I own a freehold property in Leicestershire but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Leicestershire and has limited impact for conveyancing in Leicestershire 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 many centuries, but the Rent Charge Act 1977 barred the creation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
We're in Leicestershire, FTBs purchasing with a mortgage (lender is Principality , and our lawyer is on the Principality conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Principality conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I am due to move home in August. Will my conveyancing solicitor call the removal company on the completion day. Incidentally, can you suggest a removal company in Leicestershire. Conveyancing lawyer was chosen before I stumbled across this website.
On the afternoon of completion you will need to pick up the keys from your property agent however this should only happen once the vendors solicitors confirm to the agent that they have the completion monies and the keys can be given over. After that you should advise the removal company that you are ready to move in. We do not suggest a specific removal organisation but can assist you in choosing a residential property solicitor in Leicestershire or a firm that specialises in conveyancing in Leicestershire.
I'm spending time viewing flats in Leicestershire and I am now considering a potential offer. Is it too early to have a solicitor in place? I intend to finance via a home loan with Santander.
You should start requesting conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the selling agent. Given that you are taking out a mortgage with Santander, ask your prospective lawyers if they are on the Santander conveyancing panel otherwise they can't do the mortgage legal work.
The formalities of my purchase has taken place for my property in Leicestershire. Conveyancing was satisfactory but I would like to complain about the lender. How does one go about formally complaining?
Most lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Department at head office. We understand that complaints to a lender are resolved effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
I need some quick conveyancing in Leicestershire as I have pressure to exchange contracts in less than 2 weeks. Fortunately I do not require a mortgage. Can I escape the need for conveyancing searches to save fees and time?
If.Given you are are a cash buyer you are at free not to do searches although no conveyancer would suggest that you don't. Drawing on years of experience of conveyancing in Leicestershire the following are examples of issues that can appear and adversely affect future mortgageability: Refused Planning Applications, Outstanding Fees, Outstanding Grants, Road Schemes,...
Living abroad it is not practicable to visit my Leicestershire conveyancing lawyers office to sign documents connected to my conveyancing in Leicestershire – is this a problem?
Not a problem. Leicestershire conveyancing solicitors can handle home moves for clients wider afield. It is not necessary for you to be able to meet your lawyer in the flesh at a Leicestershire conveyancers office. Almost all property lawyer can deal with all communications via post, email, telephone and fax.