We chose a local firm for our conveyancing in Heacham last week. Upon checking the fine print I seeI am liable for fees even if our purchase doesn't happen. Should I ditch them and appoint a web based conveyancing brokerage promising no completion no cost conveyancing in Heacham?
It is usually a trade off in that if "No Sale No Fee" is advertised then the fee levels will generally be more expensive to counteract those transactions that do not go ahead. Also remember that such offerings generally do not cover expenditure for example Heacham conveyancing search fees.
My fiance and I swapping mortgage lender for our flat in Heacham with Barclays. We have a son 18 who lives at home. Our solicitor requested us to identify anyone over the age of 17 other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the apartment is repossessed. I have two questions (1) Is this document specific to the Barclays conveyancing panel as he never had to sign this form when we remortgaged 4 years ago (2) Does our son by signing this giving up his entitlement to inherit the property?
First, rest assured that your Barclays conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Barclays. This is solely used to protect Barclays if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Barclays had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
I am the registered owner of a freehold house in Heacham but still invoiced for rent, why is this and what is this?
It’s unusual for properties in Heacham and has limited impact for conveyancing in Heacham 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 many centuries, but the Rent Charge Act 1977 barred the generation of new 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 extinguished.
Do I need to have a meeting at the offices of the solicitor to execute the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Heacham so that I can pop in to their offices if necessary.
These days approved lawyers for banks conduct all of the work through the post, internet or over the phone. This enables them to undertake the conveyancing transaction regardless of where you live in England or Wales. Nevertheless you should see if you can still book an appointment to visit conveyancing lawyer if you prefer.
I have todaybecome aware that Action Conveyancing have closed. They conducted my conveyancing in Heacham for a purchase of a leasehold apartment 18 months ago. How can I check that the property is not still registered in the name of the previous owner?
The quickest method to see if the premises is in your name, you can make 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 Heacham conveyancing specialists.
We are about to buying a flat in Heacham. Conveyancing is not yet done but we would like have our purchase price a secret from the likes of Nestoria. what can I do to make sure this is not disclosed?
The Land Registry by statute are obliged to specify price paid data on a register of the title for domestic properties countrywide which includes properties in Heacham. The Title Register is a public document, so HM Land Registry would be breaching their statutory duty if they did not grant access to the register.
In essence you can make a request of HMLR to hide the amount paid data yet the answer will be a No.