It has come to my attention via my broker that my Wendover lawyer is not on the bank Conveyancing panel. How can I check?
Your first step should be to contact your Wendover conveyancer. It is reasonable to expect your lawyer to inform you what has happened. Where they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your bank.
I purchased a freehold house in Wendover but still charged rent, why is this and what is this?
It is rare for properties in Wendover and has limited impact for conveyancing in Wendover 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 generation of fresh rentcharges post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
We are expecting a mortgage offer soon. The lender mentioned the home loan came with free conveyancing. Is the implication that I have to use their panel solicitor as I would prefer to use a Wendover based conveyancing firm?
Do check but the the probability is that appoint one of their panel lawyers should you take up the "fee-free" incentive. Contact the bank and ask if they make available a cash alternative. In the past a few mortgage companies offered a £250 cashback as an alternative in which case that money can go towards the cost for your conveyancing solicitor near Wendover.
My wife and I are buying a flat in Wendover. It might be a silly question but how we can trust a conveyancer? At some point we have to send funds into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
is it true that all Wendover solicitor practices on the Principality conveyancing panel are regulated by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Principality approved list of solicitors they would need to be regulated by the Solicitors Regulatory Authority. Some mortgage companies do list licenced conveyancers on their panel and in that case the practice would be regulated by the CLC.
After what feels like an age I have had an offer on a flat in Wendover agreed to, but there is a chain. The sellers have placed an offer on on an apartment, however it’s not yet tied up, and have viewings of other properties in the pipeline. I have chosen a bricks and mortar conveyancing solicitor in Wendover. What do I do now? At what stage do I apply for the mortgage with RBS?
It is understandable to have anxieties where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is approx £1k, then survey, Wendover conveyancing search costs, etc). First, you should ensure that your conveyancing practitioner is on the RBS approved list. Concerning the next steps this very much dictated by the specifics of your transaction, desire for this property and on the state of the market. During a buoyant market many purchasers will apply for the mortgage with RBS and arrange for the valuation and only if it comes back ok would they request their conveyancer to move forward with the conveyancing in Wendover.
Me and my brother own a terraced Edwardian property in Wendover. Conveyancing lawyer represented me and Halifax. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, the second leasehold under the matching address. I'd like to know for sure, how can I find out??
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Wendover 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 buyers. You can also check the situation with the conveyancing lawyer who conducted the work.
My brother has recommend that I use his conveyancing solicitors in Wendover. Do I take his guidance?
No doubt the ideal way to choose a conveyancing lawyer is to have recommendations from friends or family who have previously instructed the conveyancer that you are contemplating using.