I am the registered owner of a freehold premises in Alrewas but still charged rent, why is this and what is this?
It is rare for properties in Alrewas and has limited impact for conveyancing in Alrewas 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 creation of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
I am buying a flat and need a conveyancing solicitor in Alrewas who is on the Godiva Mortgages Ltd conveyancing. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Godiva Mortgages Ltd in certain locations such as Alrewas. We dont recommend any particular firm.
Will our lawyer be asking questions concerning flooding during the conveyancing in Alrewas.
Flooding is a growing risk for conveyancers dealing with homes in Alrewas. There are those who acquire a house in Alrewas, completely aware that at some time, it may be flooded. However, aside from the physical damage, if a property is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or dispose of the premises. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Lawyers are not best placed to give advice on flood risk, however there are a various checks that may be initiated by the purchaser or by their solicitors which should give them a better understanding of the risks in Alrewas. The conventional set of completed inquiry forms supplied to a buyer’s lawyer (where the Conveyancing Protocol is adopted) contains a usual question of the vendor to find out if the property has suffered from flooding. In the event that flooding has previously occurred and is not notified by the vendor, then a purchaser may issue a legal claim for losses as a result of such an inaccurate response. A buyer’s conveyancers will also order an enviro search. This will indicate if there is any known flood risk. If so, more detailed investigations should be carried out.
Due to the input of my in-laws I had a survey completed on a house in Alrewas prior to instructing conveyancers. I have been advised that there is a flying freehold overhang to the property. My surveyor advised that some mortgage companies will refuse to issue a loan on this type of house.
It depends who your proposed lender is. Lloyds has different requirements from Halifax. Should you wish to call us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Alrewas. Conveyancing may be slightly more expensive based on your lender's requirements.
Do I need to be wary that brokers that I am dealing with are recommending a national conveyancing firm as opposed to a local Alrewas conveyancing firm?
As is the case with lots of professional services, often input from connections can be extremely useful or valuable. But there are numerous parties with a vested interest in a conveyancing transaction; estate agents, mortgage brokers and banks may suggest conveyancers to retain. On occasion these conveyancers might be known to one of the organisations as one of the best in their field, but occasionally there may be a commercial relationship behind the recommendation. You have the discretion to choose your preferred conveyancer. Don't forget that many banks have an approved list of law firms you are obliged to use for the lender aspect of your house move.
I have been sourcing a conveyancing practitioner in Alrewas for my purchase. Is there any facility to review a firm’s record with the profession’s regulator?
You can see documented Solicitor Regulator Association (SRA) determinations resulting from investigations from 2008 onwards. Visit Check a solicitor's record. For details about the period before 1 January 2008, or to check a solicitors record, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, call +44 (0)121 329 6800. The SRA sometimes monitor call for training purposes.