I purchased a freehold house in Oswestry yet pay rent, why is this and what is this?
It is rare for properties in Oswestry and has limited impact for conveyancing in Oswestry 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 creation of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
The Oswestry conveyancing lawyers that I appointed last week on my house acquisition in Oswestry have without warning closed. They were on acting for me because I needed a firm on the Barclays conveyancing panel and my family Oswestry lawyer was not. I paid them 275 plus VAT in advance. What should be my next steps?
If you have an estate agent involved then inform them immediately so that they advise the vendors that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Barclays conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to assist.
I am helping my step-mother sell her property in Oswestry. Does the conveyancer commission the energy assessment or it is for me to see to?
After the abolition of HIPs, EPC’s was kept a compulsory part of selling a house. An EPC should be commissioned before the property is marketed. It is not something that lawyers normally arrange. If you are instructing a Oswestry conveyancing solicitor they may be able to arrange EPC’s given their contacts with long established Oswestry accredited person
I happen to be the single recipient of my late father’s will and I have everything in my name now, including the my former home in Oswestry. Conveyancing formalities meant that the Land Registry date was in June. I want to move. I do know about the CML six month 'rule', which means that my proprietorship could be treated the same way as though I had purchased the house in June. Is the property unsalable for six months?
The CML handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be impacted by that. Most banks would take a sensible view as this obligation primarily exists to pick up on the purchase and immediately sell or the quick reselling of property.
Is it the case that all Oswestry conveyancing solicitors on the Aldermore conveyancing panel are overseen by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Aldermore approved list of solicitors they would need to be overseen by the Solicitors Regulatory Authority. Many banks do allow licenced conveyancers on their panel and in such a situation the organisation would be regulated by the Council of Licensed Conveyancers.
I am 3 weeks into a leasehold purchase having been recommend to a firm by the local agent to carry out the conveyancing in Oswestry. I am am very frustrated with the quality of service. Could you you assist me in finding new lawyers?
A lawyer would have to be really poor to suggest replacing them. Has the loan offer been generated? If so you need to inform them of the new contact details and ensure the loan are issued to the new lawyers. Your new conveyancer should be on the banks approved list to avoid supplemental expenses and delays. So that should be your starting point. Our search tool should help you find a bank approved lawyer for your conveyancing in Oswestry
Are you able to shed any light on the spectrum of conveyancing offered by Oswestry conveyancing solicitors?
On the whole Oswestry conveyancing firms can handle various assistance to domestic and rural land owners, vendors, first time buyers, landlords and tenants helping outwith some of the following:
House sale conveyancing in Oswestry or elsewhere in the country
House purchase conveyancing in Oswestry and beyond
Probate conveyancing and court of protection Equity transfer between partners and families Amanah Compliant Finance including sales, purchases and refinances Advice on purchasing property as Tenants in Common