I am the registered owner of a freehold house in Wool yet invoiced for rent, why is this and what is this?
It is rare for properties in Wool and has limited impact for conveyancing in Wool 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 post 1977.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
We're in Wool, First time buyers buying with a mortgage (lender is Lloyds , and our solicitor is on the Lloyds conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Lloyds conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
It has been 3 months following my purchase conveyancing in Wool took place. I have checked the Land Registry website 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 premises 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.
I am buying a new build flat in Wool. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Wool
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Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please confirm the Lease plans are architect prepared. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
Is it possible to change solicitor as I have to appoint one who is on the Lloyds TSB Bank conveyancing list. I hired a high street conveyancing solicitor in Wool round the corner but the firm is not approved by Lloyds TSB Bank
It would be our pleasure to assist you select a conveyancing solicitor in Wool on the Lloyds TSB Bank panel. Please note that the law firms that we list do not pay us commission if you instruct them and are regulated by the SRA who regulate all conveyancing solicitors in Wool. In utilising search facility on this page, you can compare charges for conveyancing solicitors in Wool and throughout England and Wales.
My father-in-law has urged me to instruct his lawyers for conveyancing in Wool. Should I choose my own solicitor?
Much as we are happy to recommend a Wool conveyancing lawyer the ideal way to choose a conveyancing lawyer is to seek referrals from friends or relatives who have actually previously instructed the conveyancer that you are are thinking of instructing.