Unfortunately I am unable to travel far from Whitton. What is the rationale as to why all Whitton conveyancers are not on all mortgage company panels?
Even though it may seem unfair for lenders to limit who can act for them, from the public’s or solicitor’s viewpoint, the flip side is that lenders are becoming ever more anxious and feel it necessary to protect them against mortgage fraud. As a result of this concern lenders have restricted their panel of approved conveyancing lawyers to a manageable size.
I am the registered owner of a freehold residence in Whitton yet charged rent, why is this and what is this?
It’s unusual for properties in Whitton and has limited impact for conveyancing in Whitton 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 creation 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 post 2037 will be dispensed with completely.
Do I select a Licenced Conveyancer or Solicitor for conveyancing in Whitton?
There are many recorded licenced Conveyancers in Whitton and Solicitor partnerships in Whitton offering conveyancing We would stress that the two are supervised by regulatory bodies with both specialising in the legal work in the home buying process. Both can handle associated property related work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
Is it the case that all Whitton solicitor practices on the HSBC conveyancing panel are governed by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the HSBC approved list of solicitors they would need to be overseen by the Solicitors Regulatory Authority. Many mortgage companies do allow licenced conveyancers on their panel and in that case the organisation would be overseen by the Council of Licensed Conveyancers.
Completion of my remortgage has taken place for my property in Whitton. Conveyancing was of an acceptable standard but I would like to complain about the lender. Who do I contact should I wish to lodge a complaint?
All banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Department at head office. In most cases complaints to a lender are resolved effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
I need some expedited conveyancing in Whitton as I am faced with an ultimatum to sign on the dotted line in less than 3 weeks. A mortgage is not required. Can I escape the need for conveyancing searches to save money and time?
As you are not taking a home loan you are at free not to do searches although no conveyancer would recommend that you don't. With lots of history conveyancing in Whitton the following are examples of what can arise and therefore impact market value: Enforcement Actions, Outstanding Charges, Overdue Grants, Railway Schemes,...
Yesterday I discovered that there is a flying freehold element on a property I have offered on two weeks back in what was supposed to be a quick, chain free conveyancing. Whitton is where the house is located. Can you offer any guidance?
Flying freeholds in Whitton are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Whitton you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Whitton 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 property.
I have just appointed agents to market my ground floor flat in Whitton.Conveyancing solicitors are to be appointed soon however I have just had a yearly service charge invoice – what should I do?
It best that you pay the service charge as you normally would as all ground rent and maintenance invoices should be allottedon completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially