I am the registered owner of a freehold property in Bewdley but nevertheless invoiced for rent, why is this and what is this?
It is rare for properties in Bewdley and has limited impact for conveyancing in Bewdley 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.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
Is there a search tool that I can utilise to discover of the solicitor carrying out my conveyancing in Bewdley is on the bank’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Nationwide Building Society thus paying £187.00 plus VAT in further legal bill.
Please do take advantage of the search tool on this site. Please choose the mortgage company and type ‘Bewdley’ or your preferred area and you will see a number of lawyer offices in Bewdley or nearest you.
Will our lawyer be making enquiries regarding flooding during the conveyancing in Bewdley.
The risk of flooding is if increasing concern for solicitors specialising in conveyancing in Bewdley. Plenty of people will purchase a property in Bewdley, fully aware that at some time, it may be flooded. However, aside from the physical destruction, where a house is at risk of flooding, it may be difficult to obtain a mortgage, adequate insurance cover, or sell the property. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Lawyers are not best placed to impart advice on flood risk, but there are a numerous checks that can be undertaken by the buyer or on a buyer’s behalf which will figure out the risks in Bewdley. The conventional set of property information forms sent to a purchaser’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a standard inquiry of the vendor to discover if the property has suffered from flooding. If flooding has previously occurred which is not revealed by the vendor, then a buyer may bring a legal claim for losses as a result of such an inaccurate response. A purchaser’s solicitors should also commission an environmental search. This will higlight whether there is any known flood risk. If so, further inquiries should be carried out.
It has been four months since my purchase conveyancing in Bewdley concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in two weeks back in what should have been a straight forward, chain free conveyancing. Bewdley is the location of the property. Is there any guidance you can give?
Flying freeholds in Bewdley are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Bewdley you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bewdley may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
In scouring the web for the phrase on line conveyancing in Bewdley it brings up numerous conveyancersin the area. How do I determine which is the right conveyancing solicitor for my move?
The ideal method of choosing the right conveyancer is via personal referral, so enquire of colleagues and family who have bought a property in Bewdley or the reputable estate agent or financial adviser. Costs for conveyancing in Bewdley differ, so it's advisable to obtain a minimum of four costs illustrations from varying types of property lawyers. Make sure that you clarify that the charges are assured not to rise.