I am the registered owner of a freehold residence in St Athan yet invoiced for rent, why is this and what is this?
It is rare for properties in St Athan and has limited impact for conveyancing in St Athan 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 fresh 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 after 2037 will be dispensed with completely.
Do I find a Licenced Conveyancer or Solicitor for conveyancing in St Athan?
There are two types of lawyers who can conduct conveyancing in St Athan namely licenced conveyancers or solicitors. The two can administer the legal services that required to complete the sale or purchase of property. They are both required to perform St Athan conveyancing on similar standards and guidelines so you can be safe in the knowledge that your conveyancing will be professionally administered and that all requirements and procedures will be appropriately followed.
I am the only beneficiary of my late mum's estate and I have everything in my name alone, including the my former home in St Athan. Conveyancing formalities meant that the Land Registry date was in January. I plan to dispose of the property. I understand that there is a Mortgage Lenders six month 'rule', meaning my proprietorship will be considered the same way as though I had purchased the property in January. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be caught by that. How sensible a view mortgage companies take of it, depend on the lender as this requirement is primarily there to pick up on subsales or the quick reselling of properties.
We were going to get a OIP from Bank of Ireland 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 Bank of Ireland recommend any St Athan solicitors on the Bank of Ireland conveyancing panel, or is it better to go independently?
You will need to appoint St Athan solicitors independently although you'll need to choose one on the Bank of Ireland conveyancing panel. The solicitor represents both you and Bank of Ireland through the process.
Taking into account that I will soon part with £400,000 on a garden flat in St Athan I would like to talk to a conveyancer concerning thehouse move before appointing the firm. Is this something that you can arrange?
Absolutely - it is our preference to talk to you we do not take any clients on without you speaking to the lawyer who will be carrying out your conveyancing in St Athan.There is no ‘factory style conveyancing’ - each client is an important individual, not a case number. The practices that we put you in touch with believe that the figure you are quoted for residential conveyancing in St Athan should be the figure that you end up paying.
I would like to rent out my leasehold flat in St Athan. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for permission?
A small minority of properties in St Athan do contain a provision to say that subletting is only allowed with permission. The landlord is not entitled to unreasonably refuse but, in such cases, they would need to review references. Experience suggests that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.
St Athan Conveyancing for Leasehold Flats - Sample of Queries before buying
What prohibitions are there in the St Athan Lease? How much is the ground rent and service charge? It would be wise to discover if the the lease contains any onerous restrictions in the lease. By way of example it is reasonably common in St Athan leases that pets are not allowed in certain buildings in St Athan. If you love the flatin St Athan yet your cat can’t move with you then you will be faced difficult determination.
My wife and I have recently had an offer agreed on a property and had an appointment on Friday with Leeds Building Society for the mortgage. They have informed me that when it comes to appointing a property lawyer that if they are not on their approved panel of conveyancing practitioners then we will have to pay out a further fee of £200. This is is due to the fact that they will then have to select a property lawyer to act on their behalf as well as the one we choose to act for ourselves and we will be on the hook for their invoice. I have requested Leeds Building Society to furnish me with a list so I can obtain estimates only from their approved lawyers but was told that I need to check with each individual solicitor to see if they are on the panel. Is their an easier way of going about this?
Ask Leeds Building Society what their criteria for joining their panel is for a conveyancer.Then ask the conveyancing practitioner of your choice whether they meet the criteria and have they acted on mortgages for Leeds Building Society historically. If the answer to those is yes, then just clarify this with Leeds Building Society. Alternatively please utilise our search facility and we may be able to identify a conveyancing practitioner in St Athan on the approved list for Leeds Building Society.