I purchased a freehold premises in Kidwelly but still charged rent, why is this and what is this?
It’s unusual for properties in Kidwelly and has limited impact for conveyancing in Kidwelly 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 hundreds of years, but the Rent Charge Act 1977 barred the generation of new rentcharges post 1977.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
My apartment in Kidwelly is up for sale and I have accepted an offer. Does my conveyancing practitioner need to be required to be on the Yorkshire BS conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Yorkshire BS conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently at the moment.
There are numerous conveyancing solicitors in Kidwelly but how do I know who I should use?
We would encourage you not to go for the lowest Kidwelly conveyancing quote. You really do get what you’re paying for when it comes to property lawyers. 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 know exactly what you’ll have to pay in advance.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Kidwelly?
There are two types of lawyers who can carry out conveyancing in Kidwelly namely licenced conveyancers or solicitors. The two can provide the legal services that you need to complete the disposal or acquisition of property. They are both obliged to execute Kidwelly conveyancing to the same standards and guidelines so you may be safe in the knowledge that your conveyancing will be professionally carried out and that the necessary steps will be appropriately taken.
Have just purchased a repossessed house at auction in Kidwelly. Conveyancing is required. What happens now?
Now that you are to in every practical sense signed on the dotted line you now have to retain a conveyancing lawyer quickly as you will have a fast approaching a drop dead date to complete the transaction. All auction property will have an associated auction set of papers. This will likely include the copy title deeds, local authority and drainage searches. If you have purchased leasehold premises the legal pack should contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork pertinent to leasehold premises. You should pass this on to the conveyancer instructed by you at the earliest opportunity. Do make sure that that you have the requisite funding organised to complete on the on the contractual date .
A friend advised me that if I am buying in Kidwelly I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally quoted for as part of the standard Kidwelly conveyancing searches. It is not a small document of more than thirty pages, listing and setting out significant information about Kidwelly around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Kidwelly Education with plans and statistics, Local Amenities and other useful information regarding Kidwelly.
I am an executor of my recently deceased mum’s Will, with a bungalow in Kidwelly which is to be marketed. The bungalow has never been registered at HMLR and I'm told that many buyers solicitors will insist that it is done before they'll move forward. What's the procedure for this?
In the situation that you have set out it seems sensible to seek to register in the names of the personal representative(s) as named in the probate and in their capacity as PRs. The Land Registry’s online guidance explains how to register for the first time and what is required re the deeds and forms. You would need to include and official copy of the probate as well and complete the form FR1 to refer to the PRs as the applicant.