I am the registered owner of a freehold property in Thrapston yet invoiced for rent, why is this and what is this?
It is rare for properties in Thrapston and has limited impact for conveyancing in Thrapston 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 many centuries, but the Rent Charge Act 1977 barred the creation of fresh 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 will be dispensed with completely.
I'm the single recipient of my late mum's estate and I have everything in my name now, including the my former home in Thrapston. Conveyancing formalities meant that the Land Registry date was in August. I want to move. I understand that there is a Mortgage Lenders 6 month 'rule', meaning my proprietorship may be regarded the same way as though I had purchased the property in August. Do I have to wait 6 months to sell?
The Council of Mortgage Lenders’ handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be impacted by that. How sensible a view lenders take of it, depend on the bank as this provision is principally there to identify subsales or the flipping of properties.
Is it the case that all Thrapston CQS (Conveyancing Quality Scheme) solicitors are on the HSBC conveyancing panel?
Some major banks and building societies now use the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. CQS membership however is no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of firms.
We expect to receive a AIP from Nottingham this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Nottingham recommend any Thrapston solicitors on the Nottingham conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Thrapston solicitors independently although you'll need to choose one on the Nottingham conveyancing panel. The solicitor represents both you and Nottingham through the process.
Are there restrictive covenants that are commonly picked up during conveyancing in Thrapston?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Thrapston. 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…’
How easy is it to switch firm as I have to find one who is on the Alliance & Leicester conveyancing list. I instructed a high street conveyancing solicitor in Thrapston five minutes from me but she is not accepted by Alliance & Leicester
We will our best to assist in finding you a conveyancing solicitor in Thrapston on the Alliance & Leicester panel. Please note that the law firms that we list do not pay us a referral fee if you instruct them and are under regulation of the Solicitors Regulation Authority who oversee all conveyancing solicitors in Thrapston. In making use of search facility on this site, you can compare charges for conveyancing solicitors in Thrapston and beyond.
I am thinking of appointing a conveyancing practitioner in Thrapston for my home move. Can I check a solicitor's complaints history with the profession’s regulator?
One may see documented Solicitor Regulator Association (SRA) decisions arising from inquisitions from 2008 onwards. Go to Check a solicitor's record. For details about the period before 1 January 2008, or to check a firm's history, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, dial +44 (0)121 329 6800. The regulator sometimes recorded telephone calls for training reasons.
We are midway through buying a house in Thrapston. Conveyancing solicitor has phoned to say the property is "Leasehold". Should this adversely affect our Natwest valuation?
Thrapston conveyancing does not usually involve leasehold houses. The main consideration here is the unexpired lease term and the ground rent. If there are over a hundred years remaining with a nominal rent, it's almost the same as freehold, so it’s unlikely to affect the marketability significantly.
At the other end of the spectrum, if it's, say, fifty five years it will have a adverse impact on the value, and most likely wouldn't be mortgageable. The length of lease and ground rent will be set out in the lease provided to your conveyancer.