I purchased a freehold house in Redfield yet invoiced for rent, why is this and what is this?
It is rare for properties in Redfield and has limited impact for conveyancing in Redfield 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 hundreds of years, but the Rent Charge Act 1977 barred the creation of fresh rentcharges post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
Is there a search tool that I can use to discover of the solicitor carrying out my conveyancing in Redfield is on the lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Norwich and Peterborough Building Society thus spending £192.00 in another set of conveyancing fees.
You should take advantage of the search tool on this site. Pick the mortgage company and type ‘Redfield’ or your preferred area and you will discover numerous conveyancers offices in Redfield or nearest you.
I am assisting my mother sell her flat in Redfield. Will the conveyancer arrange an EPC or it is for the owner to coordinate?
After the abolition of HIPs, energy performance certificates remained a required part of moving house. An EPC needs to be commissioned before the property is marketed. This is not a task that lawyers ordinarily arrange. If you are using a Redfield conveyancing practitioner they might help arrange EPC’s due to their relationships with reputable local providers
When it comes to lenders such as UBS, do Redfield conveyancing practitioners face an annual charge to be on the list of approved solicitors?
We are not aware of any mortgage company fees to be on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
UBS have agreed my home loan in principle, my bid on a apartment in Redfield has been accepted, what happens next?
The estate agent will need to know who your solicitors are (make sure the lawyers are on the lender’s panel). Call up UBS or the broker and complete any outstanding documentation. UBS will sellect a valuer who will get in contact with the selling agent or seller to arrange a slot for the valuation to take place. Once carried out (assuming no problems) it takes on average a week for the mortgage offer to be issued. UBS will send the offer to you and your solicitors. The legal work will then take it’s course according the nature and complexity of the conveyancing in Redfield.
I decided to have a survey carried out on a property in Redfield in advance of retaining solicitors. I have been informed that there is a flying freehold aspect to the house. Our surveyor advised that some lenders tend refuse to grant a mortgage on such a premises.
It varies from the lender to lender. Bank of Scotland has different requirements from Halifax. Should you wish to telephone us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Redfield. Conveyancing will be smoother if you use a solicitor in Redfield especially if they regularly deal with such properties in Redfield.
Am I right to be concerned by brokers that I am dealing with are recommending an internet conveyancing firm rather than a High Street Redfield conveyancing practice?
As with many professional services, often referrals from family and friends can be worth their weight in gold. Nevertheless there are many people with a keen interest in a conveyancing deal; estate agents, financial adviser and lenders may suggest solicitors to use. On occasion these solicitors might be known to one of the organisations as experts in their field, but occasionally there may be a financial incentive behind the endorsement. You are free to choose your own lawyer. However, bear in mind that some mortgage providers have an approved list of conveyancers you have to use for the mortgage related work in your transaction.
What are the specific advantages to selecting a high street property lawyer in Redfield
Home movers in Redfield select a local property lawyer so that they can attend the lawyer’s offices if they have questions, and to collect paperwork rather than run the risk of depending on the Royal Mail.
Some would argue that there exists a slight benefit in using a lawyer local to the house you are purchasing, due to the familiarity of the area and possible local concerns - yet this is debatable. The majority of conveyancers carry out their communications by way of email and could be anywhere in the world.