I am the registered owner of a freehold residence in Thurrock but still invoiced for rent, why is this and what is this?
It’s unusual for properties in Thurrock and has limited impact for conveyancing in Thurrock 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 hundreds of years, but the Rent Charge Act 1977 barred the establishment of new rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
My husband and I are buying a purpose built apartment in Thurrock with a mortgage from Clydesdale.We would like to retain our Thurrock conveyancing lawyer but Clydesdale advised that she’s not on their approved list of member firms. we are left little option but to use a Clydesdale panel lawyer or keep our preferred solicitor and fork out for a Clydesdale panel lawyer to represent them. This seems very unfair; Can we not simply insist that Clydesdale use our lawyer?
Unfortunately,no. The home loan offered to you contains various provisions, one of which will be that conveyancers needs to be on the Clydesdale approved list. in the past, most lenders had large numbers of solicitors on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for Clydesdale
Can you point me to a directory of Aldermore panel conveyancers in Thurrock on the Building Society Association’s Website?
No. There is no such directory service on the Council of Mortgage Lenders or Building Society Association sites. Very few banks make their panel listings available over the internet. Where you are looking for a Thurrock conveyancer on the Aldermore please use our facility.
Completion of my purchase has taken place for my property in Thurrock. Conveyancing was a necessary evil but I would like to complain about the lender. Who do I contact should I wish to lodge a complaint?
All lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. In most cases complaints to a lender are sorted out effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
Planning on purchasing a flat in Thurrock. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Leeds Building Society conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Thurrock solicitor is on the Leeds Building Society conveyancing panel.
I purchased a semi-detached Georgian house in Thurrock. Conveyancing practitioner acted for me and HSBC Bank. I did a free Land Registry search last week and there are a couple of entries: one for freehold, another for leasehold with the exact same address. Is it worth asking HSBC Bank to clarify?
You need to read 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 Thurrock and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the position with the conveyancing solicitor who conducted the purchase.
I am buying a new build house in Thurrock benefiting from help to buy. The builders would not budge the price so I negotiated £7000 of fixtures and fittings instead. The estate agent told me not inform my lawyer about this side-deal as it will adversely affect my loan with the bank. Is this normal?.
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.
What makes your site different to other web based conveyancing brokers when it comes to conveyancing in Thurrock?
At this site receive a conveyancing costs illustration via a Solicitor or Licensed Conveyancer that appreciates the nuances of your conveyancing in Thurrock. As opposed to estate agents and many comparison sites we do not charge firms a fee if you appoint them for your property ownership legalities in Thurrock