I am the registered owner of a freehold property in Willingham but nevertheless charged rent, why is this and what is this?
It is rare for properties in Willingham and has limited impact for conveyancing in Willingham 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 creation of new rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
Do I need to have a meeting at the offices of the solicitor to execute the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Willingham so that I can attend their offices if required.
As opposed to 15 years ago, most mortgage companies no longer require their conveyancing panel solicitor to witness the mortgagors signature. It will still be necessary for you to hand over ID documents and there are still distinct advantages to choosing a local practitioner, in your case a conveyancing solicitor in Willingham.
What is the difference between a licensed conveyancer and conveyancing solicitor in Willingham
Two types of professional can do conveyancing in Willingham namely licenced conveyancers or solicitors. The two can handle conveyancing services that you need to complete the disposal or purchase of property. They are both required to carry out Willingham conveyancing on similar quality and guidelines so you can be sure that your conveyancing will be properly conducted and that the requirements and steps will be accurately taken.
I am assisting my mother sell her property in Willingham. Does the conveyancer commission an energy performance certificate or it is for me to see to?
After the demise of Home Packs, energy performance certificates became a required component of selling a house. An energy assessment needs to be to hand in advance of the property being put on the market. It is not a task that conveyancers normally arrange. If you are using a Willingham conveyancing practitioner they may be willing to arrange EPC’s given their relationships with long established local energy assessors
I am being told by my lawyer that breach of easement insurance is necessary on my purchase. What is the level of cover for Willingham conveyancing?
The right level of breach of easement indemnity insurance should be dictated by who your lender. It would differ for example between National Westminster Bank and Bank of Scotland. Conveyancing lawyers as opposed to members of the public take out such policies.
I have been told that property searches are the primary reason for obstruction in Willingham conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not figure within the top 10 causes of hindrances in the conveyancing process. Searches are unlikely to feature in any delay in conveyancing in Willingham.
Me and my brother have a renovated Victorian house in Willingham. Conveyancing practitioner acted for me and Barclays . I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, the second leasehold with the matching property. I thought I was buying a freehold how can I check?
You should read 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 Willingham and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with your conveyancing practitioner who conducted the conveyancing.
Due to the guidance of my in-laws I had a survey completed on a property in Willingham in advance of appointing solicitors. I have been advised that there is a flying freehold overhang to the property. The surveyor has said that some banks may refuse to issue a mortgage on a flying freehold property.
It varies from the lender to lender. HSBC has different instructions for example to Birmingham Midshires. Should you wish to call us we can look into this further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Willingham. Conveyancing may be slightly more expensive based on your lender's requirements.