I purchased a freehold house in Sawston but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Sawston and has limited impact for conveyancing in Sawston 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.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
What is the difference between a licensed conveyancer and conveyancing solicitor in Sawston
There are many recorded licenced Conveyancers in Sawston and Solicitor partnerships in Sawston who can assist with your conveyancing We would stress that both are supervised by regulatory bodies with both specialising in the legal work in transferring property. They may both also deal with other property legal work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
Does a directory service exist listing Aldermore panel solicitors in Sawston on the Council of Mortgage Lender’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association sites. A small selection of lenders make their panel listings visible on the web. Where you are looking for a Sawston solicitor on the Aldermore please use our facility.
We have a mortgage agreed in principle with Nationwide. Sawston conveyancing practitioners were instructed. How long does it take for Nationwide to send the offer to the property lawyer?
There is no definitive answer here. Have Nationwide completed the valuation? Have you advised Nationwide as to your lawyers' details and checked that your lawyers are on the Nationwide conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
Are there any apps to help search for a Sawston solicitor on the Nottingham Building Society conveyancing panel? I drive a motor bike and am happy to travel upto 20miles to meet the conveyancer.
Feel free to make use of the facility on this website. Please select a mortgage company and your location and you will see a number of Sawston conveyancing lawyers located nearest you. We have detailed some Sawston conveyancing firms towards the end of this page and you can call them to see if they are on the Nottingham Building Society panel
My husband and I are four weeks into a leasehold purchase having been referred to conveyancers by the estate agent to perform conveyancing in Sawston. I am not happy. Could you help me find new conveyancers?
They would have to be really poor to suggest replacing them. Has the mortgage been generated? In the event that it has you will need to make them aware of the new contact details and ensure the mortgage documents are re-sent. Your solicitor ideally needs to be on the mortgage company approved list to avoid supplemental fees and frustration. So that should be your starting point. The search tool can assist you in finding a bank approved solicitor for your home move in Sawston
My wife and I have AIP from Aldermore who have advised we could borrow up to £218k. At what point do I need to appoint a practitioner for conveyancing? Sawston is where we are purchasing.
You can instruct a lawyer now so that the lawyer can open the ledger so they can do their ID checks etc. As and when you wish them to commence work they will seek a deposit normally about £175. That should generally be once you have the loan offer from your bank and survey results, nevertheless should you wish to speed the process you can start quicker even though you may be risking some money.