I purchased a freehold residence in Abercynon but nevertheless charged rent, why is this and what is this?
It is rare for properties in Abercynon and has limited impact for conveyancing in Abercynon 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 generation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
My Solicitor in Abercynon is not on the Leeds Building Society Approved Panel. Is it possible for me to use my family solicitor even though they are not on the Leeds Building Society approved list?
The limited options available to you here include:
- Complete the purchase with your preferred Abercynon lawyers but Leeds Building Society will need to retain a conveyancer on their list of acceptable firms. This will result in additional overall legal fees and result in frustration.
- Choose an alternative practitioner to act in the conveyancing, remembering to check they are Persuade your conveyancer to use their best endeavours to join the Leeds Building Society conveyancing panel
When it comes to lenders such as Bank of Ireland, do Abercynon conveyancing practitioners face a fee to be on the list of approved solicitors?
We are not aware of any bank fees to register on their list of approved firms, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
I am expecting a OIP from Barclays 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 Barclays recommend any Abercynon solicitors on the Barclays conveyancing panel, or is it better to go independently?
You will need to appoint Abercynon solicitors independently although you'll need to choose one on the Barclays conveyancing panel. The solicitor represents both you and Barclays through the process.
The formalities of my remortgage has taken place for my property in Abercynon. Conveyancing was a necessary evil but I would like to complain about the lender. How do I make a complaint?
All banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Department at head office. In most cases complaints to a lender are resolved effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
Due to the input of my in-laws I had a survey completed on a property in Abercynon before retaining lawyers. I have been advised that there is a flying freehold aspect to the house. Our surveyor advised that some mortgage companies tend refuse to give a loan on a flying freehold home.
It varies from the lender to lender. Santander has different instructions from Halifax. If you call us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Abercynon. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Abercynon to see if the conveyancing costs will increase in light of this.
Why is New Build conveyancing in Abercynon more expensive?
Conveyancing in Abercynon for recently converted or new build properties can sometimes involve adoption of highways & drains, building regulations approval, planning permission, new build warranties such NHBC as well as supplemental questions and contractual concerns.