I purchased a freehold house in Werrington but still charged rent, why is this and what is this?
It is rare for properties in Werrington and has limited impact for conveyancing in Werrington 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 many centuries, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges post 1977.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
We hope to to buy with Melton Mowbray Building Society. We have called around locally but am struggling to find a Werrington conveyancing firm on the Melton Mowbray Building Society panel. Can you assist?
Feel free to take advantage of the search tool on this site. Pick the mortgage company and type Werrington or your preferred area and you will discover a number of lawyer based in Werrington or by proximity to you.
It has been 3 months since my purchase conveyancing in Werrington concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I've recently found out that there is a flying freehold element on a house I put an offer in last month in what was supposed to be a straight forward, no chain conveyancing. Werrington is where the house is located. Can you offer any guidance?
Flying freeholds in Werrington are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Werrington you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Werrington may decide 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 property.
What makes your site different to other online quote calculators for conveyancing in Werrington?
At this site secure a conveyancing costs illustration via a Solicitor or Licensed Conveyancer that has a full understanding of the nuances of your conveyancing in Werrington. As opposed to estate agents and brokerage sites we do not operate commission arrangements with solicitors. Many agents and online brokers 'recommend' solicitors who pay the highest kickback, not the best value conveyancing in Werrington
Having had my offer accepted I require leasehold conveyancing in Werrington. Before I set the wheels in motion I require certainty as to the unexpired term of the lease.
Assuming the lease is registered - and most are in Werrington - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Werrington Leasehold Conveyancing - Sample of Queries before buying
-
How many of the leaseholders are in arrears for their service charge payments? How is the lease structured? Who manages the block?