I own a freehold residence in Astwood Bank yet pay rent, why is this and what is this?
It’s unusual for properties in Astwood Bank and has limited impact for conveyancing in Astwood Bank 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 establishment of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
My uncle passed away six months ago and as sole heir and executor I was left the house in Astwood Bank. The house had a small mortgage left on it of around £5k. I want to have the title changed into my name whilst I re-mortgage to Virgin Money, pay off the mortgage. Is this allowed?
Where you plan to re-mortgage then Virgin Money will insist on your using a conveyancer on the Virgin Money conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Virgin Money conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Virgin Money mortgage is registered as a charge at the Land Registry.
I need some quick conveyancing in Astwood Bank as I am faced with pressure to complete inside 4 weeks. Thankfully I do not require a mortgage. Is it possible to escape the need for conveyancing searches to save fees and time?
As you are are a cash buyer you are at liberty not to do searches although no solicitor would suggest that you don't. Drawing on years of experience of conveyancing in Astwood Bank the following are examples of what can arise and therefore affect future saleability: Refused Planning Applications, Outstanding Fees, Outstanding Grants, Unadopted Roads,...
I have recentlybeen informed that Arc property Solicitors have closed. They carried out my conveyancing in Astwood Bank for a purchase of a leasehold apartment 9 months ago. How can I check that the property is registered correctly in the name of the previous owner?
The quickest way to check if the premises is in your name, you can carry out 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 Astwood Bank conveyancing specialists.
I have been pointed in your direction by a few property agents in Astwood Bank to locate a solicitor on your site. What’s the financial upside for Estate Agents to promote your lawyers ahead of a competitor’s?
We refuse to give any commission for directing people our way. We thought it would be too underhand to pay a commission as members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
How much experience do your Astwood Bank conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Astwood Bank conveyancing lawyers help thousands of buyers move home every year and supported plenty of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Astwood Bank conveyancers have worked on recent similar matters.