I am the registered owner of a freehold residence in Cambourne but still invoiced for rent, why is this and what is this?
It is rare for properties in Cambourne and has limited impact for conveyancing in Cambourne 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.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
A relative pointed out to me me that in buying a property in Cambourne there may be a number of restrictions affecting the ability to carry out external changes to a property. Is this right?
There are anumerous of properties in Cambourne which have some sort of restriction or requirement of consent to carry out external variations. Part of the conveyancing in Cambourne should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We had instructed conveyancing lawyers based in Cambourne on the Yorkshire BS solicitor panel. They have just invoiced me an additional charge for dealing with the Yorkshire BS mortgage. Is this a supplemental conveyancing fee set by Yorkshire BS?
As unfair as it may seem, as long as it’s in their Terms of Engagement or Quote then yes your property lawyer is entitled to charge a fee for this. This charge is not set by Yorkshire BS but by your Cambourne property lawyer. Numerous firms on the Yorkshire BS panel will levy ’dealing with mortgage’ fee but plenty of firms include it on their overall fee.
We have a mortgage agreed in principle with Aldermore. Cambourne conveyancing practitioners were selected. How long does it take for Aldermore to send the offer to the property lawyer?
Some lenders take longer than others. Have Aldermore done the survey? Have you informed Aldermore as to your lawyers' details and checked that your lawyers are on the Aldermore conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
Various internet forums that I have visited warn that are the number one reason for stalling in Cambourne conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the findings of research by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of hindrances during the legal transfer of property. Searches are unlikely to feature in any slowing down conveyancing in Cambourne.
I opted to have a survey completed on a property in Cambourne before instructing conveyancers. I have been informed that there is a flying freehold overhang to the house. My surveyor has said that some banks will refuse to give a loan on this type of premises.
It depends who your proposed lender is. Santander has different requirements from Birmingham Midshires. Should you wish to telephone us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Cambourne. Conveyancing may be slightly more expensive based on your lender's requirements.
Taking into account that I am about to spend over three hundred thousand on a property in Cambourne I wish to have a conversation with the solicitor about myconveyancing prior to appointing the firm. Is this something that you can arrange?
This is something that we recommend - we would be pleased to talk to you we do not take any clients on without you liaising with the conveyancer who will be carrying out your property ownership legalities in Cambourne.There is no ‘factory style conveyancing’ - every client is an important individual, not a file reference. The law firms that we put you in touch with believe that the fees you are provided with for residential conveyancing in Cambourne should be the amount on the final invoice that you are charged.
I am searching for Cambourne online conveyancing estimates. Can I be sure that all the Cambourne practices that are listed on your site are on the mortgage company conveyancing panel?
The law firms on our directory have advised us that they are on the bank panel and agreed to advise us to take down their listing in the event of removal off of the mortgage company panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific Cambourne conveyancing solicitor being on the bank conveyancing panel is not accurate.