I purchased a freehold house in Penzance but nevertheless charged rent, why is this and what is this?
It is rare for properties in Penzance and has limited impact for conveyancing in Penzance 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 new rentcharges from 1977 onwards.
Old 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 dispensed with completely.
My Conveyancer in Penzance has never been on on the Virgin Money Solicitor Panel. Is it possible for me to use my family solicitor notwithstanding that they are not on the Virgin Money panel of approved conveyancing solicitors?
Your options are as follows:
- Complete the purchase with your existing Penzance solicitors but Virgin Money will need to use a lawyer on their list of acceptable firms. This will result in additional overall legal charges and result in frustration.
- Get an alternative solicitor to to deal with the conveyancing, remembering to check they are Persuade your conveyancer to do everything within their powers to join the Virgin Money conveyancing panel
We are planning to move house in April. Will my conveyancing solicitor call the removal company on the completion day. Incidentally, can you put forward a removal company in Penzance. Conveyancing lawyer was chosen prior to coming across your website.
On the day of completion you can collect the keys from the selling agent but this can only happen when the vendors conveyancers inform the agent that they acknowledge receipt of the completion payment and the keys can be released. Subsequently you should advise the removal men that they can start moving you in. As a matter of policy we do not recommend a particular removal organisation but can assist you in choosing a conveyancing in Penzance or a solicitor with expertise in conveyancing in Penzance.
We previously instructed solicitors with offices in Penzance on the Virgin Money solicitor approved list. They are now charging me a supplemental charge for handling the Virgin Money mortgage. Is this an additional conveyancing fee specified by Virgin Money?
Unfortunately, so long as it is in their Terms of Engagement or estimate then yes your lawyer can levy a fee for this. The charge is not set by Virgin Money but by your Penzance conveyancer. Plenty of firms on the Virgin Money panel will levy ’dealing with mortgage’ fee but many practices include it on their overall fee.
We were going to get a OIP from RBS this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do RBS recommend any Penzance solicitors on the RBS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Penzance solicitors independently although you'll need to choose one on the RBS conveyancing panel. The solicitor represents both you and RBS through the process.
How do I search for a Penzance solicitor on the The Mortgage Works conveyancing panel? I have a car and am happy to travel upto 25miles to meet the conveyancer.
You can use the facility on this website. Please choose the lender and your location and you will see a number of Penzance conveyancing lawyers locally. We have detailed some Penzance conveyancing firms at the bottom of this page and you can telephone them to check whether they are on the The Mortgage Works approved list
I have been recommended a conveyancing solicitor in Penzance. I need to find out if they are listed on the lender's approved list of lawyers. Could you help?
You should call the solicitor and ask them if they are on the bank's panel. If that does not help call us and we can investigate and revert. If they are not on the bank panel we can certainly arrange a reputable conveyancing solicitor in Penzance on the panel for your mortgage company.