I can't travel far from Carbis Bay. What is the rationale as to why all Carbis Bay solicitors are not on all mortgage company panels?
Lenders highlight the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud annually.The elimination of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its conclusions included recommendations for lenders to review their conveyancing panels, which kicked off a major policy change in the sector. It led to lenders culling less reputable firms off their official list of approved conveyancing practitioners .
I purchased a freehold house in Carbis Bay but still charged rent, why is this and what is this?
It is rare for properties in Carbis Bay and has limited impact for conveyancing in Carbis Bay 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 many centuries, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
My uncle passed away six months ago and as sole heir and executor I was left the house in Carbis Bay. The house had a small mortgage left on it of around £4500. I want to have the title changed into my name whilst I re-mortgage to Coventry BS, pay off the mortgage. Is this allowed?
Where you plan to re-mortgage then Coventry BS will require that you use a conveyancer on the Coventry BS conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Coventry BS conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Coventry BS mortgage is registered as a charge at the Land Registry.
We are purchasing a property and the lawyer has referenced Chancel Repair for which the property could be liable given it’s proximity to the area of such a church. He has recommended insurance. Is this strictly appropriate for conveyancing in Carbis Bay
Unless a previous purchase of the premises took place after 12 October 2013 you can assume that conveyancing practitioners delivering conveyancing in Carbis Bay to continue to propose a a chancel search and or chancel repair liability policy.
Me and my brother own a semi-detached Georgian house in Carbis Bay. Conveyancing solicitor acted for me and Clydesdale. I did a free Land Registry search last week and there are a couple of entries: one for freehold, another for leasehold under the exact same property. I thought I was buying a freehold how can I check?
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 Carbis Bay and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the position with the conveyancing practitioner who carried out the work.