I purchased a freehold property in Rhuddlan but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Rhuddlan and has limited impact for conveyancing in Rhuddlan 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 establishment 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 after 2037 is to be dispensed with completely.
What is the difference between a licensed conveyancer and conveyancing solicitor in Rhuddlan
There are many registered licenced Conveyancers in Rhuddlan and Solicitor partnerships in Rhuddlan who can assist with your conveyancing It is important to make clear that both are regulated professionals specialising in the legal work in transferring property. Both can deal with associated property related work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
How can we tell if a Rhuddlan conveyancing solicitor on the TSB panel is any good?
When it comes to conveyancing in Rhuddlan 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 which is cheap as chips. We would always advise that you speak with the lawyer conducting your transaction.
Co-operative have agreed my home loan in principle, my offer on a property in Rhuddlan has been accepted, now what?
Your property agent will need to be advised as to your lawyer's details (be sure the conveyancers are on the bank’s approved list). Telephone Co-operative or your broker and finalise any relevant documentation. Co-operative will instruct a valuer who will get in contact with the selling agent or vendor to arrange a time for the valuation to happen. Once conducted (assuming no problems) it takes on average ten days for the mortgage offer to be issued. Co-operative will send the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Rhuddlan.
My relative advised me that if I am buying in Rhuddlan I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally quoted for as part of the standard Rhuddlan conveyancing searches. It is a large document of about 40 pages, listing and detailing important information about Rhuddlan around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Rhuddlan Education with plans and statistics, Local Amenities and other useful information concerning Rhuddlan.
My wife and I have a terraced Victorian property in Rhuddlan. Conveyancing lawyer acted for me and Nottingham Building Society. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, the second leasehold under the matching address. I'd like to know for sure, how can I find out??
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Rhuddlan and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with your conveyancing practitioner who conducted the purchase.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Rhuddlan. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Rhuddlan
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. There must be mutual enforceability of lessee’s covenants. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Please confirm the Lease plans are architect prepared. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
Are all Rhuddlan property lawyers on every lender conveyancing panel?
The Lexsure search tool on this page may be of use or you can drop into your local lender branch in Rhuddlan. the probability is that they will be in a position to suggest some approved conveyancing solicitors in Rhuddlan