I purchased a freehold property in Rothwell but still pay rent, why is this and what is this?
It’s unusual for properties in Rothwell and has limited impact for conveyancing in Rothwell 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 creation of fresh rentcharges post 1977.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
Forgive me if this question is silly but I am unseasoned as FTB of a two bedroom flat in Rothwell. Do I collect the keys to the premises on the completion date from my conveyancer? If so, I will instruct a local conveyancing solicitor in Rothwell?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will arrange to send the completion advance to the seller's conveyancers, and shortly after the monies have arrived, you should be invited to receive the keys from the Estate Agents and start moving into the property. This tends to happen between 1 and 3pm.
I have been told by my solicitor that lack of planning permission insurance is needed on my purchase. What is the level of cover for Rothwell conveyancing?
The right level of lack of planning permission indemnity insurance depends on your lender. It would differ for example between Nationwide Building Society and Virgin Money. Conveyancing practitioners as opposed to members of the public take out such policies.
Yorkshire BS have agreed my home loan in principle, my bid on a house in Rothwell has been agreed to, now what?
Your property agent will wish to be informed of your property lawyer's details (be sure the property lawyers are on the bank’s approved list). Call up Yorkshire BS or your broker and finish off any outstanding paperwork. Yorkshire BS will instruct a valuer who will get in contact with the selling agent or owners to book an appointment. Once conducted (assuming no problems) it takes approximately a fortnight to get a mortgage offer. Yorkshire BS will send the offer to you and your lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Rothwell.
We are selling our home in Rothwell and the buyers lawyers are claiming that there is a risk of it being built on contaminated land. Any local conveyancer would know that there is no such problem. For the life of me I don't know why the purchasers are using a national conveyancing outfit rather than a conveyancing solicitor in Rothwell. We have lived in Rothwell for 5 years we know of no issue. Is it a good idea to get in touch with our local Authority to get clarification need.
It would appear that you have a conveyancing firm currently acting for you. Are they able to advise? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
I have todaydiscovered that Arc property Solicitors have closed. They carried out my conveyancing in Rothwell for a purchase of a freehold house 9 months ago. How can I establish that the property is in my name in the name of the former proprietor?
The easiest method to see if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Rothwell conveyancing specialists.
We're FTB’s - had an offer accepted, yet the selling agent told us that the seller will only go ahead if we appoint the agent's preferred lawyers as they need an ‘expedited deal’. My instinct tells me that we should use a local solicitor with experience of conveyancing in Rothwell
It is highly unlikely the owners are driving this. If they desire ‘a quick sale', alienating a genuine buyer is is going to put the whole deal at risk. Try to communicate with the owners directly and make sure they understand (a)you are genuine buyers (b)you are ready to go, with finances arranged © you do not need to sell (d) you intend to proceed fast (e)however you intend to appoint your own,trusted Rothwell conveyancing solicitors - not the ones that will provide the estate agent a commission or hit his conveyancing targets pre-set by HQ.
Is it true that a Rothwell conveyancing company got sued by clients for not carrying out the appropriate conveyancing investigations?
We are not aware of such a Rothwell conveyancing claim but according to a recent report, a couple purchasing a home in Cumbria successfully won a case against their conveyancer as a consequence of development permission to build a wind farm not being picked up in conveyancing searches.
If you are buying in Rothwell It is critical that your solicitor conduct all Rothwell conveyancing searches required to ensure you have accurate and current information ahead of purchasing a property.