I purchased a freehold premises in North Ockendon but still invoiced for rent, why is this and what is this?
It is rare for properties in North Ockendon and has limited impact for conveyancing in North Ockendon 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 fresh rentcharges from 1977 onwards.
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 extinguished.
We are planning to buy with Norwich and Peterborough Building Society. I visited 3 or 4 high street companies yet am struggling to find a North Ockendon conveyancing firm on the Norwich and Peterborough Building Society panel. Could you assist?
Feel free to make use of the search tool on this site. Pick the lender and type North Ockendon or your preferred area and you will see numerous conveyancers offices in North Ockendon or by proximity to you.
Have completed on a a semi-detached house in North Ockendon , What is the estimated time for the Land Registry to record my ownership? My North Ockendon conveyancing solicitor has been very slow, so I want to be sure that my purchase is registered.
There is nothing unique about conveyancing in North Ockendon registration formalities. Rather than based on location, timescales can differ subject to who lodges the application, whether it is in order and if the Land registry communicate with any interested persons or bodies. At present roughly 80% of submission are fully dealt with in less than three weeks but occasionally there can be protracted delays. Historically registration takes place once the new owner is living at the property so an expedited registration is not always primary concern but if there is a degree of urgency associated with the registration then you or your conveyancer should communicate with the Registry to express the reasoning for the application to be prioritised.
I am buying a new build house in North Ockendon benefiting from help to buy. The developers refused to budge the amount so I negotiated five thousand pounds worth of extras instead. The house builders rep suggested that I not to tell my lawyer about the deal as it would adversely affect my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I'm converting the mortgage on my current home to a BTL mortgage with Leeds Building Society and I will use the rest of the raised equity as a deposit on a second house. The location we are interested in is North Ockendon. Will your lawyers be able to act for the two banks and tie in the two deals?
Do use our comparison tool on this site to check that the lawyers are approved by both banks. On the basis that they are your lawyer should be able to simultaneously deal with the two deals but you should talk with you solicitor and make apparent your desired outcome and requirements.