I own a freehold residence in Sharnbrook but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Sharnbrook and has limited impact for conveyancing in Sharnbrook 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 many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges post 1977.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
We previously appointed conveyancers locally in Sharnbrook on the Nationwide solicitor approved list. They have just billed me a supplemental charge for handling the Nationwide mortgage. Is this an additional conveyancing fee set by Nationwide?
Provided it is contained in their Terms and Conditions or Quote then yes your lawyer can charge a fee for this. This charge is not set by Nationwide but by your Sharnbrook lawyer. Some firms on the Nationwide panel will quote ’dealing with mortgage’ fee and others do not.
I'm in the throws of looking at apartments in Sharnbrook and I am now considering a potential offer. Is it best to have my conveyancing practitioner on ‘stand by’? I will be getting a mortgage with Co-operative.
You should start requesting conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their details on to the selling agent. Given that you are seeking a mortgage with Co-operative, make sure you remember to check that your lawyer is on the Co-operative conveyancing panel.
The mortgage over my property is with TSB for my property in Sharnbrook. Conveyancing was finalised a year ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform TSB?
Your original mortgage agreement with TSB will provide that you need their approval in advance of renting your property as this is likely to be a breach of TSB’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact TSB directly. It should not be necessary to do this via a TSB conveyancing panel firm.
I am buying a new build flat in Sharnbrook. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Sharnbrook
Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Forfeiture - bankruptcy or liquidation must not apply under this provision. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. There must be mutual enforceability of lessee’s covenants.
Due to the input of my in-laws I had a survey completed on a house in Sharnbrook in advance of instructing solicitors. I have been informed that there is a flying freehold element to the house. My surveyor has said that some mortgage companies may refuse to issue a mortgage on such a house.
It varies from the lender to lender. Santander has different instructions from Nationwide. If you call us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Sharnbrook. Conveyancing will be smoother if you use a solicitor in Sharnbrook especially if they are familiar with such properties in Sharnbrook.
In my capacity as executor for the estate of my grandfather I am selling a residence in Swansea but reside in Sharnbrook. My conveyancer (who is 300 miles from meneeds me to sign a stat dec before the transaction finalising. Can you recommend a conveyancing lawyer in Sharnbrook who can witness this legal document for me?
strictly speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will be fine regardless of whether they are Sharnbrook based