I own a freehold house in Wiveliscombe but still charged rent, why is this and what is this?
It is rare for properties in Wiveliscombe and has limited impact for conveyancing in Wiveliscombe 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 establishment of new rentcharges post 1977.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
We are planning to buy with Earl Shilton BS. I went into a few local firms yet am unable to find a Wiveliscombe conveyancing firm on the Earl Shilton BS panel. Could you help?
Please do take advantage of the search tool on this page. Please choose the building society and type Wiveliscombe or your preferred area and you will discover numerous conveyancers based in Wiveliscombe or near you.
My fiancee and I are in the process of viewing apartments in Wiveliscombe and I am about to put in an offer. Should I already have a solicitor appointed at this stage? I am planning to take a home loan with RBS.
It would be prudent to instigate your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their details on to the selling agent. As you are taking out a mortgage with RBS, ask your prospective lawyers if they are on the RBS conveyancing panel otherwise they can't do the mortgage legal work.
I have today made my last payment due on my mortgage with Skipton. I assume I don't need a Wiveliscombe lawyer on the Skipton panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Skipton mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Skipton mortgage from the register. Skipton, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Skipton has sent the Land Registry the discharge electronically, and
- Skipton has instructed the Land Registry to do so
I have decided to exercise my right to buy my property in Wiveliscombe off the council. I have a mortgage offer with Leeds Building Society. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Leeds Building Society, you will need to appoint a solicitor on the Leeds Building Society conveyancing panel.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Wiveliscombe?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Wiveliscombe. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Do I need to be concerned about 3rd parties that I am dealing with are encouraging me to use a national conveyancing firm as opposed to a High Street Wiveliscombe conveyancing practice?
As is the case with many service providers, often recommendations from family and friends can be most helpful. Yet there are numerous players in a conveyancing matter; estate agents, financial adviser and banks may put forward lawyers to appoint. Sometimes these conveyancers might be known to one of the organisations as one of the best in their field, but sometimes there exists a financial incentive behind the endorsement. You are at liberty to choose your own conveyancer. However, bear in mind that many mortgage providers operate an approved list of conveyancers you must use for the mortgage related work in your conveyancing.
Our bank agreed in principle to give us a mortgage. We are using a long established conveyancer in Wiveliscombe last week. Today, our financial adviser called to say that the mortgage company said that we cannot use our solicitor as they aren't on their 'approved list'. As FTB's, we had no idea that the bank had some control over our choice Is this permitted?
You are at liberty to instruct any conveyancing solicitor you prefer to choose for your conveyancing in Wiveliscombe nevertheless if your lender aren't happy with them you would have to incur an extra fee so the mortgage company can appoint their own lawyers. It may be possible your preferred conveyancing firm to get added to the mortgage company list of approved firms. Do make the most of online tools including lenderpanel.com to find a conveyancing solcitor in Wiveliscombe on the lender panel. You can go into your high street mortgage company branch in Wiveliscombe. They will know some good conveyancing solicitors in Wiveliscombe on the panel for your bank.