I am the registered owner of a freehold property in Shenfield but nevertheless charged rent, why is this and what is this?
It is rare for properties in Shenfield and has limited impact for conveyancing in Shenfield 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 creation of new 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 after 2037 is to be extinguished.
I have been told that property searches are the main reason for delay in Shenfield conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released findings of research by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of hindrances during the legal transfer of property. Local searches are not likely to be the root cause of holding up conveyancing in Shenfield.
I have justbecome aware that Arc property Solicitors have closed. They carried out my conveyancing in Shenfield for a purchase of a leasehold flat 10 months ago. How can I establish that the property is not still registered in the name of the previous owner?
The easiest way to see if the premises is in your name, you can make 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 Shenfield conveyancing specialists.
Just had an offer accepted on a new build apartment in Shenfield. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Shenfield
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Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Please confirm the Lease plans are architect prepared. Forfeiture - bankruptcy or liquidation must not apply under this provision. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
How difficult is it to swap solicitor as I have to instruct one who is on the Barclays Direct conveyancing list. I had appointed a local conveyancing solicitor in Shenfield round the corner but he is not approved by Barclays Direct
We will our best to assist in finding you a conveyancing solicitor in Shenfield on the Barclays Direct panel. Please note that the solicitors that we on the directory do not pay us commission if you instruct them and are under regulation of the Solicitors Regulation Authority who oversee all conveyancing solicitors in Shenfield. Using the find a conveyancing solicitor tool on this site, you can compare fees for conveyancing solicitors in Shenfield and beyond.
My husband and I are selling a Shenfield ground floor flat we inherited seven years ago in 2009. I have over a decades worth of conveyancing experience and, although retired, wish to conduct my own conveyancing. The buyer's conveyancer has informed me that their mortgage company will not allow us to do our own conveyancing insisting the funds to be sent to a solicitor's bank account.
Mortgage instructions to conveyancers from all mainstream lenders state that If the seller does not have legal representation the borrower's lawyers should check whether the bank needs to be informed so that a decision can be reached as to whether they are prepared to move forward.