I own a freehold property in Lyddington but still invoiced for rent, why is this and what is this?
It is rare for properties in Lyddington and has limited impact for conveyancing in Lyddington 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 post 1977.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
My aunt advised me that in purchasing a property in Lyddington there could be various restrictions as to what one can do in terms of external changes to a property. Is this right?
There are anumerous of properties in Lyddington which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in Lyddington 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 Lyddington solicitor practices on the Virgin Money conveyancing panel are governed by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Virgin Money conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many banks do allow licenced conveyancers on their panel and in that case the firms would be regulated by the CLC.
My fiancee and I are in the throws of looking at apartments in Lyddington and I am about to put in an offer. Is it sensible to have my lawyer on ‘stand by’? I will be getting a mortgage with Santander.
You should start requesting conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their details on to the estate agent. Given that you are taking out a mortgage with Santander, ask your prospective lawyers if they are on the Santander conveyancing panel otherwise they can't do the mortgage legal work.
I have been told that property searches are the main reason for delay in Lyddington conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) released determinations of a review by MoveWithUs that conveyancing searches do not feature within the most frequent causes of hindrances during the legal transfer of property. Searches are unlikely to be the root cause of holding up conveyancing in Lyddington.
How does conveyancing in Lyddington differ for newly converted properties?
Most buyers of new build residence in Lyddington approach us having been asked by the seller to exchange contracts and commit to the purchase even before the property is finished. This is because builders in Lyddington tend to purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Lyddington or who has acted in the same development.
Is it best to choose a Lyddington conveyancing practitioner in close proximity to the house I am buying? We have a good friend who can handle the conveyancing however his firm is located over three hundred miles away.
The primary upside of using a local Lyddington conveyancing practice is that you can pop in to sign documents, hand in your identification documents and apply pressure on them where appropriate. They will also have local intelligence which is a bonus. However nothing is more important than finding someone that will pull out all the stops for you. If you know people who used your friend and they were content that must outweigh using an unknown Lyddington conveyancing lawyer solely due to them being local.
What can I do to find out who owns a property in Lyddington?
Provided the premises is recorded at the Land Registry, and you have the details of the address of the property, you should be able to view details from the HM Land Registry of the recorded owner for a for less than a fiver.