In the event thatI was to purchase a simple residential propertyin Burwell mortgage fee and dispense with a survey and no conveyancing searches how much should I expect to to save on my conveyancing in Burwell?
Any savings you would achieve would be limited to the Burwell conveyancing searches. A property lawyer is required to do the vast majority of work - money laundering, liaising with the sellers solicitor, stamp duty return, register the ownership etc. You might save a bit for them not needing to register a charge however it won't be a lot.
I am the registered owner of a freehold premises in Burwell but still pay rent, why is this and what is this?
It’s unusual for properties in Burwell and has limited impact for conveyancing in Burwell 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 many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges post 1977.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
Do I find a Licenced Conveyancer or Solicitor for conveyancing in Burwell?
There are many registered licenced Conveyancers in Burwell and Solicitor partnerships in Burwell who can help with your conveyancing We would stress that both are supervised by regulatory bodies with both specialising in the legal aspects of transferring property. The two can conduct associated property related work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
We had appointed conveyancers based in Burwell on the Principality solicitor approved list. They have just billed me a further charge for handling the Principality mortgage. Is this an additional conveyancing fee set by Principality?
Provided it is contained in their Terms and Conditions or estimate then yes your conveyancing practitioner is entitled to levy a fee for this. This charge is not set by Principality but by your Burwell conveyancer. Numerous firms on the Principality panel will quote an ‘acting for lender’ fee and others do not.
We are getting a further advance on our home loan from HSBC as we intend to conduct improvements to our home in Burwell. Are we obliged to appoint a local Burwell solicitor on the HSBC conveyancing panel to deal with the paperwork?
HSBC do not ordinarily appoint a member of their approved list of lawyers to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the HSBC list.
My partner and I are selling our house in Burwell and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. A local lawyer would know that there is no such problem. For the life of me I don't know why the purchasers used a national conveyancing firm as opposed to a conveyancing solicitor in Burwell. We have lived in Burwell for 5 years we know that this is a non issue. Should we contact our local Authority to get confirmation need.
It would appear that you have a conveyancing firm currently acting for you. Are they able to advise? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
Have completed on a a semi-detached house in Burwell , What is the estimated time for the Land Registry to deal with the formalities evidencing my proprietorship? My Burwell conveyancing solicitor has been painfully slow, so I want to be certain the registration is addressed.
As far as conveyancing in Burwell registration is no quicker or slower than the rest of England and Wales. Rather than based on location, timeframes can differ depending on the party submitting the application, whether it is in order and if the Land registry must send notices to any third persons or bodies. Currently in the region of three quarters of such applications are completed within 12 days but some can be subject to protracted delays. Historically registration is effected after the new owner is living at the premises therefore registration formalities is not always an essential issue but where there is a degree of urgency associated with the registration then you or your lawyers could communicate with the Registry to express the reasoning for the application to be prioritised.
I opted to have a survey carried out on a property in Burwell before appointing conveyancers. I have been informed that there is a flying freehold aspect to the house. Our surveyor advised that some banks will not issue a mortgage on a flying freehold house.
It depends who your proposed lender is. Bank of Scotland has different requirements from Nationwide. If you contact us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Burwell. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Burwell to see if the conveyancing will be more expensive.