I am the registered owner of a freehold premises in Ottery St Mary but still charged rent, why is this and what is this?
It is rare for properties in Ottery St Mary and has limited impact for conveyancing in Ottery St Mary 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 creation of new rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
I am close to exchanging contracts on the sale of our home in Ottery St Mary and according to the buyers it appears that there is a risk of it being built on contaminated land. A local conveyancer would know that there is no such problem. For the life of me I don't know why the buyers are using an internet conveyancing outfit rather than a conveyancing solicitor in Ottery St Mary. We have lived in Ottery St Mary for many years we know that this is a non issue. Should we contact our local Authority to obtain clarification that there is no issue.
It would appear that you have a conveyancing firm currently acting for you. Are they able to advise? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
Due to the input of my in-laws I had a survey completed on a house in Ottery St Mary prior to appointing lawyers. I have been told that there is a flying freehold element to the property. Our surveyor advised that some banks may refuse to give a loan on this type of home.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Halifax. If you call us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Ottery St Mary. Conveyancing will be smoother if you use a solicitor in Ottery St Mary especially if they are familiar with such properties in Ottery St Mary.
Is it possible to switch firm as I have to select a firm on the Chelsea Building Society conveyancing panel. I hired a local conveyancing solicitor in Ottery St Mary five minutes from me but she is not accepted by Chelsea Building Society
It would be our pleasure to help you find a conveyancing solicitor in Ottery St Mary on the Chelsea Building Society panel. Please note that the law firms that we work with do not pay us fee if you instruct them and are authorised and regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Ottery St Mary. Using search facility on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Ottery St Mary.
In my capacity as executor for the will of my father I am selling a house in Newport but reside in Ottery St Mary. My conveyancer (who is 300 miles awayhas requested that I sign a stat dec before the transaction finalising. Could you suggest a conveyancing practitioner in Ottery St Mary who can witness this legal document for me?
strictly speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Normally any notary public or solicitor will suffice regardless of whether they are based in Ottery St Mary
I have just started marketing my 2 bed flat in Ottery St Mary. Conveyancing has not commenced, but I have just had a half-yearly service charge invoice – what should I do?
The sensible thing to do is discharge the maintenance contribution as normal because all ground rent and service payments should be allotted on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
Ottery St Mary Leasehold Conveyancing - Sample of Queries Prior to Purchasing
It would be prudent to investigate if there are any onerous restrictions in the lease. For example some leases prohibit pets being allowed in certain buildings in Ottery St Mary. If you love the flatin Ottery St Mary but your dog can’t live with you then you will be faced hard compromise. This information is important as a) areas may cause problems in the building as the common areas may begin to deteriorate where repairs are not paid for b) if the leaseholders have an issue with the running of the building you will wish to know about it Are any of leasehold owners in dispute over their service charge liability?