I am the registered owner of a freehold residence in Corbridge but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Corbridge and has limited impact for conveyancing in Corbridge 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 creation of fresh rentcharges post 1977.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
My grandmother passed away 10 months ago and as sole heir and executor I was left the house in Corbridge. The house had a small mortgage left on it of around £4500. I want to have the title changed into my name whilst I re-mortgage to Nationwide, pay off the mortgage. Is this possible?
If you plan to re-mortgage then Nationwide will insist on your using a conveyancer on the Nationwide conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Nationwide conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Nationwide mortgage is registered as a charge at the Land Registry.
After months of negotiation I have agreed a price on an apartment in Corbridge. My mortgage broker recommended their conveyancers. I paid an on account payment of £150. Shortly after, the solicitor called me to say that they were not on the Nationwide conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Nationwide panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
About to purchase flat in Corbridge. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Virgin Money conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Corbridge conveyancer is on the Virgin Money conveyancing panel.
My offer was accepted on a property in Corbridge on 26/2/2024, valuation was booked 4 days later, received a clean bill of health. Solicitor appointed, so all that was missing was my mortgage offer. Having made daily calls to Nationwide and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Nationwide conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Nationwide to deal with your lawyer's application to be on the Nationwide conveyancing panel. There's no guarantee that your solicitor will be accepted.
Do I need to pay for insurance to protect me from financial exposure to chancel repairs when buying a house in Corbridge?
Unless a previous acquisition of the house completed after 12 October 2013 you may take it that lawyers conducting conveyancing in Corbridge to continue to suggest a chancel search and or chancel repair liability policy.
My wife and I purchased a terraced Edwardian property in Corbridge. Conveyancing lawyer represented me and Godiva Mortgages Ltd. I did a free Land Registry search last week and there are two entries: one for freehold, the second leasehold under the matching address. If a house is not a freehold shouldn't I have been informed?
You should read 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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Corbridge and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the situation with the conveyancing practitioner who completed the work.
Is it true that a Corbridge conveyancing company got sued by a client for failing to conduct the right conveyancing searches?
We are not aware of such a Corbridge conveyancing claim but it has been reported that, clients purchasing a property elsewhere in England successfully sued their lawyer due to development plans to build a wind farm not being picked up in conveyancing searches.
Where you are contemplating buying a home in Corbridge It is essential that your lawyer carry out all Corbridge conveyancing searches necessary making sure that you have relevant and current information before purchasing a home in Corbridge.