I own a freehold property in Newtown yet invoiced for rent, why is this and what is this?
It is rare for properties in Newtown and has limited impact for conveyancing in Newtown 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 redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
I am assisting my sister sell her flat in Newtown. Does the conveyancer arrange an energy performance certificate or it is for me to see to?
Following the demise of HIPs, energy assessments remained a required component of moving property. An EPC needs to be to hand prior to the property being put on the market. This is not a task that solicitors ordinarily arrange. If you are using a Newtown conveyancing solicitor they might help arrange energy performance certificates given their relationships with reputable Newtown energy assessors
Can I be sure that the Newtown conveyancing solicitor on the Principality panel is any good?
When it comes to conveyancing in Newtown seeking recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always suggest that you speak with the lawyer conducting your transaction.
I currently have a mortgage with Kent Reliance for my property in Newtown. Conveyancing was finalised a year ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Kent Reliance?
You must advise Kent Reliance before letting out your property as this is likely to be a breach of Kent Reliance’s mortgage conditions. It may be that Kent Reliance will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Kent Reliance directly. It should not be necessary to do this via a Kent Reliance conveyancing panel firm.
I used Arc property Solicitors several years past for my conveyancing in Newtown. Now, I need the files however the law firm has closed. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Newtown of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I need to find a conveyancing solicitor for my conveyancing in Newtown. I've stumble across a site which appears to be the perfect offering If it is possible to get all the legals done via phone that would be preferable. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
At what point do I cover the costs of stamp duty chargeable for my Newtown property purchase?
Your conveyancer will complete a stamp duty return for you during your Newtown purchase transaction for signature. On completion your lawyer will submit the STL application to the Inland Revenue and - as long as they have the funds - discharge any tax bill liability for you.