I purchased a freehold residence in Sevenoaks but nevertheless charged rent, why is this and what is this?
It is rare for properties in Sevenoaks and has limited impact for conveyancing in Sevenoaks 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.
Old 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 dispensed with completely.
Are the BSA intent on creating a searchable register to to identify solicitors on the Darlington Building Society conveyancing panel for example in Sevenoaks?
We are not aware of any plans on the part of the BSA to promote such a register.
Various online forums that I have frequented warn that are the number one cause of delay in Sevenoaks conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not feature within the most frequent causes of hindrances during the legal transfer of property. Local searches are unlikely to feature in any slowing down conveyancing in Sevenoaks.
Me and my brother have a 4 bedroom Victorian house in Sevenoaks. Conveyancing solicitor acted for me and Halifax. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, the second leasehold with the exact same address. I thought I was buying a freehold how can I check?
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Sevenoaks and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the position with your conveyancing practitioner who carried out the work.
How does conveyancing in Sevenoaks differ for newly converted properties?
Most buyers of new build residence in Sevenoaks approach us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is constructed. This is because house builders in Sevenoaks usually acquire 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 property lawyers 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 used to new build conveyancing in Sevenoaks or who has acted in the same development.
We are 3 weeks into a residential purchase having been directed to solicitors by the high street agent to handle our conveyancing in Sevenoaks. I am am extremely frustrated with the quality of service. Could you you assist me in finding new conveyancers?
A solicitor would have to be very bad in order to consider diss instructing them. Has the mortgage been issued? In the event that it has you must make them aware of the new contact details and ensure the loan are re-sent. Your solicitor ideally should be on the lenders panel to avoid supplemental fees and complications. So that should be your starting point. Our find a solicitor tool should assist you in finding a lender approved solicitor for your home move in Sevenoaks