I am the registered owner of a freehold house in Wrexham yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Wrexham and has limited impact for conveyancing in Wrexham 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 post 1977.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
My husband and I are buying a purpose built flat in Wrexham with a homeloan from Halifax.We use our Wrexham conveyancing lawyer but Halifax informed us she’s not listed on their approved list of member firms. We have to appoint a Halifax panel solicitor or retain our preferred solicitor and pay for a Halifax panel lawyer to represent them. This seems very unfair; Can we not simply insist that Halifax use our lawyer?
Unfortunately,no. The mortgage offered to you is subject to its various provisions, a common one being that lawyers must be on the Halifax approved list. in the past, most lenders had large numbers of solicitors on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Halifax
Various internet forums that I have visited warn that are the main reason for hinderance in Wrexham house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) released findings of research by MoveWithUs that conveyancing searches do not figure within the common causes of delays during the legal transfer of property. Local searches are not likely to feature in any delay in conveyancing in Wrexham.
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At this site secure a fixed fee costs illustration from a Solicitor or Licensed Conveyancer that understands the issues for your conveyancing in Wrexham. As opposed to estate agents and brokerage sites we do not charge firms a fee if you select them for your property ownership legalities in Wrexham
I am purchasing a garden apartment in Wrexham. Conveyancing lawyer is waiting for, from the seller, building insurance paperwork. I was told today I was advised that the vendor needs to send the insurance documents for the flat above also. Why would my solicitor need to review the insurance for the other flat? Is it strictly necessary? We have been in hold for the previous month…
It is not unheard of in leasehold conveyancing in Wrexham to discover Conveyancing in Wrexham in a minority of cases reveals that the lease requires the leasehold owners to insure their individual flats as opposed to the landlord insuring the complete block - which is definitely preferable. You should clarify with your solicitor but it would appear that your conveyancing practitioner is seeking to establish that the entire building is insured. Insuring your flat is no help when it comes to rebuilding after a fire if the 1st floor cannot be rebuilt due to lack of insurance.