Find a Lender-Approved Local Conveyancer in Stalham

I purchased a freehold residence in Stalham but nevertheless charged rent, why is this and what is this?

It is rare for properties in Stalham and has limited impact for conveyancing in Stalham 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 creation of fresh 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 will be dispensed with completely.

I am purchasing a new build flat in Stalham. How practical is it for me to do the conveyancing?

Leaving aside the complexities and merits of DIY conveyancing in Stalham you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Stalham.

five months have elapsed since my purchase conveyancing in Stalham took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £180,000. 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.

Yesterday I discovered that there is a flying freehold element on a property I put an offer in a fortnight ago in what should have been a simple, chain free conveyancing. Stalham is where the house is located. Can you offer any assistance?

Flying freeholds in Stalham are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Stalham you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Stalham may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.

I have been sourcing a conveyancing practitioner in Stalham for my house move. Is it possible to see a firm’s complaints history with the legal regulator?

Members of the public may read presented Solicitor Regulator Association (SRA) determinations arising from investigations started on or after 1 January 2008. Go to Check a solicitor's record. To find information about the period before 1 January 2008, or to check a solicitors record, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, dial +44 (0)121 329 6800. The SRA sometimes monitor telephone calls for training purposes.

Our conveyancer has advised that he intends to complete and exchange simultaneously on our sale of a £475,000 garden flat in Stalham in just under a week. The managing agents has quoted £420 for Landlord’s certificate, insurance certificate and 3 years service charge statements. Is the landlord entitled to charge exorbitant fees for a leasehold conveyance in Stalham?

For most leasehold sales in Stalham conveyancing will involve, queries regarding the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :

Addressing conveyancing due diligence enquiries Where consent is required before sale in Stalham Copies of the building insurance and schedule Deeds of covenant upon sale Registering of the assignment of the change of lessee after a sale

Your lawyer will have no control over the level of the charges for this information but the average costs for the information for Stalham leasehold property is £350. For Stalham conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are obliged to supply answers.

Leasehold Conveyancing in Stalham - A selection of Questions you should ask before buying

Be sure to investigate if the the lease includes any onerous restrictions in the lease. For example it is reasonably common in Stalham leases that pets are not allowed in certain buildings in Stalham. If you like the flatin Stalham yet your cat is not allowed to live with you then you will be presented with a hard compromise. The answer will be helpful as a) areas could cause problems for the block as the common areas may start to deteriorate where services remain unpaid b) if the leaseholders have an issue with the running of the building you will need to know about it How many of the leaseholders are in arrears for their maintenance charge payments?