I own a freehold residence in Ystradgynlais but still charged rent, why is this and what is this?
It is rare for properties in Ystradgynlais and has limited impact for conveyancing in Ystradgynlais 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 establishment of fresh 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 post 2037 will be extinguished.
We wanted to use a conveyancing solicitor in Ystradgynlais for our home move. Our financial adviser has since notified us that our mortgage company Barclays Direct won't deal with them. Why is this not regarded as unfair competition?
Before the recession most banks had an appetite for risk which was higher than today. Almost all Ystradgynlais conveyancing firms would have been on most lender panels. The financial services regulator in 2010 conducted a thematic investigation into mortgage fraud which come to the conclusion: know the conveyancing solicitors dealt with. Consequently, mortgage companies have regularly sought more data from law firms concerning their operations and their employees as well as set certain criteria such a completing on a minimum volume of conveyancing. Many Ystradgynlais conveyancing firms that have been excluded from lender panels have a 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Ystradgynlais is one of the thousands of locations where the conveyancers we list are are approved Barclays Direct.
About to purchase a new build apartment in Ystradgynlais. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Ystradgynlais
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There must be mutual enforceability of lessee’s covenants. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please supply a car parking plan. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
I decided to have a survey carried out on a property in Ystradgynlais ahead of appointing conveyancers. I have been informed that there is a flying freehold overhang to the property. Our surveyor advised that some lenders tend not give a mortgage on such a property.
It depends who your proposed lender is. HSBC has different requirements for example to Nationwide. If you e-mail us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Ystradgynlais. Conveyancing will be smoother if you use a solicitor in Ystradgynlais especially if they regularly deal with such properties in Ystradgynlais.
I need to instruct a conveyancing solicitor for some conveyancing in Ystradgynlais. I have stumble upon a web site which looks to be the perfect answer If there is a chance to get all this stuff completed via email that would be ideal. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Are all Ystradgynlais legal practices on every bank conveyancing panel?
You can use our search tool or you can drop into your high street lender branch in Ystradgynlais. the probability is that they will know some good conveyancing solicitors in Ystradgynlais