I purchased a freehold residence in Reading but nevertheless invoiced for rent, why is this and what is this?
It is rare for properties in Reading and has limited impact for conveyancing in Reading 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 fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
I am purchasing a detached bungalow in Reading. Our aim is to convert the garage to an office at the house.Will the conveyancing process include investigations to ascertain if these alterations were previously refused?
Your conveyancer will check the deeds as conveyancing in Reading can on occasion identify restrictions in the title deeds which prevent categories of alterations or need the permission of another owner. Some works require local authority planning permissions and approval in compliance with building regulations. Many locations are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. It would be sensible to check these things with a surveyor prior to committing yourself to a purchase.
When it comes to lenders such as Coventry BS, do Reading solicitors face an annual charge to be on the list of approved solicitors?
We are unaware of any lender fees to be on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
I was told two weeks ago that my mortgage has been agreed to by Principality. Is it usual for Principality to only issue the offer once my solicitor in Reading is approved on their conveyancing panel? Principality have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Principality to deal with your lawyer's application to be on the Principality conveyancing panel. There's no guarantee that your solicitor will be accepted.
I've recently found out that there is a flying freehold issue on a house I have offered on last month in what was supposed to be a quick, no chain conveyancing. Reading is the location of the property. Can you offer any advice?
Flying freeholds in Reading are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Reading you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Reading may ascertain 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 premises.
How do I search for a Reading solicitor on the Barclays conveyancing panel? I drive a motor bike and am happy to travel upto 25miles to meet the conveyancer.
Feel free to make use of the tool on this page. Please choose the lender and your location and you will see a number of Reading conveyancing lawyers located nearest you. We have listed some Reading conveyancing firms at the bottom of this page and you can ring them to verify whether they are on the Barclays panel
I need to retain a conveyancing solicitor for purchase conveyancing in Reading. I happened to chance upon a site which appears to be the perfect answer If it is possible to get all the legals done via web that would be preferable. Should I be concerned? 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?
Estate agents have just been given the go-ahead to market my basement flat in Reading.Conveyancing solicitors are to be appointed soon but I have just received a quarterly maintenance charge demand – what should I do?
It best that you discharge the invoice as usual because all rents and service charges should be allottedas part of the financial calculations for completion monies, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most managing agents 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