I purchased a freehold house in Ruthin but still charged rent, why is this and what is this?
It is rare for properties in Ruthin and has limited impact for conveyancing in Ruthin 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 date back hundreds of years, but the Rent Charge Act 1977 barred the generation of new rentcharges post 1977.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
I bought my house on 10 August and my personal details is yet to be registered. Need I be worried? My conveyancing solicitor in Ruthin expressed confidence that it should be dealt with inside ten days. Are transfers in Ruthin particularly slow to register?
There is nothing unique about conveyancing in Ruthin registration formalities. As opposed to being determined by geographic area, timescales can adjust according to the party submitting the application, whether it is in order and if the Land registry communicate with any third persons or bodies. Currently roughly three quarters of submission are fully addressed in less than three weeks but occasionally there can be extensive hold-ups. Historically registration occurs once the buyer is living at the property therefore an expedited registration is not always top priority but where it is urgent that the the registration takes place urgently then you or your lawyers could communicate with the Registry to express the reasoning for an expedited registration.
Due to the guidance of my in-laws I had a survey completed on a property in Ruthin in advance of retaining lawyers. I have been told that there is a flying freehold overhang to the property. Our surveyor advised that some mortgage companies tend not grant a mortgage on such a house.
It depends who your proposed lender is. Santander has different requirements from Birmingham Midshires. Should you wish to telephone us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Ruthin. Conveyancing will be smoother if you use a solicitor in Ruthin especially if they regularly deal with such properties in Ruthin.
How simple is it to transfer to a new solicitor as I need to instruct a firm on the TSB conveyancing panel. I had appointed a family conveyancing solicitor in Ruthin round the corner but she is not approved by TSB
We will our best to assist in finding you a conveyancing solicitor in Ruthin on the TSB panel. Please note that the law firms that we on the directory do not pay us a referral fee if you instruct them and are authorised and regulated by the SRA who oversee all conveyancing solicitors in Ruthin. Using the find a conveyancing solicitor tool on this website, you can compare charges for conveyancing solicitors in Ruthin and throughout England and Wales.
Am I better off to choose a Ruthin conveyancing practitioner in close proximity to the house I am buying? An old friend can perform the legal formalities however they are based 400kilometers away.
The benefit of a local Ruthin conveyancing practice is that you can pop in to execute documents, deliver your identification documents and pester them if necessary. Having local Ruthin know how is a benefit. However it's more important to get someone that will pull out all the stops for you. If if people you trust instructed your friend and on the whole were happy that should outweigh using an unknown Ruthin conveyancing lawyer just because they are Ruthin based.
I happen to be an executor of my recently deceased aunt’s Will, with a property in Ruthin which is to be marketed. The house is unregistered at HMLR and I'm told that many purchasers will insist that it is done before they'll move forward. What's the mechanism for this?
In the situation you refer to it seems advisable to apply to register in the names of the personal representative(s) as named in the probate and in their capacity as PRs. HMLR’s online guidance explains how to register for the first time and what is required re the deeds and forms. You would need to include and official copy of the probate as well and complete the form FR1 to refer to the PRs as the applicant.