I am in the throes of switching my current residential loan to a BTL Coventry Building Society mortgage. I was told by my mortgage that I require a lawyer for this. I had a chat my former St Columb conveyancing firm who who conducted the conveyancing when I previously acquired the house. The pricing estimate e-mailed to me of £575 plus disbursements is surprising as its a refinance than a sale or purchase.
The charges appear a tad high. If you you were to look around you might shave off some of the cost by perhaps a hundred pounds. On the other hand, assuming were content with the service the firm gave you couldlive to rue opting for an an unknown conveyancer. Remember to enquire that the conveyancer can act for Coventry Building Society. You can use our search tool to find a St Columb conveyancing firm on the Coventry Building Society member panel, which can often include conveyancing solicitors in St Columb.
I own a freehold residence in St Columb but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in St Columb and has limited impact for conveyancing in St Columb 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 many centuries, 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.
My wife and I are intent on selling our home in St Columb and according to the buyers it appears that there is a risk of it being built on contaminated land. A local conveyancer would know this is not the case. For the life of me I don't know why the purchasers instructed a web based conveyancing practice rather than a conveyancing solicitor in St Columb. We have lived in St Columb for six years we know of no issue. Do we contact our local Authority to obtain confirmation need.
It would appear that you have a conveyancing firm already. What do they say? You must enquire of 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 health insurance to cover that same sickness)
Despite weeks of looking the Title Certificate and documents to my house are lost. The lawyers who did the conveyancing in St Columb 10 years ago are no longer around. What do I do?
In today’s world there are copies made of almost everything, and your lawyer will be aware exactly where to find all the relevant documentation so you can buy or sell your house without any difficulty. If copies are not available, your solicitor can arrange cover in the form of insurance or indemnities protecting you against future claims on your property.
Over the last few months I have been searching for a ground for flat up to £195,000 and found one close by in St Columb I like with amenity areas and railway links nearby, the downside is that it only has 61 remaining years left on the lease. There is not much else in St Columb for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you require a home loan that many years will likely be a potential deal breaker. 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 2 years you could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
I've found a house that appears to be perfect, at a great figure which is making it more attractive. I have subsequently discovered that the title is leasehold rather than freehold. I am assuming that there are issues buying a leasehold house in St Columb. Conveyancing solicitors have are soon to be appointed. Will my lawyers set out the implications of buying a leasehold house in St Columb ?
Most houses in St Columb are freehold and not leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area can assist with the conveyancing process. it is apparent that you are buying in St Columb so you should seriously consider shopping around for a St Columb conveyancing practitioner and check that they are used to dealing with leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a lessee you will not be entirely free to do whatever you want to the property. The lease will likely included provisions for example obtaining the landlord’spermission to carry out changes to the property. It may be necessary to pay a contribution towards the maintenance of the communal areas where the property is part of an estate. Your solicitor should report to you on the legal implications.