I purchased a freehold residence in Wolsingham yet charged rent, why is this and what is this?
It is rare for properties in Wolsingham and has limited impact for conveyancing in Wolsingham 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 creation of fresh rentcharges post 1977.
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 extinguished.
I need some quick conveyancing in Wolsingham as I am faced with pressure to sign on the dotted line inside 4 weeks. Fortunately I do not need a mortgage. Is it possible to escape the need for conveyancing searches to save fees and time?
As you are not getting a mortgage you are at liberty not to do searches although no law firm would suggest that you don't. Drawing on our experience of conveyancing in Wolsingham the following are examples of what can be revealed and adversely impact future saleability: Refused Planning Applications, Overdue Charges, Overdue Grants, Unadopted Roads,...
four months have elapsed since my purchase conveyancing in Wolsingham completed. I have checked the Land Registry website which shows that I paid £200,000 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 residence 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.
Is it simple use the search facility to locate a conveyancing lawyer in Wolsingham on the authorised to act for my mortgage?
Step one is to choose a bank such as Birmingham Midshires, The Royal Bank of Scotland or Aldermore then type in your preferred area for example Wolsingham. Conveyancing firms in Wolsingham and nationally should be shown.
To what extent are Wolsingham conveyancing solicitors under an obligation to the Law Society to issue transparent conveyancing figures?
Contained within the Solicitors Code of Conduct are specific rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their charges to clients.The Law Society have practice note giving advice on how to publicise transparent charges to avoid breaching any such rule. Practice notes are not legal advice issued by the Law Society and is not intended as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, however, represent the Law Society’s view of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in Wolsingham or beyond.