I am the registered owner of a freehold premises in Yarm On Tees but still invoiced for rent, why is this and what is this?
It’s unusual for properties in Yarm On Tees and has limited impact for conveyancing in Yarm On Tees 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 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 post 2037 will be dispensed with completely.
The Yarm On Tees conveyancing lawyers that I appointed last week on my house acquisition in Yarm On Tees have without warning closed. They were on acting for me because I had to have a firm on the Kent Reliance conveyancing panel and my preferred Yarm On Tees lawyer was not. I gave my credit card details for them to take one hundred and fifty pounds for searches. What do I do now?
If you have an estate agent involved then inform them immediately so that they advise the vendors that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Kent Reliance conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to help.
I used Wolstenholmes a few years past for my conveyancing in Yarm On Tees. Now, I need the files however the law firm is no longer operating. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Yarm On Tees of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I'm purchasing my first flat in Yarm On Tees benefiting from help to buy. The developers would not budge the amount so I negotiated five thousand pounds worth of additionals instead. The property agent told me not to tell my lawyer about the deal as it could impact my mortgage with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Due to the input of my in-laws I had a survey completed on a house in Yarm On Tees prior to appointing solicitors. I have been advised that there is a flying freehold element to the property. The surveyor has said that some lenders may refuse to issue a mortgage on this type of house.
It varies from the lender to lender. HSBC has different requirements for example to Birmingham Midshires. If you call us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Yarm On Tees. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Yarm On Tees to see if the conveyancing costs will increase in light of this.
Why is New Build conveyancing in Yarm On Tees more costly?
Conveyancing in Yarm On Tees for newly converted or new build premises usually involve adoption of highways & drains, building regulations approval, planning permission, new build warranties such NHBC as well as supplemental questions and contractual considerations.