor on the RBS panel is any good?
When it comes to conveyancing in Penshaw 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 advocate that you speak with the solicitor handling your transaction.
I have today made my last payment due on my mortgage with Aldermore. I assume I don't need a Penshaw solicitor on the Aldermore panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Aldermore mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Aldermore mortgage from the register. Aldermore, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Aldermore has sent the Land Registry the discharge electronically, and
- Aldermore has instructed the Land Registry to do so
I require quick conveyancing in Penshaw as I am under pressure to exchange contracts inside one month. Luckily I do not require a mortgage. Can I avoid the conveyancing searches to save fees and time?
As you are not taking a mortgage you have the choice not to have searches conducted although no conveyancer would advise that you don't. With lots of history conveyancing in Penshaw the following are examples of what can appear and therefore impact future mortgageability: Refused Planning Applications, Overdue Charges, Overdue Grants, Unadopted Roads,...
Are there restrictive covenants that are commonly picked up during conveyancing in Penshaw?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Penshaw. 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…’
How straightforward is it to use the search app to choose a conveyancing lawyer in Penshaw on the authorised to act for my lender?
1st pick a bank such as Accord Mortgages Ltd, Leeds Building Society or Alliance & Leicester then specify your preferred area such as Penshaw. Conveyancing organisations in Penshaw and beyond should be listed.
My brother-in-law has suggested I instruct a conveyancing solicitor in Penshaw. I I would like to check if they are listed on the bank's approved list of lawyers. Could you help?
One option is to phone your solicitor to enquire if they are on the bank's approved list. Alternatively please call us and we can make some checks for you. If they are not on the bank panel we we can help find a specialist conveyancing solicitor in Penshaw on the panel for your mortgage company.