I am the registered owner of a freehold residence in Watlington but still invoiced for rent, why is this and what is this?
It is rare for properties in Watlington and has limited impact for conveyancing in Watlington 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 establishment of new rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
I am planning to acquire a flat and need a conveyancing solicitor in Watlington who is on the National Westminster Bank solicitor. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for National Westminster Bank in certain locations such as Watlington. We dont recommend any particular firm.
This question may be naive but I am new to the home buying as a first time buyer of a ground floor flat in Watlington. Do I pick up the keys to the house on the completion date from my conveyancer? If this is the case, I will find a local conveyancing solicitor in Watlington?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will transfer the purchase money to the owner’s solicitors, and once they have received this, you will be able to collect the keys from the selling Agents and move into your new home. This tends to happen between 1 and 3pm.
My wife and I buying a 3 bedroom semi in Watlington. We would like to an extension at the rear at the property.Will legal work on the property involve investigations to determine if these works are allowed?
Your solicitor will review the registered title as conveyancing in Watlington can occasionally reveal restrictions in the title deeds which prevent certain changes or require the permission of a 3rd party. Many works need local authority planning permissions and approval in accordance building regulations. Many areas are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these things with a surveyor ahead of any purchase.
Are all Watlington Conveyancing Quality Solicitors on the Bank of Ireland conveyancing panel?
Some major lenders now make use of the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. CQS membership however gives no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of conveyancing solicitors.
A colleague suggested that if I am buying in Watlington I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally quoted for as part of the standard Watlington conveyancing searches. It is a large report of more than thirty pages, listing and setting out significant information about Watlington around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Watlington Education with maps and statistics, Local Amenities and other useful information regarding Watlington.
What advice can you give us when it comes to finding a Watlington conveyancing firm to deal with our lease extension?
If you are instructing a solicitor for lease extension works (regardless if they are a Watlington conveyancing firm) it is essential that they be familiar with the legislation and specialises in this area of work. We suggest that you talk with several firms including non Watlington conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions could be of use:
What are the costs for lease extension conveyancing? How experienced is the practice with lease extension legislation?
Watlington Leasehold Conveyancing - Examples of Questions you should ask Prior to Purchasing
You should want to find out as much as possible concerning the company managing the block as they will either make living at the property much simpler or problematic. Being a leasehold owner you will be in the clutches of the managing agents from a financial perspective and when it comes to day to day issues such as the tidiness of the communal areas. Enquire of other people what they think of their management. In conclusion, be sure you discover the dates that you are obliged pay the maintenance charge to the relevant party and precisely how they are spending that money. It is important to be aware whether redecorating or some other significant cost is due shortly that will be shared between the tenants and will materially increase the the service fees or result in a one time payment. Who is in charge of the building?
My husband and I are hoping to buy a three bedroom housein Watlington with a mortgage from a lender. We have a lawyer in Watlington yet our mortgage company says she’s not on their "panel". We have to appoint from the our lender panel solicitors or stay with our Watlington conveyancer and incur the extra costs for one of their panel ones to represent them. This seems very unfair; is there anything we can do?
No, not really. The bank home loan offered to you is subject to conditions, one of which will be that lawyers will on the mortgage company's conveyancing panel. in the past, most lenders had open panels, including many conveyancing solicitors in Watlington : a borrower could choose 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. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for your lender.