I am the registered owner of a freehold residence in Wotton under Edge yet pay rent, why is this and what is this?
It is rare for properties in Wotton under Edge and has limited impact for conveyancing in Wotton under Edge 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 many centuries, but the Rent Charge Act 1977 barred the generation of new rentcharges post 1977.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
My bank has suggested a law firm on their panel based in Wotton under Edge but I would rather instruct a conveyancing lawyer in Wotton under Edge or nearer to where I live. Are you able to assist?
Not all Wotton under Edge conveyancing practices are listed all lender’s conveyancing panel. Use our search tool to find a Wotton under Edge conveyancing conveyancer on the on the bank panel.
Me and my partner are buying a property in Wotton under Edge. I might seem paranoid but how we can trust a lawyer? On completion day we will need to put money into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I am currently in the process of buying my council flat in Wotton under Edge. I have a mortgage offer with Leeds Building Society. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have 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.
Planning on purchasing a apartment in Wotton under Edge. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Virgin Money conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Wotton under Edge conveyancer is on the Virgin Money conveyancing panel.
Various internet forums that I have visited warn that are the primary cause of hinderance in Wotton under Edge house deals. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the determinations of a review by MoveWithUs that conveyancing searches do not figure within the top 10 causes of hindrances during the legal transfer of property. Local searches are unlikely to be the root cause of delay in conveyancing in Wotton under Edge.
I have justdiscovered that Action Conveyancing have closed. They conducted my conveyancing in Wotton under Edge for a purchase of a freehold house 12 months ago. How can I be sure that the property is not still registered in the name of the previous owner?
The quickest way to check if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Wotton under Edge conveyancing specialists.
What does commercial conveyancing in Wotton under Edge cover?
Non domestic conveyancing in Wotton under Edge incorporates a wide range of services, provided by regulated solicitors, relating to business premises. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.