I am the registered owner of a freehold premises in Port Isaac yet pay rent, why is this and what is this?
It is rare for properties in Port Isaac and has limited impact for conveyancing in Port Isaac 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 establishment of new rentcharges post 1977.
Previous 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 extinguished.
I am looking to buy a house and require a conveyancing solicitor in Port Isaac who is on the The Royal Bank of Scotland conveyancing. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for The Royal Bank of Scotland in certain locations such as Port Isaac. We dont recommend any particular firm.
Will commercial conveyancing searches reveal impending roadworks that could impact a commercial land in Port Isaac?
Its becoming the norm that commercial conveyancing solicitors in Port Isaac will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in Port Isaac. The report sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Port Isaac.
For every commercial conveyancing transaction in Port Isaac it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may result in delays to Port Isaac commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Port Isaac.
Due to the guidance of my in-laws I had a survey completed on a house in Port Isaac before instructing conveyancers. I have been informed that there is a flying freehold aspect to the property. My surveyor advised that some mortgage companies tend not grant a loan on a flying freehold property.
It varies from the lender to lender. Lloyds has different instructions for example to Birmingham Midshires. Should you wish to call us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Port Isaac. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Port Isaac to see if the conveyancing costs will increase in light of this.
Taking into account that I am about to part with over three hundred thousand on 3 bedroom house in Port Isaac I would like to have a conversation with the solicitor concerning thehome move prior to appointing the firm. Can this be arranged?
This is something that we encourage - we would be happy to talk to you we do not take any clients on without you speaking to the conveyancer due to be doing your conveyancing in Port Isaac.There is no ‘factory style conveyancing’ - every client is unique person, not a case number. The law firms that we put you in touch with believe that the figure you are quoted for residential conveyancing in Port Isaac should be the amount on the final invoice that you are charged.