I am the registered owner of a freehold premises in Buckden but still invoiced for rent, why is this and what is this?
It is rare for properties in Buckden and has limited impact for conveyancing in Buckden 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 new 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 in 2037 is to be extinguished.
The deeds to my house can not be found. The lawyers who conducted the conveyancing in Buckden 4 years ago are no longer around. What are my next steps?
Gone are the days when you need to have the physical official documentation to evidence that you are the registered proprietor of land or property, given that the Land Registry have everything they need in a digital format.
How does conveyancing in Buckden differ for new build properties?
Most buyers of new build property in Buckden approach us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is completed. This is because house builders in Buckden usually purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Buckden or who has acted in the same development.
Do I need to be wary by brokers that I am dealing with are suggesting a factory type conveyancing firm as opposed to a High Street Buckden conveyancing firm?
As is the case with lots of professional services, often recommendations from family and friends can be extremely useful or valuable. But there are lots of people with a keen interest in a conveyancing matter; estate agents, mortgage brokers and mortgage companies may suggest lawyers to retain. Sometimes the conveyancers might be known to one of the organisations as experts in their field, but occasionally there behind the scenes commercial relationship behind the recommendation. You are at liberty to select your preferred lawyer. You need to be aware that many banks specify a panel list of conveyancers you are obliged to use for the lender related work in your house move.
Should I go with a Buckden conveyancing practitioner based in the location that I am buying? I have an old university friend who can carry out the legal work but his firm is located 400miles away.
The primary upside of using a high street Buckden conveyancing practice is that you can pop in to execute paperwork, hand in your ID and pester them if necessary. They will also have local intelligence which is a bonus. However it's more important to get someone that will pull out all the stops for you. If other friends have used your friend and in the main were content that must outweigh using an unknown Buckden conveyancing solicitor just because they are based in the area.
We are buying a three bedroom ground floor flatin Buckden with a mortgage from a lender. We wish to instruct our solicitor in Buckden yet our lender advise she’s not listed on their "panel". Apparently we need to choose from the our lender panel solicitors or stay with our Buckden conveyancer and incur the extra legals for one of their panel ones to represent our bank. We feel as though this is unjust; is there anything we can do?
Unfortunately,no. The bank mortgage issued is subject to its terms and conditions, one of which will be that lawyers will on the bank's conveyancing panel. in the past, most mortgage companies had large numbers of law firms on their panels, including many conveyancing solicitors in Buckden : a mortgagee could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for your bank.