I own a freehold house in Derby but still pay rent, why is this and what is this?
It’s unusual for properties in Derby and has limited impact for conveyancing in Derby 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 post 1977.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
Will my conveyancer be asking questions about flooding during the conveyancing in Derby.
The risk of flooding is if increasing concern for solicitors dealing with homes in Derby. There are those who purchase a house in Derby, fully aware that at some time, it may be flooded. However, aside from the physical damage, if a property is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or sell the property. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.
Solicitors are not best placed to give advice on flood risk, but there are a various checks that may be carried out by the purchaser or on a buyer’s behalf which will figure out the risks in Derby. The conventional set of property information forms supplied to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a standard inquiry of the owner to find out if the property has historically flooded. If flooding has previously occurred and is not disclosed by the seller, then a purchaser could bring a claim for damages as a result of such an inaccurate reply. The buyer’s conveyancers will also conduct an enviro report. This will disclose if there is a recorded flood risk. If so, more detailed inquiries will need to be made.
I have justfound out that Stirling Law have closed. They conducted my conveyancing in Derby for a purchase of a leasehold apartment 18 months ago. How can I check that my home is registered correctly in the name of the previous owner?
The quickest way to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Derby conveyancing specialists.
How simple is it to swap firm as I have to instruct one who is on the Halifax conveyancing panel. I had appointed a family conveyancing solicitor in Derby round the corner but he is not accepted by Halifax
It would be our pleasure to assist you find a conveyancing solicitor in Derby on the Halifax panel. Please note that the conveyancers that we work with do not pay us commission if you instruct them and are under regulation of the Solicitors Regulation Authority who oversee all conveyancing solicitors in Derby. In utilising the find a conveyancing solicitor tool on this site, you can scrutinise fees for conveyancing solicitors in Derby and throughout England and Wales.
Do online conveyancing companies do everything a local Derby solicitor does or must I retain a solicitor for the final stages for my conveyancing in Derby?
If you instruct an online conveyancer they should cover all the work your Derby conveyancer would cover.