I can't travel far from Twickenham Park. What is the rationale as to why all Twickenham Park conveyancers aren't automatically on all bank panels?
A decade ago most banks had an attitude to risk which differs from the current day. The financial regulator in 2010 carried out a thematic review into fraud which concluded: know the conveyancing practitioners on your panel. As a result, mortgage companies have subsequently looked to extract more data from law firms concerning their operations and the individuals employed by them and set certain criteria such as completing a minimum volume of transactions. Thousands of firms have found themselves removed from lender panels even though they had an exemplary track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Many firms found it impossible meet the minimum amount of transactions the mortgage companies set.
I purchased a freehold premises in Twickenham Park but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Twickenham Park and has limited impact for conveyancing in Twickenham Park 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 lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
We are expecting a mortgage offer soon. The bank mentioned the loan came with free conveyancing. Does this mean I have to appoint their panel conveyancer as I would prefer to appoint a Twickenham Park based conveyancing firm?
Do check but the chances are that appoint one of their panel solicitors if you want the "fee-free" incentive. Contact the bank to ask if they offer you a monetary alternative. Some mortgage companies have previously offered a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor in Twickenham Park.
I have justbecome aware that Arc property Solicitors have closed. They carried out my conveyancing in Twickenham Park for a purchase of a freehold house 18 months ago. How can I be sure that my home is in my name in the name of the previous owner?
The quickest way to check if the property is in your name, you can make 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 Twickenham Park conveyancing specialists.
Over the last few months I have been searching for a flat up to £195,000 and identified one near me in Twickenham Park I like with a park and transport links in the vicinity, the downside is that it's only got 49 remaining years left on the lease. I can't really find anything else in Twickenham Park suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you require a mortgage the shortness of the lease may be problematic. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of 2 years you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
Are there any apps to assist me to identify a Twickenham Park solicitor on the Barnsley Building Society conveyancing panel? I have wheels and am willing to travel upto 25miles to meet the solicitor.
Feel free to make use of the facility on this website. Please choose the bank and your location and you will see a number of Twickenham Park conveyancing lawyers locally. We have detailed some Twickenham Park conveyancing firms at the bottom of this page and you can contact them to verify if they are on the Barnsley Building Society member panel