I am the registered owner of a freehold house in South Brent but still charged rent, why is this and what is this?
It is rare for properties in South Brent and has limited impact for conveyancing in South Brent 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 many centuries, but the Rent Charge Act 1977 barred the generation of fresh 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 in 2037 will be extinguished.
My wife and I are buying a house in South Brent. I might seem paranoid but how we can trust a conveyancer? On the day of competition we have to deposit funds into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
We are getting a further advance on our home loan from Virgin Money as we intend to carry out alterations to our property in South Brent. Are we obliged to appoint a high street South Brent solicitor on the Virgin Money conveyancing panel to deal with the legals?
Virgin Money would not normally require firms on their approved list of lawyers to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Virgin Money conveyancing panel.
I have today made my last payment due on my mortgage with TSB. I assume I don't need a South Brent solicitor on the TSB panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your TSB mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the TSB mortgage from the register. TSB, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where TSB has sent the Land Registry the discharge electronically, and
- TSB has instructed the Land Registry to do so
Will our conveyancer be raising enquiries regarding flooding as part of the conveyancing in South Brent.
Flooding is a growing risk for conveyancers specialising in conveyancing in South Brent. Some people will buy a property in South Brent, fully aware that at some time, it may be flooded. However, aside from the physical damage, where a house is at risk of flooding, it may be difficult to get a mortgage, satisfactory insurance cover, or dispose of the premises. There are steps that can be taken during the course of a house purchase to forewarn the buyer.
Conveyancers are not best placed to offer advice on flood risk, however there are a numerous checks that may be undertaken by the buyer or by their conveyancers which can figure out the risks in South Brent. The conventional set of property information forms given to a buyer’s solicitor (where the Conveyancing Protocol is adopted) contains a usual question of the seller to find out if the premises has historically flooded. If flooding has previously occurred and is not disclosed by the owner, then a buyer could commence a legal claim for losses as a result of such an incorrect answer. A buyer’s solicitors will also commission an enviro report. This should reveal if there is a recorded flood risk. If so, further inquiries will need to be made.
How does conveyancing in South Brent differ for newly converted properties?
Most buyers of new build property in South Brent contact us having been asked by the builder to sign contracts and commit to the purchase even before the house is finished. This is because developers in South Brent typically acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in South Brent or who has acted in the same development.
How do I identify a South Brent law firm on the Aldermore conveyancing panel? I have a car and am prepared to travel upto 10kilometers to meet the lawyer.
Feel free to make use of the search on this website. Please pick a bank and your location and you will see a number of South Brent conveyancing lawyers locally. We have detailed some South Brent conveyancing firms at the bottom of this page and you can call them to verify if they are on the Aldermore panel