I own a freehold property in Royal Tunbridge Wells yet pay rent, why is this and what is this?
It is rare for properties in Royal Tunbridge Wells and has limited impact for conveyancing in Royal Tunbridge Wells 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 establishment of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
Are the BSA intent on creating a search tool with a view to list practices on the Darlington Building Society conveyancing panel for instance in Royal Tunbridge Wells?
We are not aware of any plans on the part of the BSA to promote such a tool.
I just acquired a house at auction in Royal Tunbridge Wells. Conveyancing is necessary. What happens now?
Having exchanged you now have to choose a conveyancing lawyer quickly as you now have a fast approaching deadline in which to complete the deal. All auction property will have an associated legal pack. This will include the copy title deeds, local authority and drainage searches. Where you are dealing with leasehold property the auction pack should provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork specific to a leasehold property. You must give this to the solicitor instructed by you as soon as possible. You also need to ensure that you have funds in order to complete the transaction on the set completion date.
We had selected conveyancers with offices in Royal Tunbridge Wells on the Principality solicitor panel. They are now charging me a further sum for dealing with the Principality mortgage. Is this a supplemental conveyancing fee specified by Principality?
As unfair as it may seem, as long as it’s in their Terms of Engagement or estimate then yes your lawyer is entitled to charge a fee for this. The charge is not dictated by Principality but by your Royal Tunbridge Wells conveyancer. Some firms on the Principality panel will quote ’dealing with mortgage’ fee but plenty of practices incorporate it on their overall fee.
I have paid off my mortgage with Santander. I assume I don't need a Royal Tunbridge Wells solicitor on the Santander panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Santander mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Santander mortgage from the register. Santander, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Santander has sent the Land Registry the discharge electronically, and
- Santander has instructed the Land Registry to do so
My friend recommended that if I am buying in Royal Tunbridge Wells I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is sometimes included in the estimate for your Royal Tunbridge Wells conveyancing searches. It is a large report of more than thirty pages, listing and detailing important information about Royal Tunbridge Wells around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Royal Tunbridge Wells Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Royal Tunbridge Wells Education with plans and statistics, Local Amenities and other useful data regarding Royal Tunbridge Wells.
What does commercial conveyancing in Royal Tunbridge Wells cover?
Non domestic conveyancing in Royal Tunbridge Wells covers a broad array of services, provided by qualified solicitors, relating to business property. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.