I own a freehold premises in Capel St Mary yet pay rent, why is this and what is this?
It’s unusual for properties in Capel St Mary and has limited impact for conveyancing in Capel St Mary 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 from 1977 onwards.
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 extinguished.
My wife and I have a semi-detached Edwardian house in Capel St Mary. Conveyancing lawyer represented me and Barclays . I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold with the exact same address. If a house is not a freehold shouldn't I have been informed?
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Capel St Mary and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the position with your conveyancing lawyer who conducted the purchase.
I am buying my first flat in Capel St Mary with a mortgage from Lloyds TSB Bank. The sellers refused to budge the amount so I negotiated £7000 of additionals instead. The estate agent told me not to tell my conveyancer about this deal as it may affect 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.
Due to the input of my in-laws I had a survey completed on a property in Capel St Mary ahead of appointing lawyers. I have been told that there is a flying freehold overhang to the house. Our surveyor has said that some banks may not issue a mortgage on a flying freehold home.
It depends who your proposed lender is. HSBC has different instructions from Halifax. If you contact us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Capel St Mary. Conveyancing may be slightly more expensive based on your lender's requirements.
Taking into account that I will soon spend over three hundred thousand on a property in Capel St Mary I would like to talk to a lawyer concerning thehome move in advance of instructing the firm. Is this something that you can arrange?
We could not agree more - it is our preference to talk to you we do not take any clients on without you speaking to the conveyancer due to be carrying out your property ownership legalities in Capel St Mary.There is no ‘factory style conveyancing’ - every client is an important person, not a case reference. The solicitors that we put you in touch with believe that the figure you are provided with for your conveyancing in Capel St Mary should be the figure that you are charged.
I am using a search engine for the term cheap conveyancing in Capel St Mary it reveals numerous property lawyersin the vicinity. How do I determine which is the suitable conveyancer for me?
The best way of seeking the right conveyancer is through a trusted testimonial, so seek the guidance of friends and those you trust who have bought a property in Capel St Mary or a reputable estate agent or mortgage broker. Fees for conveyancing in Capel St Mary vary, so it's sensible to request at least three costs illustrations from varying types of solicitors. Dont forget to clarify what costs in the quote includes.