I purchased a freehold residence in Pentre but nevertheless charged rent, why is this and what is this?
It is rare for properties in Pentre and has limited impact for conveyancing in Pentre 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 creation of fresh rentcharges post 1977.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
Intending to buy a flat in Pentre. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Kent Reliance 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 Pentre conveyancer is on the Kent Reliance conveyancing panel.
After shopping around on the internet I have found a Pentre property lawyer having checked that they are on the Yorkshire BS conveyancing panel. Does my lawyer arrange the survey of the property?
Yorkshire BS will need an independent valuation of the property. Your lawyer will not arrange this. Usually Yorkshire BS will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your property lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Pentre postcode. As you are getting a mortgage with Yorkshire BS, you could contact them to see if they have a list of approved surveyors in Pentre.
Leeds Building Society have agreed my home loan in principle, my bid on a property in Pentre has been agreed to, what happens next?
The property agent will wish to know who your solicitors are (ensure that the conveyancers are on the lender’s panel). Telephone Leeds Building Society or the financial adviser and finalise any relevant documentation. Leeds Building Society will instruct a valuer who will get in touch with the selling agent or seller to arrange a time for the valuation to occur. Once conducted (assuming no problems) it takes approximately a week to receive the mortgage offer. Leeds Building Society will send the offer to you and your conveyancers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Pentre.
I have recentlybecome aware that Arc property Solicitors have closed. They conducted my conveyancing in Pentre for a purchase of a leasehold flat 9 months ago. How can I establish that the property is in my name in the name of the former proprietor?
The easiest way to see if the premises is registered to you, you can carry out 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 Pentre conveyancing specialists.
I've recently found out that there is a flying freehold issue on a property I put an offer in a fortnight ago in what was supposed to be a straight forward, chain free conveyancing. Pentre is where the house is located. Can you shed any light on this issue?
Flying freeholds in Pentre are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Pentre you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Pentre may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I'm remortgaging my existing property to a BTL loan with The Royal Bank of Scotland and I will use the ballance of the raised equity as a down payment on a second property. The area we are interested in is Pentre. Will your lawyers be able to act for the two banks and link together the conveyances?
Make use of our comparison tool on this page to ensure that the solicitors are approved by both mortgage companies. On the basis that they are the lawyer should be able to connect the two conveyancing matters but you should have a chat with you conveyancer and make apparent your expectations and requirements.
I am using a search engine for the phrase conveyancing in Pentre it shows results of numerous property lawyersin the area. How do I determine which is the suitable conveyancer for the sale of my house?
The ideal way of seeking a suitable conveyancer is via personal testimonial, so enquire of colleagues and those you trust who have bought a property in Pentre or the local estate agent or mortgage broker. Costs for conveyancing in Pentre differ, so it's sensible to request at least three fee calculations from different conveyancers. Dont forget to clarify that the costs are assured not to rise.