I own a freehold property in Whitmore but nevertheless invoiced for rent, why is this and what is this?
It is rare for properties in Whitmore and has limited impact for conveyancing in Whitmore 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 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 after 2037 will be dispensed with completely.
The Whitmore conveyancing lawyers that I appointed last week on my house acquisition in Whitmore have suddenly shut down. I only went with them because I needed a lawyer on the Santander conveyancing panel and my previous Whitmore lawyer was not. I paid them 275 plus VAT in advance. What should be my next steps?
If you have an estate agent involved then let them know straight away so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Most sellers would 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 Santander 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 assist.
Have purchased a a semi-detached house in Whitmore , What is the estimated time for the Land Registry to register my ownership? My Whitmore conveyancing solicitor works at snail pace, so I want to check that my purchase is registered.
There is nothing unique about conveyancing in Whitmore registration formalities. As opposed to being determined by geographic area, timeframes can vary subject to who lodges the application, whether it is in order and if the Land registry communicate with any third parties. As of today roughly three quarters of submission are fully addressed in less than three weeks but some can be subject to extensive hold-ups. Historically registration takes place once the purchaser has moved in to the premises therefore registration formalities is not usually an essential issue yet if there is a degree of urgency associated with the registration then you or your lawyers should communicate with the Registry to express the reasoning for the application to be prioritised.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on a fortnight ago in what was supposed to be a quick, no chain conveyancing. Whitmore is the location of the property. Can you shed any light on this issue?
Flying freeholds in Whitmore are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Whitmore you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Whitmore may ascertain 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 residence.
Should I be suspicious by third parties that I am dealing with are suggesting a nationwide conveyancing firm as opposed to a local Whitmore conveyancing practice?
As with lots of professional services, often referrals from relatives can be very helpful. Nevertheless there are numerous players in a conveyancing transaction; estate agents, financial adviser and lenders might all recommend conveyancers to select. On occasion the solicitors might be known to one of the organisations as experts in their field, but sometimes there is an underlying financial incentive behind the endorsement. You are at liberty to choose your own conveyancer. However, bear in mind that the majority of mortgage providers have an approved list of conveyancers you must use for the lender aspect of your conveyancing.
Is it best to appoint a Whitmore conveyancing practitioner based in the area that I am hoping to buy? An old friend can execute the legal work but her office is 300miles away.
The primary upside of using a high street Whitmore conveyancing practice is that you can drop in to execute paperwork, deliver your identification documents and apply pressure on them where appropriate. They will also have local insight which is a plus. That being said nothing is more important than finding someone that will pull out all the stops for you. If if people you trust used your friend and the majority were content that should trump using an unknown Whitmore conveyancing lawyer solely due to them being Whitmore based.