I purchased a freehold residence in South Harrow but still charged rent, why is this and what is this?
It is rare for properties in South Harrow and has limited impact for conveyancing in South Harrow 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 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 is to be dispensed with completely.
My property lawyer in South Harrow has never been on on the Approved Panel. Is it possible for me to use my family solicitor even though they are excluded from the panel?
The limited options open to you here include:
- Complete the purchase with your existing South Harrow lawyers but will need to use a solicitor on their list of acceptable firms. This will inevitably rack up the overall legal fees as well as cause delays.
- Find a new practitioner to act in the purchase, remembering to check they are Convince your conveyancer to use their best endeavours to join the conveyancing panel
I'm spending time viewing houses in South Harrow and I am about to put in an offer. Should I already have a in place at this point? I am planning to take a mortgage with .
You should start obtaining conveyancing estimates from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their contact information on to the selling agent. Given that you are obtaining a mortgage with , ask your prospective lawyers if they are on the conveyancing panel otherwise they can't do the mortgage legal work.
The mortgage over my property is with for my property in South Harrow. Conveyancing was finalised 12 months ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform ?
Your original mortgage agreement with will provide that you need their approval in advance of letting out your property as this is likely to be a breach of ’s mortgage conditions. It may be that will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact directly. It should not be necessary to do this via a conveyancing panel firm.
It is unclear whether my bank requires a lease extension. I have called into my local South Harrow building society branch on a couple of occasions and was told it does not affect the mortgage offer and they will lend. My South Harrow conveyancing solicitor - who is on the lender conveyancing panel- telephoned to say that they will not lend based on their published requirements. Who do I believe?
Provided that the is on the bank approved list, she or he must adhere to the CML Handbook specifications for the bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
I am selling our home in South Harrow and according to the buyers it appears that there is a risk of it being built on contaminated land. A high street South Harrow lawyer would know this is not the case. It does beg the question why the purchasers instructed a web based conveyancing firm rather than a conveyancing solicitor in South Harrow. Having lived in South Harrow for six years we know that this is a non issue. Should we contact our local Authority to obtain confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing firm currently acting for you. What do they say? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
I am looking for a conveyancing lawyer in South Harrow for my sale. Is it possible to review a solicitor's record with the profession’s regulator?
Members of the public can find presented Solicitor Regulator Association (SRA) determinations arising from investigations from 2008 onwards. Visit Check a solicitor's record. For information Pre 2008, or to check a firm's record, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, use +44 (0)121 329 6800. The regulator could recorded telephone calls for training reasons.