I purchased a freehold residence in Tavistock yet pay rent, why is this and what is this?
It’s unusual for properties in Tavistock and has limited impact for conveyancing in Tavistock 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 fresh rentcharges post 1977.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
I require expedited conveyancing in Tavistock as I have an ultimatum to complete within 4 weeks. A mortgage is not required. Can I avoid the conveyancing searches to save money and time?
As you are not taking a home loan you have the choice not to have searches conducted although no conveyancer would advise that you don't. With plenty of history conveyancing in Tavistock the following are instances of issues that can show up and adversely impact future mortgageability: Enforcement Notices, Overdue Fees, Overdue Grants, Unadopted Roads,...
I have recentlybeen informed that Stirling Law have been shut down. They carried out my conveyancing in Tavistock for a purchase of a freehold house 9 months ago. How can I establish that my home is not still registered in the name of the previous owner?
The easiest method to see if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Tavistock conveyancing specialists.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Tavistock. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Tavistock
-
Forfeiture - bankruptcy or liquidation must not apply under this provision. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please supply evidence that the form of Lease proposed has been approved by the Land Registry.
Due to the advice of my in-laws I had a survey completed on a house in Tavistock ahead of retaining solicitors. I have been informed that there is a flying freehold overhang to the house. My surveyor has said that some lenders will refuse to give a mortgage on such a home.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Nationwide. 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 Tavistock. Conveyancing may be slightly more expensive based on your lender's requirements.
In my capacity as executor for the will of my grandmother I am selling a house in Newport but I am based in Tavistock. My solicitor (based 260 miles awayrequires that I sign a statutory declaration before the transaction finalising. Can you recommend a conveyancing practitioner in Tavistock who can witness this legal document for me?
Technically speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will be fine regardless of whether they are located in Tavistock