I purchased a freehold property in Hucknall yet charged rent, why is this and what is this?
It is rare for properties in Hucknall and has limited impact for conveyancing in Hucknall 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 generation of fresh rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
I am assisting my aunt sell her house in Hucknall. Does the solicitor arrange an energy assessment or should I organise this?
Following the abolition of HIPs, energy performance certificates was retained a compulsory part of selling a property. An energy assessment needs to be to hand before the property is advertised. It is not as aspect of the sale process that lawyers ordinarily organise. Where you are using a Hucknall conveyancing practitioner they may be willing to arrange energy performance certificates given their relationships with reputable local assessors
I am the only recipient of my late grandmother’s will with all property in now in my sole name, including the house in Hucknall. Conveyancing formalities meant that the Land Registry date was in January. I now wish to sell up. I understand that there is a Mortgage Lenders six month 'rule', which means that my property ownership could be considered the same way as if I'd bought the property in January. Do I have to wait 6 months to sell?
The Council of Mortgage Lenders’ handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be impacted by that. many banks would take a pragmatic view as this provision chiefly exists to pick up on the purchase and immediately sell or the flipping of property.
Is it the case that all Hucknall CQS (Conveyancing Quality Scheme) solicitors are on the RBS conveyancing list of approved solicitors?
A selection of lenders now use the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however is no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their panels.
I got the keys to my flat on 2 August and my personal details is yet to be registered. Should I be concerned? My conveyancing solicitor in Hucknall advises it will be concluded inside ten days. Are properties in Hucknall uniquely lengthy to register?
As far as conveyancing in Hucknall is concerned, registration is no quicker or slower than the rest of the country. As opposed to being determined by geographic area, timescales can vary depending on the party submitting the application, whether it is in order and if the Land registry communicate with any 3rd persons or bodies. As of today in the region of 80% of submission are fully dealt with within 12 days but occasionally there can be protracted hold-ups. Historically registration is effected after the buyer is living at the property thus registration formalities is not usually top priority yet if it is urgent that the the registration takes place urgently then you or your solicitor must communicate with the Registry to express the reasoning for the application to be prioritised.
What advice can you give us when it comes to appointing a Hucknall conveyancing practice to deal with our lease extension?
When appointing a property lawyer for your lease extension (regardless if they are a Hucknall conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of work. We recommend that you make enquires with several firms including non Hucknall conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions might be of use:
Can they put you in touch with clients in Hucknall who can give a testimonial? What volume of lease extensions have they conducted in Hucknall in the last 12 months?
Hucknall Conveyancing for Leasehold Flats - A selection of Queries before buying
It would be prudent to discover as much as you can concerning the company managing the building as they can either make your living at the property much simpler or a lot more difficult. As the owner of a leasehold property you are frequently at the mercy of the managing agents from a financial perspective and when it comes to day to day matters such as the tidiness of the common parts. Ask other tenants what they think of their service. On a final note, find out the dates that you are obliged pay the maintenance charge to the appropriate party and specifically how they are spending that money. How many years remain on the lease?
I have been searching for Hucknall online conveyancing estimates. Can I be assured that all the Hucknall firms that are listed on your site are on the lender conveyancing panel?
The law firms listed on our site have assured us via an online form that they are on the mortgage company panel and agreed to advise us to take down their listing in the event of removal off of the bank panel. To date we have not been informed by either a bank or a member of the public that the data about a specific Hucknall firm being on the mortgage company conveyancing panel is incorrect.