I am the registered owner of a freehold house in Thornaby on Tees yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Thornaby on Tees and has limited impact for conveyancing in Thornaby on Tees 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 creation of fresh rentcharges post 1977.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
There are a variety of conveyancing solicitors in Thornaby on Tees but how do I know who I should use?
We would encourage you not to go for the lowest Thornaby on Tees conveyancing fees. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
Is there a list of RBS panel conveyancers in Thornaby on Tees on the Building Society Association’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association sites. Very few lenders make their panel listings open the public on the web. Where you are seeking to appoint a Thornaby on Tees conveyancing practitioner on the RBS please make the most of our tool.
We previously instructed solicitors based in Thornaby on Tees on the Aldermore solicitor panel. They are now charging me a supplemental sum for handling the Aldermore mortgage. Is this an additional conveyancing fee specified by Aldermore?
As unfair as it may appear, as long as it’s in their Terms of Engagement or Quote then yes your solicitor can charge a fee for this. The charge is not dictated by Aldermore but by your Thornaby on Tees property lawyer. Some firms on the Aldermore panel will charge an ‘acting for lender’ fee and others do not.
We are intent on selling our home in Thornaby on Tees and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. A local lawyer would know this is not the case. It does beg the question why the buyers used a national conveyancing practice as opposed to a conveyancing solicitor in Thornaby on Tees. Having lived in Thornaby on Tees for 4 years we know that this is a non issue. Is it a good idea to contact our local Authority to get clarification that the buyers are looking for.
It sounds as though you may have a conveyancing solicitor currently acting for you. What do they say? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
About to purchase a new build apartment in Thornaby on Tees. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Thornaby on Tees
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Please confirm the Lease plans are surveyor prepared. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. 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 opted to have a survey done on a property in Thornaby on Tees ahead of instructing conveyancers. I have been told that there is a flying freehold element to the house. The surveyor advised that some mortgage companies tend not grant a loan on a flying freehold home.
It varies from the lender to lender. Lloyds has different requirements for example to Halifax. Should you wish to telephone us we can investigate further via the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Thornaby on Tees. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Thornaby on Tees to see if the conveyancing will be more expensive.
After what seems like an age I have had an offer on an apartment in Thornaby on Tees agreed to, but there is a chain. The current proprietors have offered on somewhere, but it’s not been accepted yet, and has viewings of other flats booked. I have instructed a nearby conveyancing lawyer in Thornaby on Tees. What should be my next step? When should I get the mortgage application with Bank of Ireland started with Bank of Ireland?
It is standard to have apprehensions where there is a chain given your reluctance to be too out of pocket too early (mortgage application is approx one thousand pounds, then valuation, Thornaby on Tees conveyancing search fees, etc). The first course of action is to ensure that your lawyer is on the Bank of Ireland conveyancing panel. Regarding the next stages this very much dictated by the circumstances of your case, desire for the property and on the state of the market. During a rising market some buyers would apply for the mortgage with Bank of Ireland and arrange for the valuation and only if it comes back ok would they request their solicitor to press on with searches.