I own a freehold house in Teddington yet pay 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 have existed for hundreds of years, but the Rent Charge Act 1977 barred the generation of fresh rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
The Teddington conveyancing firm that just started acting on my house acquisition in Teddington have without warning shut down. They were on acting for me because I needed a lawyer on the Skipton conveyancing panel and my family Teddington lawyer was not. I paid them funds on account. What should be my next steps?
Assuming that you have an Estate Agent in the equation then let them know immediately so that they can let the sellers know that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Skipton conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to help.
My wife and I own a semi-detached Georgian property in Teddington. Conveyancing solicitor acted for me and Norwich and Peterborough Building Society. I did a free Land Registry search last week and I saw two entries: one for freehold, another for leasehold under the matching property. I'd like to know for sure, how can I find out??
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Teddington and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the situation with your conveyancing lawyer who conducted the purchase.
I'm buying a new build house in Teddington with a mortgage from Nationwide Building Society. The builders refused to budge the price so I negotiated 6k of extras instead. The house builders rep advised me not reveal to my lawyer about this extras as it may jeopardize my loan with the bank. 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.
Is it possible to change solicitor as I have to select a firm on the Alliance & Leicester conveyancing list. I hired a local conveyancing solicitor in Teddington round the corner but the firm is not accepted by Alliance & Leicester
It would be our pleasure to help you select a conveyancing solicitor in Teddington on the Alliance & Leicester panel. Please note that the law firms that we on the directory do not pay us commission if you instruct them and are registered with the SRA who oversee all conveyancing solicitors in Teddington. In making use of search facility on this website, you can compare fees for conveyancing solicitors in Teddington and beyond.
There are a number of properties in Teddington on private roads. I am buying one such house. What would be the pros and cons of purchasing a residence on a privately owned road?
Teddington conveyancing practices will be familiar with conveyancing houseson private. The conveyancer will review the Land Registry data to find any rights or liabilities. It is possible that there is a management company (wholly owned by residents) that proprietors make annual payments to maintain the road. Where one exists, the road will likely be maintained and appear nicer than publicly adopted.