My previous conveyancer has sent a quote for £995 for no sale no fee conveyancing in Rendlesham. I am hoping to downsize from a Victorian detached home for £275,000. Are the quoted fees excessive? Is it in excess of the average fee for conveyancing in Rendlesham?
The charges are a little high. If you are happy to spend time comparing costs you could get the conveyancing a bit cheaper by say £100 plus VAT. On the other hand, you couldlive to regret choosing an an unknown conveyancer. Don't forget to ensure that the firm can represent your lender. You can utilise our comparison tool to choose a Rendlesham conveyancing firm on the banks member panel which can often include conveyancing solicitors in Rendlesham.
My partner and I intend to remortgage our apartment in Rendlesham with UBS. We have a son approaching twenty who lives with us. Our solicitor has asked us to disclose anyone over the age of 17 other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the flat is forfeited by the lender. I have a couple of questions (1) Is this form unique to the UBS conveyancing panel as he never had to sign this form when we remortgaged 4 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to UBS. This is solely used to protect UBS if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of UBS had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
I own a freehold house in Rendlesham but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Rendlesham and has limited impact for conveyancing in Rendlesham 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.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
My lawyer in Rendlesham has never been on on the Nottingham Building Society Solicitor Panel. Can I still retain my prefered solicitor even though they are not on the Nottingham Building Society list of approved lawyers?
Your options are as follows:
- Carry on with your preferred Rendlesham lawyers but Nottingham Building Society will need to use a conveyancer on their list of acceptable firms. This will result in additional total legal charges and result in delays.
- Get a new practitioner to to deal with the purchase, not forgetting to check they are on the Nottingham Building Society panel
Various online forums that I have visited warn that are the primary reason for hinderance in Rendlesham conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) published findings of a review by MoveWithUs that conveyancing searches do not figure within the top 10 causes of delays in the conveyancing process. Searches are unlikely to feature in any holding up conveyancing in Rendlesham.
A licensed conveyancer handled my conveyancing in Rendlesham four years past having stored my registration documents but has since been shut down – What steps do I now take to get hold of these?
Title deeds, as such, no longer exist as most homes in Rendlesham are registered electronically at Land Registry. Where you need to show evidence of proprietorship or are disposing of or re-mortgaging your lawyer should obtain up to date copies of the register from the Land Registry in any case.
If you feel there may be other documents or you have any other queries please e-mail your request with details of the transaction and documents you need to filerequest@clc-uk.org. The CLC will let you know what information they have and any additional information they may need before they are in a position to identify and send the documents to you. Following an intervention it may take some time for the CLC to access archived files and documents, but your request will be actioned with reasonable haste.