I own a freehold residence in Nottinghamshire but still invoiced for rent, why is this and what is this?
It is rare for properties in Nottinghamshire and has limited impact for conveyancing in Nottinghamshire 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 creation of fresh rentcharges post 1977.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
We're in Nottinghamshire, First time buyers buying with a mortgage (lender is Coventry BS , and our lawyer is on the Coventry BS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Coventry BS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Me and my brother purchased a renovated Georgian house in Nottinghamshire. Conveyancing solicitor represented me and Skipton Building Society. I did a free Land Registry search last week and there are two entries: the first freehold, the second leasehold with the matching address. Is it worth asking Skipton Building Society to clarify?
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Nottinghamshire and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with your conveyancing solicitor who carried out the work.
How does conveyancing in Nottinghamshire differ for newly converted properties?
Most buyers of new build property in Nottinghamshire contact us having been asked by the builder to exchange contracts and commit to the purchase even before the property is completed. This is because new home sellers in Nottinghamshire usually acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Nottinghamshire or who has acted in the same development.
My father has suggested that I appoint his conveyancing solicitors in Nottinghamshire. Should I use them?
There are no two ways about it the ideal way to choose a conveyancing solicitor is to seek feedback from friends or relatives who have used the firm that you are contemplating using.