I am the registered owner of a freehold premises in Easthampstead but still pay rent, why is this and what is this?
It’s unusual for properties in Easthampstead and has limited impact for conveyancing in Easthampstead 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 generation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
We wanted to use a conveyancing solicitor in Easthampstead for our home move. Our financial adviser has since notified us that our bank Coventry Building Society won't deal with them. Why is this not regarded as unduly restrictive?
A mortgage company may direct that a panel conveyancer act for it. You would be liable to bear the cost of this. Please make use of our directory service to get a quote from a solicitor to conduct conveyancing in Easthampstead on the Coventry Building Society approved list of solicitors.
I have today made my last payment due on my mortgage with Yorkshire BS. I assume I don't need a Easthampstead conveyancer on the Yorkshire BS panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Yorkshire BS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Yorkshire BS mortgage from the register. Yorkshire BS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Yorkshire BS has sent the Land Registry the discharge electronically, and
- Yorkshire BS has instructed the Land Registry to do so
I am due to exchange contracts on my house. I had a double glazing fitted in April 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Bank of Ireland are being difficult. The Easthampstead solicitor who is on the Bank of Ireland conveyancing panel is recommending indemnity insurance as a solution but Bank of Ireland are insisting on a building regulation certificate. Why do Bank of Ireland have a conveyancing panel if they don't accept advice from them?
It is probably the case that Bank of Ireland have referred the matter to their valuer. The reason why Bank of Ireland may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Planning on purchasing a apartment in Easthampstead. 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 Barclays 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 Easthampstead lawyer is on the Barclays conveyancing panel.
Are there restrictive covenants that are commonly picked up during conveyancing in Easthampstead?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Easthampstead. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am looking for a leasehold apartment up to £195,000 and found one round the corner in Easthampstead I like with a park and railway links nearby, the downside is that it's only got 52 years unexpired on the lease. I can't really find anything else in Easthampstead for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you need a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of twenty four months you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer about this matter.
Are there any apps to help search for a Easthampstead solicitor on the Skipton Building Society conveyancing panel? I have a car and am willing to travel upto 25miles to meet the lawyer.
Feel free to make use of the search on this website. Please pick a bank and your location and you will see a number of Easthampstead conveyancing lawyers located nearest you. We have listed some Easthampstead conveyancing firms at the bottom of this page and you can call them to verify whether they are on the Skipton Building Society member panel