I am the registered owner of a freehold residence in Stoke Bishop but nevertheless charged rent, why is this and what is this?
It is rare for properties in Stoke Bishop and has limited impact for conveyancing in Stoke Bishop 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 generation of fresh rentcharges post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
I have been told that property searches are the main reason for hinderance in Stoke Bishop conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) published findings of a review by MoveWithUs that conveyancing searches do not feature within the most frequent causes of delays in the conveyancing process. Local searches are unlikely to feature in any holding up conveyancing in Stoke Bishop.
The deeds to my home can not be found. The lawyers who conducted the conveyancing in Stoke Bishop 5 years ago no longer exist. What do I do?
Gone are the days when you need to hold title deeds to prove you are the registered proprietor of land or premises, as the Land Registry hold details of all registered land or property electronically.
I'm purchasing a new build house in Stoke Bishop benefiting from help to buy. The developers refused to budge the price so I negotiated 6k of fixtures and fittings instead. The sale representative advised me not to tell my conveyancer about the side-deal as it would put at risk my loan with Bank of Ireland. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Taking into account that I will soon spend hundreds of thousands of pounds on 3 bedroom house in Stoke Bishop I would like to have a conversation with the conveyancer concerning thehouse move in advance of giving the go ahead to the firm. Is this something that you can arrange?
This is something that we encourage - it is our preference to talk to you we do not take any clients on without you speaking to the lawyer who will be doing your conveyancing in Stoke Bishop.There is no ‘factory style conveyancing’ - each client is unique individual, not a file reference. The practices that we put you in touch with believe that the fees you are calculated and presented to you for residential conveyancing in Stoke Bishop should be the amount on the final invoice that you end up paying.
If instructed can a conveyancer remove a person from the title of my property in Stoke Bishop ?
Removing or adding someone to the title of your home is relatively straightforward. You’ll need to appoint a solicitor to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a conveyancer