I am the registered owner of a freehold property in Berwick Upon Tweed but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Berwick Upon Tweed and has limited impact for conveyancing in Berwick Upon Tweed 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 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 is to be dispensed with completely.
How do I investigate if the solicitor handling my conveyancing in Berwick Upon Tweed is on the bank’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Clydesdale thus paying £192.00 in another set of conveyancing costs.
You should take advantage of the find a conveyancing panel solicitor tool on this site. Please choose the lender and type ‘Berwick Upon Tweed’ or your preferred area and you will discover a number of lawyer located in Berwick Upon Tweed or by proximity to you.
My solicitor has informed me that defective lease insurance is necessary on my purchase. What is the level of cover for Berwick Upon Tweed conveyancing?
The right level of defective lease indemnity insurance depends on your lender. It would differ for example between Nationwide Building Society and Bank of Scotland. Conveyancing practitioners as opposed to borrowers take out such insurances.
We previously selected conveyancers based in Berwick Upon Tweed on the Leeds Building Society solicitor approved list. They are now charging me a further charge for dealing with the Leeds Building Society mortgage. Is this a supplemental conveyancing fee specified by Leeds Building Society?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your lawyer can levy a fee for this. The charge is not dictated by Leeds Building Society but by your Berwick Upon Tweed lawyer. Some firms on the Leeds Building Society panel will quote ’dealing with mortgage’ fee and others do not.
Having read lots of mortgage guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Berwick Upon Tweed solicitor - who is on the RBS conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
RBS will need an independent valuation of the property. Your lawyer will not arrange this. Usually RBS will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Berwick Upon Tweed surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
I'm refinancing my existing house to a buy to let mortgage with Santander and I will use the ballance of the raised equity towards further property. The neighborhood we are interested in is Berwick Upon Tweed. Will your solicitors be able to act for the two banks and link together the conveyances?
Do use our comparison tool on this page to ensure that the lawyers are on the relevant lender panels. Assuming that they are the solicitor will be able to tie up the two deals but you should have a chat with you conveyancer and communicate your expectations and requirements.
I am looking for a conveyancing lawyer in Berwick Upon Tweed for my house move. Is there any facility to check a firm’s record with the profession’s regulator?
One can find presented Solicitor Regulator Association (SRA) determinations resulting from investigations commenced on or after 1 January 2008. Visit Check a solicitor's record. To find details Pre 2008, or to check a firm's history, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, call +44 (0)121 329 6800. The SRA sometimes monitor call for training reasons.
Our offer on house in Berwick Upon Tweed was agreed to, the vendor does however have a connected purchase. The current proprietors have put an offer on a property, however it’s not been accepted yet, and are looking at other properties booked. I have instructed a nearby conveyancing lawyer in Berwick Upon Tweed. What should be my next step? When do I get the mortgage application with RBS started with RBS?
It is understandable to have apprehensions where there is an associated chain as you are unlikely to want to incur expenses too early (home loan application is approx £1k, then valuation, Berwick Upon Tweed conveyancing search fees, etc). First, you must check that your solicitor is on the RBS approved list. Regarding the subsequent stages this very much dictated by the circumstances of your case, desire for this property and on the state of the market. During a buoyant market many buyers would apply for the mortgage with RBS and pay for the valuation and only if it comes back ok would they pay their property lawyer to move forward with searches.