I am the registered owner of a freehold house in Castle Donington but still pay rent, why is this and what is this?
It’s unusual for properties in Castle Donington and has limited impact for conveyancing in Castle Donington 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 establishment of new rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
A friend advised me that in purchasing a property in Castle Donington there could be a number of restrictions prohibiting external alterations to the property. Is this right?
There are a number of properties in Castle Donington which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in Castle Donington should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Is it correct that all Castle Donington CQS (Conveyancing Quality Scheme) solicitors are on the Nationwide conveyancing panel?
A selection of banks and building societies now use CQS as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however is no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for solicitor practices wishing to join their approved list of conveyancing solicitors.
I have a mortgage with Lloyds for my property in Castle Donington. Conveyancing has been completed a year ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Lloyds?
Your original mortgage agreement with Lloyds will provide that you need their approval in advance of renting your property as this is likely to be a breach of Lloyds’s mortgage conditions. It may be that Lloyds will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Lloyds directly. It should not be necessary to do this via a Lloyds conveyancing panel firm.
Just had an offer accepted on a new build apartment in Castle Donington. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Castle Donington
-
Please confirm the Lease plans are architect prepared. There must be mutual enforceability of lessee’s covenants. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Forfeiture - bankruptcy or liquidation must not apply under this provision.
Is it possible to transfer to a new solicitor as I need to select one who is on the Skipton Building Society conveyancing panel. I had appointed a family conveyancing solicitor in Castle Donington round the corner but she is not accepted by Skipton Building Society
It would be our pleasure to assist you select a conveyancing solicitor in Castle Donington on the Skipton Building Society panel. Please note that the solicitors that we list do not pay us fee if you instruct them and are under regulation of the Solicitors Regulation Authority who regulate all conveyancing solicitors in Castle Donington. Using the find a conveyancing solicitor tool on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Castle Donington.
I am looking for a conveyancing practitioner in Castle Donington for my house move. Can I review a firm’s complaints history with the profession’s regulator?
Members of the public can find presented Solicitor Regulator Association (SRA) determinations resulting from inquisitions from 2008 onwards. Go to Check a solicitor's record. To find information Pre 2008, or to check a solicitors history, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, use +44 (0)121 329 6800. The SRA may monitor telephone calls for training requirements.
I've recently bought a leasehold flat in Castle Donington. Am I liable to pay service charges relating to a period prior to my ownership?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Leasehold Conveyancing in Castle Donington - Examples of Questions you should consider before buying
-
Is the freehold reversion owned collectively by the tenants? Is anyone aware of any major works anticipated that will likely add a premium to the maintenance charges? Does this lease have more than 90 years unexpired?