I am the registered owner of a freehold premises in Lamorbey but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Lamorbey and has limited impact for conveyancing in Lamorbey 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 generation of fresh rentcharges post 1977.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
My grandmother passed away last year and as sole heir and executor I was left the property in Lamorbey. The house had a relatively small loan left on it of around £5k. I want to have the title changed into my name whilst I re-mortgage to Nationwide, pay off the mortgage. Is this allowed?
Where you intend to re-mortgage then Nationwide will insist on your using a conveyancer on the Nationwide conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Nationwide conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Nationwide mortgage is registered as a charge at the Land Registry.
Despite weeks of looking the Title Certificate and documents to my house can not be found. The lawyers who conducted the conveyancing in Lamorbey 10 years ago are no longer around. Will I be able to sell the house?
Nowadays there are copies made of almost everything, and your solicitor should be aware exactly where to look for all the suitable documentation so you can purchase or dispose of your house without any difficulty. If duplicates are not available, your conveyancer can arrange cover in the form of insurance or indemnities against future claims on the premises.
I'm converting the mortgage on my primary home to a BTL loan with Britannia and I will use the ballance of the raised equity towards further property. The location we are talking about is Lamorbey. Will your solicitors be able to act for the two mortgage companies and tie in the conveyances?
Do use our comparison tool on this page to check that the conveyancers are approved by both mortgage companies. Having checked that they are your lawyer should be able to connect the two deals but you should have a chat with you lawyer and specify your desired outcome and needs.
To what extent are Lamorbey conveyancing solicitors duty bound by the Law Society to publish transparent conveyancing figures?
Contained within the Solicitors Code of Conduct are prescriptive rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their charges to clients.The Law Society have a 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 to be regarded as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, however, represent the Law Society’s perspective of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in Lamorbey or beyond.