I am the registered owner of a freehold property in Forest of Dean but still charged rent, why is this and what is this?
It is rare for properties in Forest of Dean and has limited impact for conveyancing in Forest of Dean 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 post 1977.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
There is lots of information on this site regarding conveyancing in Forest of Dean but can you isolate your top tip for appointing the right conveyancer in Forest of Dean
Do not opt for the cheapest Forest of Dean conveyancing fees. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
Forgive me if this question is silly but I am unexperienced as a first time purchaser of a ground floor flat in Forest of Dean. Do I collect the keys to the property on the completion date from my solicitor? If so, I will instruct a High Street conveyancing solicitor in Forest of Dean?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will transfer the purchase money to the vendor’s conveyancers, and once they have received this, you should be called to collect the keys from the Estate Agents and start moving into the property. This tends to happen between 1 and 3pm.
We had selected conveyancers located in Forest of Dean on the Coventry BS solicitor panel. They have just invoiced me a separate sum for handling the Coventry BS mortgage. Is this a supplemental conveyancing fee set by Coventry BS?
As unfair as it may seem, as long as it’s in their Terms and Conditions or estimate then yes your property lawyer is entitled to charge a fee for this. This charge is not set by Coventry BS but by your Forest of Dean conveyancer. Some firms on the Coventry BS panel will quote an ‘acting for lender’ fee but plenty of practices include it on their overall fee.
I have justfound out that Wolstenholmes have closed. They carried out my conveyancing in Forest of Dean for a purchase of a leasehold apartment 18 months ago. How can I be sure that the property is registered correctly in the name of the former proprietor?
The easiest method to check if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Forest of Dean conveyancing specialists.
I opted to have a survey done on a property in Forest of Dean prior to instructing lawyers. I have been told that there is a flying freehold element to the property. The surveyor has said that some mortgage companies will not grant a loan on such a premises.
It depends who your proposed lender is. Santander has different requirements from Halifax. If you e-mail us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Forest of Dean. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Forest of Dean to see if the conveyancing costs will increase in light of this.
We're novice buyers - had an offer accepted, yet the property agent advised that the vendor will only proceed if we use their preferred solicitors as they need an ‘expedited deal’. We would rather use a family conveyancer used to conveyancing in Forest of Dean
We suspect that the seller is unaware of this demand. If they desire ‘a quick sale', turning down a serious purchaser is likely to cause more damage than good. Avoid the agents and go straight to the sellers and make sure they comprehend that (a)you are genuine purchasers (b)you are ready to go, with finances arranged © you are chain free (d) you wish to move quickly (e)however you are going to instruct your preferred Forest of Dean conveyancing lawyers - as opposed tothe ones that will give the estate agent a commission or hit his conveyancing figures set by HQ.
Me and my husband are disposing of a Forest of Dean bungalow left to us six years ago in 2012. I have over 12 years conveyancing know-how and, although retired, see no reason not to do my own conveyancing. The purchaser's lawyer has informed me that their Lenders will not allow you to do your own conveyancing insisting the funds to be sent to a solicitor's bank account.
Lending instructions to lawyers from all CML members specify that If the vendor is not legally represented the buyer’s lawyers should check whether the bank needs to be notified so that a decision can be reached as to whether they are willing to proceed.