I purchased a freehold residence in Meopham but still pay rent, why is this and what is this?
It’s unusual for properties in Meopham and has limited impact for conveyancing in Meopham 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 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 in 2037 is to be dispensed with completely.
When it comes to lenders such as Virgin Money, do Meopham conveyancing practitioners face a yearly amount to be on the list of approved solicitors?
We are not aware of any bank fees to be on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel submission.
Does a directory service exist listing Coventry BS panel conveyancers in Meopham on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. A small selection of lending institutions make their panel listings viewable online. If you are in need of a Meopham conveyancer on the Coventry BS please use our tool.
RBS have agreed my mortgage in principle, my offer on a apartment in Meopham has been agreed to, now what?
Your estate agent will need to be informed of your conveyancer's details (make sure the solicitors are on the bank’s panel). Telephone RBS or the financial adviser and complete any relevant paperwork. RBS will sellect a valuer who will get in contact with the estate agent or seller to book a time for the valuation to happen. Once conducted (assuming no problems) it takes on average a fortnight for the mortgage offer to be issued. RBS will issue the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in Meopham.
I need some expedited conveyancing in Meopham as I have pressure to exchange contracts inside 4 weeks. Thankfully I do not require a mortgage. Is it possible to escape the need for conveyancing searches to save money and time?
If.Given you are not taking a mortgage you are at free not to do searches although no lawyer would suggest that you don't. With plenty of history conveyancing in Meopham the following are instances of what can arise and therefore impact future mortgageability: Enforcement Actions, Overdue Charges, Overdue Grants, Railway Schemes,...
Just had an offer accepted on a new build flat in Meopham. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Meopham
Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please supply a car parking plan. Forfeiture - bankruptcy or liquidation must not apply under this provision.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in last month in what should have been a simple, chain free conveyancing. Meopham is the location of the property. Is there any guidance you can give?
Flying freeholds in Meopham are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Meopham you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Meopham may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
My brother is buying a ground floor flat in Meopham. He was given a quote by the conveyancer connected to the selling agents and it came to £1156 . It was 7 years ago since I sold and bought a property and the bill was £600. Have fees really gone up that much?
We would recommend that you call two or three local Meopham conveyancing solicitors seeking estimates. It is advisable to base your choice not just on cost, but on promptness and on how comprehensive the response is.