I purchased a freehold property in Swanley yet pay rent, why is this and what is this?
It is rare for properties in Swanley and has limited impact for conveyancing in Swanley 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 extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
I am considering applying for a Lloyds mortgage for purchase of a newly converted (under development) in Swanley with 60% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Lloyds ?
There is nothing to stop you using your solicitor, but Lloyds will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
We are selling our house in Swanley and the buyers lawyers are claiming that there is a risk of it being built land that was not decontaminated. A local lawyer would know this is not the case. For the life of me I don't know why the buyers used an online conveyancing firm rather than a conveyancing solicitor in Swanley. We have lived in Swanley for three years we know of no issue. Do we contact our local Authority to obtain confirmation that there is no issue.
It would appear that you have a conveyancing lawyer already. What do they say? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
Despite weeks of looking the Title Certificate and documents to my home can not be found. The solicitors who conducted the conveyancing in Swanley 5 years ago are no longer around. What do I do?
Gone are the days when you need to have the physical deeds to evidence that you are the owner of your registered land or premises, as the Land Registry have everything they need in a digital format.
I'm refinancing my current home to a BTL loan with Coventry Building Society and I will use the ballance of the raised equity as a deposit on further house. The location we are talking about is Swanley. Will your lawyers be able to act for both sets of mortgage companies and link together the two deals?
Make use of our search tool on this site to be sure that the lawyers are approved by both banks. Assuming that they are the lawyer should be able to tie up the two conveyancing matters but you should talk with you lawyer and make apparent your expectations and needs.