I am the registered owner of a freehold premises in Reading yet charged rent, why is this and what is this?
It’s unusual for properties in Reading and has limited impact for conveyancing in Reading 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 fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
We're in Reading, FTBs buying with a mortgage (lender is Aldermore , and our lawyer is on the Aldermore conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Aldermore 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.
Should commercial conveyancing searches disclose planned roadworks that may affect a commercial site in Reading?
Its becoming the norm that commercial conveyancing solicitors in Reading will carry out a SiteSolutions Highways report as it reduces the time that conveyancers invest in looking into accurate data on highways that impact buildings and development assets in Reading. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Reading.
For every commercial conveyancing transaction in Reading it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately may result in delays to Reading commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not ordered for domestic conveyancing in Reading.
Despite weeks of looking the Title Certificate and documents to our house are lost. The lawyers who conducted the conveyancing in Reading 10 years ago are no longer around. What are my options?
Nowadays there are copies made of almost everything, and your lawyer will be aware precisely where to look for all the relevant paperwork so you can buy or sell your house without a hitch. Where copies are not available, your conveyancer may be able to arrange cover in the form of insurance or indemnities against possible claims on the premises.
I opted to have a survey completed on a house in Reading ahead of instructing solicitors. I have been informed that there is a flying freehold overhang to the property. My surveyor has said that some banks will refuse to grant a mortgage on such a home.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Halifax. If you contact us we can investigate further with 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 Reading. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Reading to see if the conveyancing will be more expensive.
I need to instruct a conveyancing lawyer in Reading for my purchase. Is there any facility to review a solicitor's record with the profession’s regulator?
You can find documented Solicitor Regulator Association (SRA) decisions resulting from inquisitions from 2008 onwards. Go to Check a solicitor's record. To find records about the period before 1 January 2008, or to check a solicitors record, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, dial +44 (0)121 329 6800. The SRA sometimes recorded telephone calls for training requirements.