I own a freehold house in Mitcham Junction but still charged rent, why is this and what is this?
It is rare for properties in Mitcham Junction and has limited impact for conveyancing in Mitcham Junction 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 extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
We are expecting a mortgage offer soon. The lender mentioned the mortgage came with free conveyancing. Does this mean I have to instruct their panel lawyer as I would much rather instruct a Mitcham Junction based conveyancing firm?
You should check but the the probability is that appoint one of their panel conveyancers if you accept the "fee-free" offer. Speak to the lender to see if they offer you a monetary alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case you could put that amount towards your preferred conveyancing solicitor near Mitcham Junction.
I just bought a flat at auction in Mitcham Junction. Conveyancing is necessary. What is next?
Given that you are now for all intents and purposes signed on the dotted line you now have to instruct a conveyancing solicitor quickly as you are faced with a tight a drop dead date to complete the purchase. An auction property should have an associated legal set of papers. This will include evidence of title and search results. Where you are dealing with leasehold property the legal papers should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork relating to leasehold premises. You should hand this to the conveyancer working for you as soon as possible. Do make sure that your finances are organised to complete on the on the contractual date .
This question may be naive but I am unexperienced as a first time buyer of a two bedroom flat in Mitcham Junction. Do I collect the keys to the premises on the completion date from my conveyancer? If this is the case, I will instruct a local conveyancing solicitor in Mitcham Junction?
On the day of completion you will not be required to attend the conveyancers office in Mitcham Junction. Your solicitors will arrange to send the purchase money to the vendor’s solicitors, and shortly after the monies have arrived, you will be called to receive the keys from the selling Agents and move into your new home. This tends to happen between 1 and 3pm.
When it comes to lenders such as Yorkshire BS, do Mitcham Junction conveyancing practitioners have to pay a yearly amount to be on the list of approved solicitors?
We are not aware of any lender fees to be on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
What can a local search tell me about the property we're purchasing in Mitcham Junction?
Mitcham Junction conveyancing often starts with the ordering local authority searches directly from your local Authority or through a personal search company for instance Onsearch The local search plays a central role in many a Mitcham Junction conveyancing purchase; that is if you wish to avoid any unpleasant once you have moved into your property. The search should supply information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic headings.
I used Arc property Solicitors several years ago for my conveyancing in Mitcham Junction. I now require my file however the law firm is no longer operating. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Mitcham Junction of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
We are 3 weeks into a freehold purchase having been recommend to conveyancers by the selling agent to execute conveyancing in Mitcham Junction. I am am very frustrated with the quality of service. Could you help me find new conveyancers?
They would have to be very bad in order to consider diss instructing them. Has the mortgage offer been generated? In the event that it has you must make them aware of the new solicitor and have the offer are issued to the new lawyers. Your conveyancer needs to be on the banks approved list to avoid added charges and frustration. So that should be your starting point. The find a solicitor tool should assist you in finding a bank approved conveyancer for your conveyancing in Mitcham Junction