I purchased a freehold premises in Uxbridge yet charged rent, why is this and what is this?
It’s unusual for properties in Uxbridge and has limited impact for conveyancing in Uxbridge 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 creation of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
How do I check that the solicitor conducting my conveyancing in Uxbridge is on the bank’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Bank of Ireland thus paying £192.00 in another set of legal fees.
You should make use of the search tool on this site. Please choose the lender and type ‘Uxbridge’ or your location and you will be presented with a number of lawyer based in Uxbridge or nearest you.
2 months have gone by since my purchase conveyancing in Uxbridge concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Uxbridge differ for newly converted properties?
Most buyers of new build premises in Uxbridge contact us having been asked by the seller to exchange contracts and commit to the purchase even before the property is ready to move into. This is because new home sellers in Uxbridge tend to buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Uxbridge or who has acted in the same development.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in last month in what should have been a simple, no chain conveyancing. Uxbridge is where the house is located. Can you shed any light on this issue?
Flying freeholds in Uxbridge are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Uxbridge you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Uxbridge may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Are there any apps to assist me to locate a Uxbridge solicitor on the Coventry Building Society conveyancing panel? I have a car and am willing to travel upto 20miles to meet the solicitor.
Feel free to make use of the search on this website. Please select a bank and your location and you will see a number of Uxbridge conveyancing lawyers based on proximity. We have listed some Uxbridge conveyancing firms at the bottom of this page and you can ring them to see whether they are on the Coventry Building Society approved list