I purchased a freehold premises in Glossop but nevertheless invoiced for rent, why is this and what is this?
It is rare for properties in Glossop and has limited impact for conveyancing in Glossop 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 new rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
Please explain the implications if my lawyer’s firm is suspended from the HSBC Conveyancing panel ahead of completing my conveyancing in Glossop?
First, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
My stepmother advised me that in buying a property in Glossop there may be a number of restrictions limiting what one can do in terms of external changes to the property. Is this right?
There are anumerous of properties in Glossop which have some sort of restriction or requirement of consent to carry out external alterations. Part of the conveyancing in Glossop should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Is it the case that all Glossop CQS (Conveyancing Quality Scheme) solicitors are on the Coventry BS conveyancing list of approved practices?
A selection of banks and building societies now make use of CQS as the kick off point for Panel membership such as HSBC and Santander. CQS membership however is no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to join their panels.
is it true that all Glossop solicitor firms on the Co-operative conveyancing panel are regulated by the SRA?
As a firm of solicitors, in order to be on the Co-operative approved list of solicitors they would need to be overseen by the SRA. The majority of mortgage companies do list licenced conveyancers on their panel and in that case the organisation would be regulated by the Council of Licensed Conveyancers.
I need some fast conveyancing in Glossop as I am faced with pressure to exchange contracts in less than one month. A mortgage is not required. Can I avoid the conveyancing searches to save money and time?
As you are not taking a mortgage you have the choice not to have searches conducted although no solicitor would recommend that you don't. Drawing on our experience of conveyancing in Glossop the following are instances of what can show up and therefore affect the marketability of the property: Enforcement Notices, Outstanding Charges, Overdue Grants, Railway Schemes,...
What does commercial conveyancing in Glossop cover?
Commercial conveyancing in Glossop incorporates a wide range of guidance, supplied by regulated solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
My husband and I are new to the buying process - had an offer accepted, yet the property agent informed us that the owners will only go ahead if we use their chosen solicitors as they need an ‘expedited deal’. Our preferred option is to instruct a family solicitor used to conveyancing in Glossop
It is improbable the vendors are behind this. Should the owner desire ‘a quick sale', alienating a serious buyer is counter productive. Speak to the vendors direct and make the point that (a)you are genuine buyers (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you wish to move quickly (e)but you intend to use your own,trusted Glossop conveyancing solicitors - as opposed tothe ones that will give their negotiator at the agency a commission or achieve conveyancing targets demanded by head office.