I purchased a freehold premises in Sevenoaks yet pay rent, why is this and what is this?
It’s unusual for properties in Sevenoaks and has limited impact for conveyancing in Sevenoaks 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 establishment of new rentcharges from 1977 onwards.
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.
Do I need to attend the offices of the solicitor to execute the mortgage deed? If so, I will instruct a firm who offer conveyancing in Sevenoaks so that I can attend their offices when needed.
Nowadays conveyancing panel lawyers for banks undertake their communications via the post, e-mail or over the phone. This enables them to conduct the conveyancing transaction no matter where you live in England or Wales. Nevertheless you should check if you have the option of visiting the offices of your conveyancing lawyer if just in case this is required.
What will a local search tell me about the property I am buying in Sevenoaks?
Sevenoaks conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search organisations for instance Onsearch The local search plays a central part in many a Sevenoaks conveyancing purchase; that is if you wish to avoid any nasty surprises after you move into your property. The search should supply information on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic sections.
five months have gone by following my purchase conveyancing in Sevenoaks completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I have been sourcing a conveyancing solicitor in Sevenoaks for my purchase. Is there any facility to check a solicitor's record with the legal regulator?
One can read presented Solicitor Regulator Association (SRA) decisions resulting from inquisitions from 2008 onwards. Visit Check a solicitor's record. For details about the period before 1 January 2008, or to check a solicitors record, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, use +44 (0)121 329 6800. The SRA could recorded call for training purposes.
Should I be worried if there is an issue with one of the searches for my conveyancing in Sevenoaks?
Usually, most adverse entries arising from Sevenoaks conveyancing search responses can be dealt with ahead of completion or title insurance may be obtained. You should remember that although you intend on purchasing the premises and might be willing to live with the search results, your mortgage lender may not, and ultimately the decision rests with them.