I purchased a freehold property in Swadlincote yet charged rent, why is this and what is this?
It is rare for properties in Swadlincote and has limited impact for conveyancing in Swadlincote 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 establishment of fresh rentcharges post 1977.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
Just acquired a semi-detached house in Swadlincote , how long should it take for the Land Registry to register my ownership? My Swadlincote conveyancing solicitor works at snail pace, so I want to be certain the land registry aspects are concluded.
There is nothing unique when it comes to conveyancing in Swadlincote registration formalities. As opposed to being determined by geographic area, timeframes can vary depending on who lodges the application, whether there are errors and whether the Land registry must send notices to any other persons or bodies. As of today approximately three quarters of such applications are fully dealt with in less than three weeks but some can be subject to longer delays. Historically registration is effected after the new owner is living at the premises so 'speed' is not typically an essential issue but where there is a degree of urgency associated with the registration then you or your lawyers must speak with the land registry and explain the circumstances.
How does conveyancing in Swadlincote differ for new build properties?
Most buyers of new build property in Swadlincote come to us having been asked by the builder to sign contracts and commit to the purchase even before the premises is finished. This is because developers in Swadlincote typically purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Swadlincote or who has acted in the same development.
I've recently found out that there is a flying freehold element on a property I put an offer in two weeks back in what was supposed to be a quick, no chain conveyancing. Swadlincote is the location of the property. What do you suggest?
Flying freeholds in Swadlincote are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Swadlincote you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Swadlincote may determine 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 am looking into buying my first house which is in Swadlincote and I am already nervous. I couldn't find anything specific about Swadlincote. Conveyancing will be needed in due course but do you know about the Swadlincote area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Swadlincote. In the meantime here are some basic statistics that we found
My uncle has recommend that I appoint his conveyancing solicitors in Swadlincote. Should I use them?
No doubt the ideal way to find a conveyancing solicitor is to have feedback from friends or family who have used the conveyancer you're contemplating using.