Souldusing a Teddington conveyancing practitioner make the legal process smoother?
Teddington is a special area, where regional experience is a big bonus. The laid-back lifestyle is great – but not when it comes to your house move. The property lawyers that we recommend host exhaustive Teddington intelligence with a proactive, can doattitude that helps the conveyancing to progress actively engaging with all parties to reduce communication delays. It is a distinct advantage where they benefit from established connections with mortgage brokers, search providers, surveyors and counterpart Teddington conveyancing solicitors
I own a freehold property in Teddington yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Teddington and has limited impact for conveyancing in Teddington 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 creation 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 after 2037 is to be dispensed with completely.
Do the Building Society Association intend to launch a searchable register to to identify practices on the Earl Shilton BS conveyancing panel for example in Teddington?
We have not been informed any plans on the part of the BSA to develop such a tool.
We had selected solicitors located in Teddington on the HSBC solicitor panel. They have just billed me a supplemental sum for handling the HSBC mortgage. Is this a supplemental conveyancing fee set by HSBC?
As unfair as it may seem, as long as it’s in their Terms and Conditions or Quote then yes your conveyancing practitioner can levy a fee for this. This fee is not dictated by HSBC but by your Teddington lawyer. Plenty of firms on the HSBC panel will quote an ‘acting for lender’ fee and others do not.
How can we tell if a Teddington conveyancing solicitor on the Virgin Money panel is any good?
When it comes to conveyancing in Teddington seeking recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the lawyer carrying out your conveyancing.
I have a mortgage with RBS for my property in Teddington. Conveyancing was finalised 12 months ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform RBS?
Your original mortgage agreement with RBS will provide that you need their approval before letting out your property as this is likely to be a breach of RBS’s mortgage conditions. It may be that RBS will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact RBS directly. You need not do this via a RBS conveyancing panel firm.
What advice can you give us when it comes to appointing a Teddington conveyancing firm to deal with our lease extension?
If you are instructing a property lawyer for lease extension works (regardless if they are a Teddington conveyancing firm) it is essential that he or she should be familiar with the legislation and specialises in this area of work. We recommend that you make enquires with several firms including non Teddington conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions could be of use:
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What are the charges for lease extension conveyancing? What volume of lease extensions have they carried out in Teddington in the last twenty four months?
My wife and I have hit a brick wall in seeking a lease extension in Teddington. Can this matter be resolved via the Leasehold Valuation Tribunal?
if there is a absentee landlord or if there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the LVT to calculate the sum to be paid.
An example of a Lease Extension matter before the tribunal for a Teddington premises is Flat D 15 Claremont Gardens in September 2013. TheTribunal determined in accordance with section48 and Schedule13 of the Leasehold Reform,Housing and Urban Development Act 1993 that the premium for the extended lease should be fourteen thousand one hundred and eighty seven pounds (£14,187.00) This case was in relation to 1 flat.
Should I be concerned if there is a problem with the searches carried out as part of my conveyancing in Teddington?
Ordinarily, most issues disclosed in Teddington conveyancing search results can be handled in advance of completion or title insurance could possibly be taken. You need to remember that even though you intend on acquiring the premises and may be willing to live with the search results, your mortgage lender may not, and when all said and done they have the final say.