I purchased a freehold house in Patcham yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Patcham and has limited impact for conveyancing in Patcham 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 creation of fresh rentcharges post 1977.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
My wife and I are purchasing a house in Patcham. I might seem paranoid but how we can trust a lawyer? On completion day we have to put money into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
My father informed me that in purchasing a property in Patcham there may be a number of restrictions limiting what one can do in terms of external alterations to the property. Is this right?
We are aware of anumerous of properties in Patcham which have some sort of restriction or requirement of consent to perform external alterations. Part of the conveyancing in Patcham should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am the only beneficiary of my late mum's will and I have everything in my name alone, including the house in Patcham. Conveyancing formalities meant that the Land Registry date was in December. I now wish to sell up. I do know about the CML six month 'rule', meaning my property ownership may be regarded the same way as though I had purchased the property in December. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be affected by that. How practical a view lenders take of it, depend on the bank as this provision is principally there to pick up on the purchase and immediately sell or the wholesaling and assigning of property.
I have recentlydiscovered that Wolstenholmes have been shut down. They carried out my conveyancing in Patcham for a purchase of a freehold house 18 months ago. How can I establish that my home is registered correctly in the name of the former proprietor?
The easiest method to see if the premises is registered to you, you can carry out 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 Patcham conveyancing specialists.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on a fortnight ago in what was supposed to be a straight forward, chain free conveyancing. Patcham is the location of the property. Can you offer any opinion?
Flying freeholds in Patcham 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 Patcham you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Patcham may decide 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 residence.
I was pointed in your direction by numerous estate agents in Patcham to select a property lawyer using your seach tool. Is there a financial advantage for Estate Agents to promote your lawyers ahead of alternative conveyancing organisations?
We don’t give any referral fee for pointing buyers and sellers in our direction. We found it would be just too difficult to pay a commission because members of the public would think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
I have read on various consumer advice websites that when selecting a conveyancing firm they need approved by your mortgage company. I am a FTB but I have an offer in principle with Santander and I already have a local conveyancing lawyer in Patcham lined up. Can Halifax insist on an approved solicitor to be selected? Does a list of approved solicitors even exist for my conveyancing in Patcham?
You need to instruct a solicitor that is on the Halifax panel. The first thing to do is telephone your preferred Patcham conveyancing solicitor to check if they are on the Halifax panel. If they are not on the panel you have a number of choices open to you here:
- Carry on with your chosen Patcham solicitor but Halifax will undoubtedly appoint a property lawyer on their approved panel. The net impact is additional charges together with probable interruption.
- Appoint a fresh conveyancer to conduct the conveyancing, ensuring that they are on the Halifax conveyancing panel.
- Convince your conveyancing practitioner to pull out all the stops to join the Halifax panel of solicitors.