I purchased a freehold residence in Brymbo but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Brymbo and has limited impact for conveyancing in Brymbo 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 creation of fresh rentcharges post 1977.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
We're in Brymbo, First timers purchasing with a mortgage (lender is Barclays , and our solicitor is on the Barclays conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Barclays conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner 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.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what should have been a simple, chain free conveyancing. Brymbo is where the house is located. Is there any advice you can impart?
Flying freeholds in Brymbo are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Brymbo you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Brymbo may ascertain 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 former solicitors closed down. It would be helpful to have a recommendation of a conveyancing firm. Im based in Brymbo if that affects matters.
You should use our search tool to help you choose a solicitor for your conveyancing in Brymbo. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.
We are four weeks into a leasehold purchase having been directed to conveyancers by the selling agent to do our conveyancing in Brymbo. We are not happy. Could you you assist me in finding new conveyancers?
A conveyancer would need to be really bad to suggest diss instructing them. Has the mortgage offer been issued? In the event that it has you must make them aware of the new contact details and get the mortgage documents are issued to the new lawyers. The solicitor ideally needs to be on the lenders panel to avoid added expenses and frustration. That should be your starting point. Our search tool will help you find a bank approved lawyer for your conveyancing in Brymbo