I am the registered owner of a freehold premises in Swindon but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Swindon and has limited impact for conveyancing in Swindon 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 establishment of new rentcharges from 1977 onwards.
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.
I am due to move property in September. Will my conveyancing solicitor liaise with the removal company on the completion day. Incidentally, can you suggest a removal company in Swindon. Conveyancing lawyer was chosen before I stumbled across this website.
On the day of completion you can pick up the house keys from your selling agent but this should only happen when the vendors conveyancers inform the agent that they acknowledge receipt of the completion payment and the keys can be given over. You can inform the removal men that you are ready to move in. We are not in a position to recommend a specific removal company but can help you choose a residential property solicitor in Swindon or a lawyer that specialises in conveyancing in Swindon.
When it comes to mortgage companies such as Barclays, do Swindon conveyancing practitioners incur an annual charge to be on the list of approved solicitors?
We are unaware of any bank fees to register on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
Principality have agreed my home loan in principle, my bid on a flat in Swindon has been agreed to, what happens next?
Your property agent will want to know who your solicitors are (be sure the conveyancers are on the lender’s approved list). Call up Principality or your financial adviser and finalise any appropriate forms. Principality will sellect a valuer who will get in touch with the estate agent or seller to schedule an appointment. Once carried out (assuming no problems) it takes about a fortnight to receive the mortgage offer. Principality will issue the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Swindon.
Just acquired a detached house in Swindon , What is the estimated time for the Land Registry to register my ownership? My Swindon conveyancing solicitor works at snail pace, so I want to be certain the registration is dealt with.
As far as conveyancing in Swindon is concerned, registration is no quicker or slower than the rest of the country. As opposed to being determined by geographic area, timeframes can vary depending on who lodges the application, whether there are errors and if the Land registry need to notify any 3rd persons or bodies. At present in the region of three quarters of such applications are fully dealt with in less than three weeks but occasionally there can be longer hold-ups. Historically registration occurs once the new owner has moved in to the property therefore registration formalities is not typically an essential issue but if there is a degree of urgency associated with the registration then you or your solicitor must contact the land registry and explain the circumstances.
I am buying my first flat in Swindon with a loan from Coventry Building Society. The developers would not move on the amount so I negotiated £7000 of extras instead. The estate agent advised me not inform my conveyancer about the deal as it would put at risk my loan with the bank. Should I keep quiet?.
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.
Due to the advice of my in-laws I had a survey completed on a house in Swindon prior to retaining solicitors. I have been advised that there is a flying freehold overhang to the property. My surveyor advised that some mortgage companies tend not give a mortgage on a flying freehold premises.
It depends who your proposed lender is. Bank of Scotland has different requirements from Nationwide. If you contact us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Swindon. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Swindon to see if the conveyancing will be more expensive.
I need to retain a conveyancing solicitor for leasehold conveyancing in Swindon. I've chance upon a site which seems to have the ideal offering If there is a chance to get all the legals completed via phone that would be preferable. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?