I purchased a freehold premises in Westonzoyland yet pay rent, why is this and what is this?
It’s unusual for properties in Westonzoyland and has limited impact for conveyancing in Westonzoyland 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 establishment of fresh rentcharges post 1977.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
I am buying a right to buy a flat in Westonzoyland. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Westonzoyland you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Westonzoyland.
My wife and I purchased a renovated Edwardian property in Westonzoyland. Conveyancing lawyer represented me and Birmingham Midshires. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, the second leasehold with the matching address. If a house is not a freehold shouldn't I have been informed?
You need to assess 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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Westonzoyland 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 purchasers. You can also question the position with your conveyancing lawyer who conducted the purchase.
I've recently found out that there is a flying freehold issue on a house I have offered on a fortnight ago in what was supposed to be a quick, no chain conveyancing. Westonzoyland is the location of the property. Can you shed any light on this issue?
Flying freeholds in Westonzoyland are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Westonzoyland you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Westonzoyland 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 property.
I am selling my home. My previous solicitors have shut. I am in need of a recommendation of a conveyancing firm. Im based in Westonzoyland if that makes a difference.
Do use our search tool to help you choose a solicitor for your conveyancing in Westonzoyland. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
Do I cancel the direct debit for my mortgage with Principality once a completion date for my home sale in Westonzoyland has been agreed?
You would be well advised to continue paying any mortgage sums to Principality pending the mortgage being repaid on completion as part of your Westonzoyland conveyancing.