I am the registered owner of a freehold premises in West Byfleet yet invoiced for rent, why is this and what is this?
It is rare for properties in West Byfleet and has limited impact for conveyancing in West Byfleet 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 establishment of fresh rentcharges from 1977 onwards.
Previous 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.
Can you point me to a directory of RBS panel conveyancers in West Byfleet on the Building Society Association’s Website?
Unfortunately not yet. There is no such tool on the CML or Building Society Association sites. A small selection of mortgage companies make their panel listings available online. If you are seeking to appoint a West Byfleet lawyer on the RBS please use our tool.
I am purchasing a property in West Byfleet. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Yorkshire BS be concerned?
Given that your lender is Yorkshire BS your lawyer must comply with the formal instructions contained in Part 2 of UK Finance Lenders’ Handbook for Yorkshire BS. The CML Handbook sets out minimum conditions for solar panel roof-space leases, and property lawyers are required to report to Yorkshire BS where a lease does not satisfy these specifications. The provisions relate to the installation of panels on properties in England and Wales and is not isolated to West Byfleet.
About to purchase house in West Byfleet. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Santander conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the West Byfleet conveyancer is on the Santander conveyancing panel.
Are there restrictive covenants that are commonly identified during conveyancing in West Byfleet?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in West Byfleet. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm refinancing my primary house to a buy to let loan with Godiva Mortgages Ltd and I will use the ballance of the raised equity as a down payment on a second house. The neighborhood we are interested in is West Byfleet. Will your solicitors be able to act for both sets of lenders and link together the two deals?
Do use our comparison tool on this page to ensure that the solicitors are on the appropriate lender panels. On the basis that they are the lawyer should be able to simultaneously deal with the two conveyancing matters but you should have a chat with you lawyer and make apparent your expectations and requirements.
The mortgage broker has suggested using their lawyer for the conveyancing in West Byfleet - won’t it be easier to just use them?
This is not necessarily the case and you are at liberty to use whichever solicitor you decide for your West Byfleet conveyancing. The lawyer suggested by a 3rd party adviser may not always be the best conveyancer, they may suggest their own conveyancing firm who are based remotely. In this instance you may not have contact with your lawyer and due to the lack of continuity in the transaction, it may be difficult to obtain progress reports.