I am the registered owner of a freehold house in Sunbury yet charged rent, why is this and what is this?
It is rare for properties in Sunbury and has limited impact for conveyancing in Sunbury 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 post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
I am aiming to move house in June. Will my conveyancing solicitor update the removal company on the completion day. Incidentally, can you put forward a removal company in Sunbury. Conveyancing firm was found prior to coming across this website.
On the day of completion you can pick up the house keys from your property agent but this should only happen once the sellers solicitors advise the agent that they acknowledge receipt of the completion payment and the keys can be collected. After that you can inform the removal men that you are ready to move in. As a matter of policy we do not recommend a specific removal organisation but can help you locate a conveyancing in Sunbury or a firm with expertise in conveyancing in Sunbury.
We are getting a further advance on our mortgage from Principality as we wish to carry out improvements to our home in Sunbury. Are we obliged to choose a nearby Sunbury solicitor on the Principality conveyancing panel to handle the legals?
Principality don't usually appoint firms on their conveyancing panel to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Principality conveyancing panel.
I can not fathom if my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Sunbury building society branch on various occasions and was told it does not impact the mortgage offer and they will lend. My Sunbury conveyancing solicitor - who is on the bank conveyancing panel- called to say that they will not lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. I have no idea who is right.
The conveyancing practitioner must follow the Council of Mortgage Lenders’ Handbook Part 2 specifications for your bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
The deeds to my house can not be found. The conveyancers who did the conveyancing in Sunbury 10 years ago have long since closed. What do I do?
You no longer need to hold title deeds to establish that you own the land or premises, given that the Land Registry have everything they need in a digital format.
I am buying a new build house in Sunbury benefiting from help to buy. The developers would not budge the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent told me not disclose to my solicitor about the side-deal as it will impact my mortgage with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Due to the guidance of my in-laws I had a survey completed on a house in Sunbury in advance of instructing conveyancers. I have been told that there is a flying freehold element to the property. My surveyor advised that some lenders tend refuse to grant a mortgage on this type of house.
It depends who your proposed lender is. Santander has different instructions from Birmingham Midshires. Should you wish to call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Sunbury. Conveyancing will be smoother if you use a solicitor in Sunbury especially if they are acquainted with such properties in Sunbury.
I need to find a conveyancing solicitor for purchase conveyancing in Sunbury. I have discover a web site which seems to have the perfect solution If there is a chance to get all this stuff completed via web that would be ideal. Do I need to be wary? 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?