I own a freehold premises in Tiverton yet pay rent, why is this and what is this?
It is rare for properties in Tiverton and has limited impact for conveyancing in Tiverton 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 hundreds of years, but the Rent Charge Act 1977 barred the establishment of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
When reviewing mumsnet.com for a cheap solicitor in Tiverton, many say that I should use a CQS kitemarked lawyer. Can you explain what CQS is?
Tiverton Conveyancing Quality Scheme practices have achieved certification under the Law Society's Scheme (CQS) CQS was established to establish evidence of quality standards in the in the legal transfer of properties. CQS helps buyers and sellers to identify practices that provide a quality residential conveyancing. Tiverton is one of locations in England and Wales in which accredited firms are located. The conveyancing scheme requires practices to undergo a strict assessment, compulsory training, self-reporting, random audits and annual reviews in order to maintain CQS status. It is open only to members of the Law Society who meet the demanding standards set by the scheme and has the support of the Legal Ombudsman.
What will a local search tell me about the property I am buying in Tiverton?
Tiverton conveyancing often starts with the submitting local authority searches directly from your local Authority or through a personal search organisations such as Xpress Legal The local search is essential in every Tiverton conveyancing purchase; as long as you don’t want any unpleasant once you have moved into your new home. The search will supply information on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject sections.
2 months have elapsed following my purchase conveyancing in Tiverton took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How simple is it to use your search app to find a conveyancing practitioner in Tiverton on the panel for my lender?
First choose a bank such as Birmingham Midshires, Leeds Building Society or Nottingham Building Society then type in your preferred area e.g. Tiverton. Conveyancing practices in Tiverton and nationally should be listed.