I am the registered owner of a freehold house in Ditchling but still charged rent, why is this and what is this?
It’s unusual for properties in Ditchling and has limited impact for conveyancing in Ditchling 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.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
I am purchasing a garden flat in Ditchling. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Ditchling you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Ditchling.
I can see plenty of information on this site about conveyancing in Ditchling but what is your top tip for appointing the right conveyancer in Ditchling
It would be unwise to be swayed by the cheapest Ditchling conveyancing fees. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
I'm in the process of viewing houses in Ditchling and I am about to put in an offer. Is it premature to have a solicitor in place? I intend to finance via a mortgage with Lloyds.
You should start requesting conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the selling agent. As you are obtaining a mortgage with Lloyds, ask your prospective lawyers if they are on the Lloyds conveyancing panel otherwise they can't do the mortgage legal work.
TSB have agreed my mortgage in principle, my offer on a house in Ditchling has been accepted, what happens next?
Your estate agent will want to know who your solicitors are (be sure the property lawyers are on the bank’s panel). Telephone TSB or the financial adviser and complete any outstanding paperwork. TSB will sellect a valuer who will get in contact with the selling agent or seller to arrange an appointment. Once conducted (assuming no problems) it takes approximately a week for the mortgage offer to be issued. TSB will send the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Ditchling.
How does conveyancing in Ditchling differ for newly converted properties?
Most buyers of new build residence in Ditchling come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is completed. This is because builders in Ditchling usually purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Ditchling or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a property I have offered on two weeks back in what should have been a straight forward, chain free conveyancing. Ditchling is where the house is located. What do you suggest?
Flying freeholds in Ditchling are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Ditchling you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ditchling 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.