I own a freehold house in South Ockendon but nevertheless pay rent, why is this and what is this?
It is rare for properties in South Ockendon and has limited impact for conveyancing in South Ockendon 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.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
I am considering applying for a Skipton mortgage for purchase of a new build (under development) in South Ockendon with 65 per cent loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Skipton ?
In theory, you could use a solicitor that is not on the Skipton conveyancing panel, but Skipton would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
My wife and I buying a victorian detached house in South Ockendon. The intention is to an extension at the rear at the house.Will the conveyancing process involve investigations to ascertain if these works are permitted?
Your solicitor should check the registered title as conveyancing in South Ockendon can occasionally identify restrictions in the title documents which prevent categories of works or necessitated the permission of another owner. Many works call for local authority planning permissions and approval in accordance building regulations. Many locations are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. You should check these things with a surveyor prior to committing yourself to a purchase.
I am the sole beneficiary of my late grandmother’s estate and I have everything in my name alone, including the house in South Ockendon. Conveyancing formalities meant that the Land Registry date was in January. I plan to dispose of the property. I understand that there is a CML 6 month 'rule', which means that my property ownership may be considered the same way as though I had purchased the property in January. Do I have to wait 6 months to sell?
The CML handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be affected by that. How sensible a view lenders take of it, depend on the bank as this clause chiefly exists to capture the purchase and immediately sell or the flipping of property.
Does a directory service exist listing Lloyds panel solicitors in South Ockendon on the Building Society Association’s Website?
No. There is no such facility on the Council of Mortgage Lenders or Building Society Association websites. A small selection of lending institutions make their panel listings viewable online. Where you are seeking to appoint a South Ockendon solicitor on the Lloyds please use our facility.
Are there restrictive covenants that are commonly identified as part of conveyancing in South Ockendon?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in South Ockendon. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I have been on the look out for a ground for flat up to £245,000 and found one round the corner in South Ockendon I like with open areas and transport links nearby, the downside is that it's only got 52 years on the lease. There is not much else in South Ockendon suitable, so just wondered if I would be making a grave error purchasing a short lease?
Should you require a home loan the shortness of the lease will be an issue. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of twenty four months you could ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this.
We're FTB’s - had an offer accepted, yet the selling agent advised that the owners will only issue a contract if we instruct their preferred lawyers as they want a ‘quick sale’. Our preferred option is to instruct a local solicitor used to conveyancing in South Ockendon
It is unlikely the vendors are behind this. If they desire ‘a quick sale', alienating a serious buyer is is going to put the whole deal at risk. Bypass the agents and go straight to the sellers and make sure they understand (a)you are genuine purchasers (b)you are excited to move forward, with finances arranged © you have nothing to sell (d) you intend to proceed fast (e)but you will continue to instruct your preferred South Ockendon conveyancing firm - not the ones that will provide their estate agent a kickback or meet his conveyancing thresholds pre-set by corporate headquarters.