I own a freehold house in Ringmer but still charged rent, why is this and what is this?
It is rare for properties in Ringmer and has limited impact for conveyancing in Ringmer 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 establishment of new rentcharges post 1977.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
Can you help - my lawyer says that absentee landlord insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Ringmer?
The appropriate level of absentee landlord indemnity insurance should be dictated by who who your lender is. It would differ for example between Halifax and The Royal Bank of Scotland. Conveyancing lawyers as opposed to members of the public take out such policies.
My husband and I are in the process of viewing houses in Ringmer and I am about to put in an offer. Is it sensible to have my conveyancer on ‘stand by’? I intend to finance via a mortgage with RBS.
You should start requesting conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their contact information on to the estate agent. Given that you are taking out a mortgage with RBS, ask your prospective lawyers if they are on the RBS conveyancing panel otherwise they can't do the mortgage legal work.
I am due to exchange contracts on my house. I had a double glazing fitted in November 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Leeds Building Society are being a right pain. The Ringmer solicitor who is on the Leeds Building Society conveyancing panel is saying indemnity insurance will be fine but Leeds Building Society are requiring a building regulation certificate. Why do Leeds Building Society have a conveyancing panel if they don't accept advice from them?
It is probably the case that Leeds Building Society have referred the matter to their valuer. The reason why Leeds Building Society may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Have purchased a a terraced house in Ringmer , how long should it take for the Land Registry to deal with the formalities evidencing the transfer to my name? My Ringmer conveyancing solicitor has been painfully slow, so I want to check the land registry aspects are concluded.
As far as conveyancing in Ringmer is concerned, registration is no faster or slower than anywhere else in the country. As opposed to being determined by geographic area, timescales can adjust depending on who lodges the application, whether it is in order and whether the Land registry communicate with any 3rd parties. As of today roughly 80% of submission are fully dealt with in less than three weeks but occasionally there can be longer hold-ups. Registration is effected once the buyer has moved in to the property therefore an expedited registration is not usually primary concern but if it is urgent that the the registration takes place urgently then you or your lawyers must contact the land registry and explain the circumstances.
I have been on the look out for a flat up to £235,500 and identified one close by in Ringmer I like with a park and transport links in the vicinity, however it's only got 49 years unexpired on the lease. I can't really find anything else in Ringmer in this price bracket, so just wondered if I would be making a mistake buying a short lease?
If you need a mortgage the remaining unexpired lease term will likely be problematic. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for at least twenty four months you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.
I need to instruct a conveyancing solicitor in Ringmer for my remortgage. Is there any facility to review a firm’s complaints history with the profession’s regulator?
Anyone may review documented Solicitor Regulator Association (SRA) determinations resulting from inquisitions started on or after Jan 2008. Visit Check a solicitor's record. For details Pre 2008, or to check a firm's history, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, call +44 (0)121 329 6800. The SRA sometimes recorded call for training reasons.
Estate agents have just been given the go-ahead to market my ground floor apartment in Ringmer.Conveyancing has not commenced but I have just had a yearly maintenance charge demand – Do I pay up?
It best that you clear the invoice as normal because all rents and maintenance invoices should be allottedon completion, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially