I purchased a freehold premises in Malvern yet pay rent, why is this and what is this?
It is rare for properties in Malvern and has limited impact for conveyancing in Malvern 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 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 in 2037 is to be dispensed with completely.
Is there a search tool that I can use to find out if the solicitor conducting my conveyancing in Malvern is on the bank’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Clydesdale thus paying £192.00 in another set of legal charges.
You should make use of the find a lender approved solicitor tool on this page. Please choose the mortgage company and type ‘Malvern’ or your location and you will be presented with numerous conveyancers located in Malvern or by proximity to you.
My wife and I are purchasing a flat in Malvern. It might be a silly question but how we can trust a conveyancer? On completion day we will need to send funds into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Forgive me if this question is silly but I am unseasoned as FTB of a garden flat in Malvern. Do I collect the keys to the property on the completion date from my solicitor? If so, I will appoint a High Street conveyancing solicitor in Malvern?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will electronically transfer the completion advance to the seller's solicitors, and once they have received this, you will be called to collect the keys from the selling Agents and start moving into the property. This tends to happen between 1 and 3pm.
Is there a list of UBS panel solicitors in Malvern on the Council of Mortgage Lender’s Website?
No. There is no such tool on the CML or Building Society Association sites. A small selection of banks make their panel listings open the public online. Where you are looking for a Malvern conveyancing practitioner on the UBS please make the most of our tool.
A relative recommended that if I am buying in Malvern I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally included in the estimate for your Malvern conveyancing searches. It is not a small report of more than thirty pages, listing and setting out important information about Malvern around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful data concerning Malvern.
How does conveyancing in Malvern differ for newly converted properties?
Most buyers of new build or newly converted property in Malvern approach us having been asked by the developer to sign contracts and commit to the purchase even before the premises is completed. This is because developers in Malvern tend to buy the land, 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 property lawyers 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 Malvern or who has acted in the same development.