I purchased a freehold property in Weybridge but nevertheless charged rent, why is this and what is this?
It is rare for properties in Weybridge and has limited impact for conveyancing in Weybridge 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 establishment of fresh rentcharges post 1977.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
I'm the single recipient of my late father’s will and I have everything in my name now, including the house in Weybridge. The Weybridge property was put into my name in April. I plan to dispose of the property. I understand that there is a Mortgage Lenders 6 month 'rule', which means that my proprietorship could be treated the same way as if I'd bought the house in April. Will no one buy the property for half a year?
The CML handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be affected by that. How sensible a view mortgage companies take of it, depend on the lender as this requirement chiefly exists to identify subsales or the wholesaling and assigning of properties.
I was told two weeks ago that my mortgage has been agreed to by Principality. Is it usual for Principality to only issue the offer once my solicitor in Weybridge is approved on their conveyancing panel? Principality have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Principality to deal with your lawyer's application to be on the Principality conveyancing panel. There's no guarantee that your solicitor will be accepted.
Our offer on a house in Weybridge has been agreed to, but there is a chain. The sellers have placed an offer on somewhere, but it’s not yet tied up, and have viewings of other apartments booked. I have selected a nearby conveyancing solicitor in Weybridge. What should be my next step? When do I get the mortgage application with Kent Reliance started?
It is understandable to have apprehensions where there is a chain as you are unlikely to want to incur expenses prematurely (mortgage application is in the region of £1k, then valuation, Weybridge conveyancing search fees, etc). First, you must check that your solicitor is on the Kent Reliance approved list. Concerning the next steps this very much depends on the uniqueness of your transaction, desire for the property and on the state of the market. In a hot market many buyers will apply for a home loan with Kent Reliance and pay for the valuation and only if it comes back ok would they ask their property lawyer to press on with the conveyancing in Weybridge.
I bought my home on 14 August and my personal details is yet to be registered. Any reason for this? My conveyancing solicitor in Weybridge advises it would be dealt with in a couple of weeks. Are properties in Weybridge particularly slow to register?
There is nothing unique about conveyancing in Weybridge registration formalities. As opposed to being determined by geographic area, timescales can differ according to the party submitting the application, whether it is in order and if the Land registry have to notify any other parties. At present roughly three quarters of such applications are fully dealt with in less than three weeks but occasionally there can be extensive delays. Registration occurs after the purchaser has moved in to the premises thus registration formalities is not typically primary concern yet if there is a degree of urgency associated with the registration then you or your conveyancer can communicate with the Registry to express the reasoning for the application to be prioritised.
I need to instruct a conveyancing practitioner in Weybridge for my house move. Can I check a firm’s complaints history with the profession’s regulator?
One may see published Solicitor Regulator Association (SRA) decisions stemming from inquisitions from 2008 onwards. Go to Check a solicitor's record. For information Pre 2008, or to check a solicitors history, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, use +44 (0)121 329 6800. The regulator could monitor call for training purposes.
My wife and I may need to sub-let our Weybridge garden flat for a while due to a new job. We instructed a Weybridge conveyancing firm in 2003 but they have closed and we did not think at the time seek any advice as to whether the lease prohibits the subletting of the flat. How do we find out?
Even though your previous Weybridge conveyancing solicitor is no longer around you can check your lease to see if it allows you to sublet the property. The accepted inference is that if the lease is silent, subletting is allowed. Quite often there is a prerequisite that you must seek permission from your landlord or other appropriate person prior to subletting. The net result is that you cannot sublet without prior permission. The consent should not be unreasonably refused ore delayed. If the lease prohibits you from letting out the property you should ask your landlord for their consent.
I have had difficulty in trying to purchase the freehold in Weybridge. Can this matter be resolved via the Leasehold Valuation Tribunal?
in cases where there is a missing freeholder or if there is disagreement about the premium for a lease extension, under the relevant legislation it is possible to make an application to the Leasehold Valuation Tribunal to arrive at the price payable.
An example of a Lease Extension decision for a Weybridge premises is 147 Redford Close in June 2012. The Tribunal determined the lease extension premium to be at £4,200 This case affected 1 flat. The unexpired term as at the valuation date was 82.93 years.
After what feels like an age I have had an offer on an flat in Weybridge accepted, but there is a chain. The sellers have offered on somewhere, but it’s not been accepted yet, and are looking at other flats in the pipeline. I have chosen a nearby conveyancing lawyer in Weybridge. What do I do now? When do I get the mortgage application with Clydesdale going with Clydesdale?
It is usual to have anxieties where there is an associated chain given your reluctance to incur expenses prematurely (home loan application is in the region of one thousand pounds, then survey, Weybridge conveyancing search costs, etc). First, you should ensure that your conveyancer is on the Clydesdale approved list. As to the subsequent phase this very much dictated by the specifics of your transaction, desire for this property and on the state of the market. During a rising market the majority of purchasers would apply for a home loan with Clydesdale and arrange for the survey and only if it was satisfactory would they pay their lawyer to proceed with searches.