I am the registered owner of a freehold property in London but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in London and has limited impact for conveyancing in London 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 many centuries, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges post 1977.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
We are expecting a mortgage offer soon. The lender mentioned the home loan came with free conveyancing. Does this mean I have to appoint their panel conveyancer as I would prefer to appoint a London based conveyancing firm?
Do check but the the likelihood is that give you one of their panel conveyancers if you want the "fee-free" incentive. Call the bank and ask if they make available a cash alternative. In the past a few lenders offered a £250 cashback as an alternative in which case that money can go towards the cost for your conveyancing solicitor in London.
My wife and I are buying a house in London. I might seem paranoid but how we can trust a conveyancer? At some point we have to send money into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Is there a list of Santander panel solicitors in London on the Council of Mortgage Lender’s Website?
No. There is no such directory service on the Council of Mortgage Lenders or Building Society Association websites. A small selection of mortgage companies make their panel listings viewable online. Where you are in need of a London lawyer on the Santander please use our tool.
Leeds Building Society have agreed my mortgage in principle, my bid on a house in London has been agreed to, what are the next steps?
The property agent will wish to be informed of your lawyer's details (be sure the lawyers are on the lender’s panel). Call up Leeds Building Society or the financial adviser and finalise any appropriate paperwork. Leeds Building Society will sellect a valuer who will get in contact with the selling agent or seller to arrange a slot for the valuation to take place. Once carried out (assuming no problems) it takes about a fortnight to get a mortgage offer. Leeds Building Society will issue the offer to you and your conveyancers. The transaction will then take it’s course according the nature and complexity of the conveyancing in London.
Are there restrictive covenants that are commonly identified during conveyancing in London?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in London. 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…’
My husband and I are new to the buying process - had an offer accepted, but the selling agent informed us that the vendor will only go ahead if we instruct the agent's chosen solicitors as they need an ‘expedited deal’. Our preferred option is to instruct a family conveyancer who is accustomed to conveyancing in London
It is highly unlikely the owners are driving this. If they want ‘a quick sale', alienating a motivated buyer is is going to put the whole deal at risk. Avoid the agents and go straight to the owners and make the point that (a)you are motivated purchasers (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you wish to move quickly (e)however you are going to use your preferred London conveyancing lawyers - not the ones that will give the negotiator at the agency a introducer fee or meet his conveyancing thresholds demanded by senior management.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the mortgage company conveyancing panel. My lawyer has said that they are on the bank approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the mortgage company conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the mortgage company solicitor panel.