I purchased a freehold property in Altrincham but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Altrincham and has limited impact for conveyancing in Altrincham 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 post 1977.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
What is the difference between a licensed conveyancer and conveyancing solicitor in Altrincham
Two types of professional can do conveyancing in Altrincham namely CLC regulated conveyancers or solicitors. Both professionals provide conveyancing services that you need to complete the sale or purchase of property. Both are required to conduct Altrincham conveyancing on similar quality and guidelines so you may be safe in the knowledge that your conveyancing will be professionally carried out and that all requisite steps will be appropriately adhered to.
I am the single recipient of my late grandmother’s estate with all property in now in my sole name, including the house in Altrincham. Conveyancing formalities meant that the Land Registry date was in September. I plan to dispose of the property. I understand that there is a Mortgage Lenders six month 'rule', which means that my proprietorship may be treated the same way as if I'd bought the property in September. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be impacted by that. How sensible a view lenders take of it, depend on the lender as this obligation chiefly exists to pick up on the purchase and immediately sell or the quick reselling of property.
Are all Altrincham Conveyancing Quality Solicitors on the Kent Reliance conveyancing panel?
It is true that some banks and building societies now use the accreditation scheme as the kick off point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to remain on their approved list of firms.
A colleague suggested that if I am buying in Altrincham I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually included in the estimate for your Altrincham conveyancing searches. It is not a small report of about 40 pages, listing and setting out significant information about Altrincham around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Altrincham Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with plans and statistics, Local Amenities and other useful data regarding Altrincham.
Are there restrictive covenants that are commonly picked up during conveyancing in Altrincham?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Altrincham. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
My step-father has recommend that I appoint his lawyers for conveyancing in Altrincham. Should I use them?
No doubt it’s preferable to choose a conveyancing practitioner is to seek guidance from friends or relatives who have actually used the solicitor that you are contemplating using.
Our financial adviser has suggested using their conveyancing practitioner for the conveyancing in Altrincham - Surely it’s advisable to just instruct them?
This is not necessarily the case and you are free to instruct whichever lawyer of your choosing for your Altrincham home move. The property lawyer suggested by a 3rd party adviser may not always be the best property lawyer, they may recommend their own conveyancing firm who are based far away. In this instance you may not have contact with your lawyer and due to the lack of continuity in the transaction, it may be difficult to obtain updates.