I am the registered owner of a freehold premises in Gospel Oak yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Gospel Oak and has limited impact for conveyancing in Gospel Oak 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 establishment of fresh rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
I'm the only beneficiary of my late mum's will with all property in now in my sole name, including the my former home in Gospel Oak. Conveyancing formalities meant that the Land Registry date was in September. I now wish to sell up. I do know about the Mortgage Lenders six month 'rule', which means that my proprietorship will be treated the same way as if I'd bought the house in September. Will no one buy the property for half a year?
The CML handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be affected by that. How practical a view lenders take of it, depend on the bank as this requirement is primarily there to identify subsales or the wholesaling and assigning of property.
Last month we had a mortgage agreed in principle with HSBC. Gospel Oak conveyancing solicitors have been selected. What is the average time that one could expect to receive a mortgage offer from HSBC?
Some lenders take longer than others. Have HSBC done the survey? Have you advised HSBC as to your lawyers' details and checked that your lawyers are on the HSBC conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
We have agreed to purchase a house in Gospel Oak. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Clydesdale be concerned?
Given that you are obtaining a mortgage with Clydesdale your lawyer must comply with the conveyancing requirements contained in Part two of UK Finance Lenders’ Handbook for Clydesdale. The Council of Mortgage Lenders’ Handbook stipulates minimum requirements for solar panel roof-space leases, and property lawyers are required to report to Clydesdale where a lease fails to comply with these conditions. The specifications relate to the installation of panels on properties nationwide and is not isolated to Gospel Oak.
My wife and I have a semi-detached Victorian property in Gospel Oak. Conveyancing practitioner represented me and Santander. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, another for leasehold under the matching property. I thought I was buying a freehold how can I check?
You need to 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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Gospel Oak and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the situation with the conveyancing lawyer who completed the work.
How easy is it to transfer to a new conveyancer as I have to find one who is on the Godiva Mortgages Ltd conveyancing panel. I hired a local conveyancing solicitor in Gospel Oak five minutes from me but the firm is not accepted by Godiva Mortgages Ltd
We will our best to assist in finding you a conveyancing solicitor in Gospel Oak on the Godiva Mortgages Ltd panel. Please note that the law firms that we on the directory do not pay us commission if you instruct them and are fully regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Gospel Oak. In utilising search facility on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Gospel Oak.
I need to retain a conveyancing solicitor for purchase conveyancing in Gospel Oak. I've chance upon a site which seems to have the ideal solution If it is possible to get all the legals done via phone that would be ideal. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
What type of conveyancing services do Gospel Oak conveyancing solicitors typically advise on?
Almost all Gospel Oak conveyancing firms will offer a wide range of assistance to domestic and rural land owners, vendors, first time buyers, landlords and tenants which may include:
Property sale conveyancing in Gospel Oak and elsewhere in the country
Home purchase conveyancing in Gospel Oak and countrywide
Remortgaging including checking title details and obtaining the necessary searches to satisfy your bank Missing landlord applications by leaseholders to acquire their freehold Land Registry applications (adverse possession, lost deeds) Advice on purchasing property as co-owners