I am the registered owner of a freehold property in Croydon but still pay rent, why is this and what is this?
It’s unusual for properties in Croydon and has limited impact for conveyancing in Croydon 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 creation of new rentcharges post 1977.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
Is it necessary during the course of the conveyancing process to pop into the offices of the solicitor to sign the legal charge? If so, I will instruct a firm who offer conveyancing in Croydon so that I can attend their offices when needed.
Nowadays approved lawyers for mortgage companies undertake the vast majority of communications via Royal Mail, internet or over the phone. This means that they can undertake the conveyancing transaction regardless of where you live in England or Wales. That being said you should see if you can still book an appointment to visit conveyancing lawyer if just in case this is required.
Have just purchased a repossessed house at auction in Croydon. Conveyancing is required. What are my next steps?
Having to all intents and purposes signed on the dotted line you now have to hire the services of a conveyancing lawyer quickly as you are facing a tight deadline in which to complete the property. An auction property should have a corresponding legal set of papers. This will likely include most,if not all of the documents that your lawyer requires. In the case of leasehold premises the auction pack should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork specific to leasehold premises. You need to hand this to the conveyancer working for you as soon as possible. You also need to ensure that your finances are in place to complete on the date specified in the contract.
My wife and I buying a terrace house in Croydon. Our aim is to carry out an extension to the side at the house.Will the conveyancing process include investigations to ascertain if these works are permitted?
Your solicitor should check the deeds as conveyancing in Croydon will on occasion reveal restrictions in the title deeds which prevent categories of alterations or require the permission of a 3rd party. Many extensions call for local authority planning consent and approval in compliance with building regulations. Many areas are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. It would be sensible to check these issues with a surveyor before you commit yourself to a purchase.
About to purchase house in Croydon. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Clydesdale 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 Croydon solicitor is on the Clydesdale conveyancing panel.
I need some fast conveyancing in Croydon as I am faced with pressure to complete inside 4 weeks. Luckily I do not require a mortgage. Is it possible to decline from having conveyancing searches to save money and time?
As you are not obtaining a home loan you are at liberty not to do searches although no lawyer would recommend that you don't. Drawing on years of experience of conveyancing in Croydon the following are examples of what can be revealed and adversely affect the marketability of the property: Refused Planning Applications, Outstanding Fees, Outstanding Grants, Railway Schemes,...
The deeds to my home can not be found. The lawyers who handled the conveyancing in Croydon 10 years ago no longer exist. What are my options?
You no longer need to have the physical official documentation to establish that you are the registered proprietor of land or premises, as the Land Registry have everything they need in a digital format.
Due to the encouragement of my in-laws I had a survey completed on a property in Croydon before retaining lawyers. I have been informed that there is a flying freehold aspect to the house. My surveyor advised that some lenders tend refuse to grant a loan on a flying freehold house.
It varies from the lender to lender. Santander has different instructions for example to Birmingham Midshires. If you e-mail us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Croydon. Conveyancing will be smoother if you use a solicitor in Croydon especially if they are accustomed to such properties in Croydon.