I purchased a freehold premises in Borth and Talybont yet invoiced for rent, why is this and what is this?
It is rare for properties in Borth and Talybont and has limited impact for conveyancing in Borth and Talybont 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 many centuries, but the Rent Charge Act 1977 barred the generation of fresh rentcharges post 1977.
Previous 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 dispensed with completely.
My bid for a property was accepted at auction in Borth and Talybont. Conveyancing is needed. What is next?
Given that you have now to in every practical sense signed on the dotted line you must find a conveyancing practitioner quickly as you are facing a pending deadline in which to complete the deal. All auction property should have an associated auction set of papers. This will likely include most,if not all of the paperwork that your conveyancer requires. In the case of leasehold premises the auction papers should provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork specific to leasehold premises. You must pass this on to the solicitor working for you as soon as possible. Do make sure that your finances are in place to complete the transaction on the set completion date.
Forgive me if this question is silly but I am unexperienced as FTB of a ground floor flat in Borth and Talybont. Do I receive the keys to the property on the completion date from my lawyer? If this is the case, I will appoint a High Street conveyancing solicitor in Borth and Talybont?
There is no need to visit the lawyers office on the day of completion. Your solicitors will transfer the completion advance to the seller's solicitors, and shortly after the monies have arrived, you will be able to collect the keys from the selling Agents and move into your new home. This tends to happen between 1 and 3pm.
I have paid off my mortgage with Nottingham. I assume I don't need a Borth and Talybont lawyer on the Nottingham panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Nottingham mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Nottingham mortgage from the register. Nottingham, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Nottingham has sent the Land Registry the discharge electronically, and
- Nottingham has instructed the Land Registry to do so
I used Action Conveyancing a few years past for my conveyancing in Borth and Talybont. I now require my file however the law firm is no longer operating. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Borth and Talybont of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I'm purchasing my first flat in Borth and Talybont benefiting from help to buy. The builders would not reduce the amount so I negotiated five thousand pounds worth of extras instead. The house builders rep suggested that I not to tell my lawyer about the deal as it would put at risk my mortgage with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I'm converting the mortgage on my current property to a BTL loan with Coventry Building Society and intend to use the remaining equity as a deposit on further house. The neighborhood we are looking at is Borth and Talybont. Will your lawyers be able to act for the two banks and link together the conveyances?
Make use of our comparison tool on this site to be sure that the conveyancers are approved by both mortgage companies. Assuming that they are your solicitor will be able to connect the two conveyancing matters but you should have a chat with you conveyancer and make apparent your expectations and needs.
My in 2006. He has got married, widowed and has recently remarried. He now wants to dispose of the Borth and Talybont property. I suspect that he will just be requested to provide a copy of the marriage certificates to the solicitor but he is worried it will frustrate the sale of the flat. Is it worth updating the Land Registry details for the property?
You are not required to bring up to date the title for the property providing you have the proof required to show how the change of name resulted.
The purchaser’s lawyer will examine the title information and requisition evidence to establish the name change for example marriage documentation.