I purchased a freehold property in Westonzoyland but nevertheless invoiced for rent, why is this and what is this?
It is rare for properties in Westonzoyland and has limited impact for conveyancing in Westonzoyland 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 generation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
We are buying a newbuild flat in Westonzoyland with a homeloan from Aldermore.We have a Westonzoyland conveyancing lawyer but Aldermore advised that her practice is not on their approved list of member firms. We have to appoint a Aldermore panel lawyer or retain our local solicitor and pay for a Aldermore panel lawyer to represent them. This seems very unfair; Can we not simply insist that Aldermore use our lawyer?
No, not really. The loan issued to you contains various provisions, a common one being that solicitors must be on the Aldermore approved list. Until recently, most banks had large numbers of solicitors on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Aldermore
My bid for a property was accepted at auction in Westonzoyland. Conveyancing is needed. What happens now?
Now that you have to in every practical sense signed on the dotted line you will need to choose a conveyancing solicitor soon as you will have a tight a drop dead date to complete the conveyancing. An auction property will have an associated legal pack. This will include evidence of title and search results. Where you are dealing with leasehold premises the legal papers should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation pertinent to a leasehold property. You need to pass this on to your appointed conveyancing solicitor ASAP. Do make sure that your finances are in place to complete the transaction on the set completion date.
We are due to move house in March. Does my conveyancing solicitor communicate with the removal company on the day of completion. Incidentally, can you recommend a removal company in Westonzoyland. Conveyancing firm was organised before I stumbled across your page.
On the afternoon of completion you can pick up the keys from your property agent but this can only occur when the previous owners solicitors confirm to the agent that they acknowledge receipt of the completion payment and the keys can be passed over. After that you can advise the removal company that you are ready to move in. As a matter of policy we do not recommend a specific removal organisation but can assist you in finding a residential property solicitor in Westonzoyland or a lawyer that specialises in conveyancing in Westonzoyland.
I can not fathom if my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Westonzoyland building society branch on numerous occasions and was told they are content with the situation and they will lend. My Westonzoyland conveyancing solicitor - who is on the mortgage company conveyancing panel- called to say that they refuse to lend based on their published requirements. I have no idea who is right.
The conveyancer has to comply with the Council of Mortgage Lenders’ Handbook Part 2 requirements for your bank. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
My wife and I purchased a semi-detached Edwardian property in Westonzoyland. Conveyancing lawyer acted for me and Godiva Mortgages Ltd. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, another for leasehold with the exact same address. If a house is not a freehold shouldn't I have been informed?
You need to assess the Freehold register you have again and check the Charges Register for 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 Westonzoyland and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the position with the conveyancing practitioner who completed the work.
The estate agent has sent us the confirmation of our purchase of a new build flat in Westonzoyland. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Westonzoyland
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Please supply a car parking plan. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please confirm the Lease plans are architect prepared. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
We're first time buyers - had an offer accepted, yet the property agent advised that the seller will only proceed if we appoint the agent's recommended conveyancers as they need a ‘quick sale’. We would rather use a high street conveyancer used to conveyancing in Westonzoyland
We suspect that the owner is unaware of this demand. If they desire ‘a quick sale', taking such a hostile approach to a genuine buyer is going to damage their objectives. Speak to the vendors direct and explain that (a)you are motivated purchasers (b)you are ready to go, with finances in place © you do not need to sell (d) you wish to move quickly (e)but you are going to use your own,trusted Westonzoyland conveyancing firm - not the ones that will earn their negotiator at the agency a introducer fee or meet his conveyancing thresholds pre-set by senior management.