I own a freehold residence in Lampton yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Lampton and has limited impact for conveyancing in Lampton 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 many centuries, but the Rent Charge Act 1977 barred the generation of fresh rentcharges post 1977.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
I need some fast conveyancing in Lampton as I have pressure to exchange contracts inside 2 weeks. A mortgage is not required. Can I decline from having conveyancing searches to save fees and time?
As you are not obtaining a home loan you are at free not to have searches carried out although no law firm would recommend that you don't. Drawing on our experience of conveyancing in Lampton the following are instances of issues that can be revealed and adversely impact future mortgageability: Refused Planning Applications, Outstanding Fees, Outstanding Grants, Road Schemes,...
Due to the advice of my in-laws I had a survey completed on a house in Lampton before instructing conveyancers. I have been advised that there is a flying freehold overhang to the house. The surveyor has said that some mortgage companies will refuse to issue a mortgage on this type of premises.
It depends who your proposed lender is. HSBC has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Lampton. Conveyancing may be slightly more expensive based on your lender's requirements.
I have been pointed in your direction by a few estate agents in Lampton to locate a property lawyer using your seach tool. What’s the financial advantage for Estate Agents to recommend your lawyers ahead of alternative conveyancing organisations?
We don’t make any referral fee for directing people in our direction. We thought it would be too underhand a fee as members of the public would think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
I am thinking of appointing a conveyancing solicitor in Lampton for my home move. Is there any facility to check a solicitor's record with the legal regulator?
You can see presented Solicitor Regulator Association (SRA) determinations resulting from inquisitions from 2008 onwards. Go to Check a solicitor's record. To find records Pre 2008, or to check a solicitors record, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, dial +44 (0)121 329 6800. The regulator could monitor telephone calls for training requirements.