I am the registered owner of a freehold residence in Okehampton but still pay rent, why is this and what is this?
It’s unusual for properties in Okehampton and has limited impact for conveyancing in Okehampton 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.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
I am purchasing a house and need a conveyancing solicitor in Okehampton who is on the Nationwide Building Society solicitor. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Nationwide Building Society in certain locations such as Okehampton. We dont recommend any particular firm.
Despite weeks of looking the Title Certificate and documents to our home are lost. The conveyancers who dealt with the conveyancing in Okehampton 10 years ago no longer exist. What are my options?
As long as you have a registered title the details of your ownership will be held by HMLR with a Title Number. It is easy to execute a search at the Land Registry, find your property and order current copies of the Registered Entries for a small fee. Where the title is Leasehold then the Land Registry will also normally retain a file copy of the Registered Lease and again, a copy can be ordered for twenty pounds.
How does conveyancing in Okehampton differ for new build properties?
Most buyers of new build property in Okehampton come to us having been asked by the seller to exchange contracts and commit to the purchase even before the house is constructed. This is because developers in Okehampton tend to purchase the site, 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 accustomed to new build conveyancing in Okehampton or who has acted in the same development.
I decided to have a survey done on a house in Okehampton prior to appointing solicitors. I have been advised that there is a flying freehold element to the house. Our surveyor advised that some lenders tend not give a loan on a flying freehold premises.
It varies from the lender to lender. HSBC has different instructions for example to Nationwide. If you e-mail us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Okehampton. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to retain a conveyancing solicitor for sale conveyancing in Okehampton. I happened to discover a site which looks to be the ideal answer If it is possible to get all the legals done via email that would be ideal. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?