I own a freehold property in Morden Park but still charged rent, why is this and what is this?
It’s unusual for properties in Morden Park and has limited impact for conveyancing in Morden Park 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 hundreds of years, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.
Old 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 extinguished.
I am helping my mother sell her house in Morden Park. Does the conveyancer order an energy assessment or it is for me to see to?
After the abolition of Home Packs, energy assessments was maintained a required part of selling a property. An EPC must be to hand before the property is put on the market. It is not something that conveyancers normally arrange. Where you are instructing a Morden Park conveyancing solicitor they might be willing to arrange energy assessments given their relationships with reputable local assessors
When it comes to mortgage companies such as Barclays, do Morden Park conveyancing practitioners face a fee to be on the list of approved solicitors?
We are not aware of any lender fees to register on their list of approved firms, although some do levy an administration charge to deal with the processing of the conveyancing panel application.
Two weeks ago we had a mortgage agreed in principle with Skipton. Morden Park conveyancing solicitors have been chosen. What is the average time that one could expect to receive a mortgage offer from Skipton?
Some lenders take longer than others. Have Skipton done the survey? Have you advised Skipton as to your lawyers' details and checked that your lawyers are on the Skipton conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I have todaybecome aware that Stirling Law have been shut down. They carried out my conveyancing in Morden Park for a purchase of a leasehold apartment 18 months ago. How can I check that the property is registered correctly in the name of the former proprietor?
The easiest method to see if the property 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 Morden Park conveyancing specialists.
Over the last few months I have been searching for a flat up to £195,000 and found one round the corner in Morden Park I like with a park and railway links in the vicinity, the downside is that it's only got 49 years on the lease. There is not much else in Morden Park suitable, so just wondered if I would be making a grave error purchasing a short lease?
If you require a mortgage that many years will likely be a potential deal breaker. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of twenty four months you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.
Is it possible to change firm as I need to select one who is on the TSB conveyancing list. I hired a high street conveyancing solicitor in Morden Park five minutes from me but the firm is not approved by TSB
It would be our pleasure to assist you find a conveyancing solicitor in Morden Park on the TSB panel. Please note that the law firms that we list do not pay us commission if you instruct them and are regulated by the SRA who oversee all conveyancing solicitors in Morden Park. In utilising the find a conveyancing solicitor tool on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Morden Park.
My husband and I have today had an offer accepted on our first home in Morden Park, and are about to get solicitors instructed. We have made use of the numerous rating tools and the results are from all across the the UK. Is it critical to have a Morden Park lawyer local to the prospective new home? We are happy to do all the communicating electronically, but I guess at some stage we may need to physically go into the property lawyer's office to sign documents?
The conveyancer does not need to be in Morden Park, but opting for local means that you have the option to visit their offices if you need to, by way of example, if a signature is needed urgently. Also, a Morden Park solicitor is likely to be familiar with local agents and (if the vendor has instructed a local property lawyer) with them, which should help keep things moving faster.