The loan agreement from Nationwide for the remortgage of my 4 bedroom garden flat is coming by the end of next week. Are you able to propose a cheap conveyancing law firm in Morden?
This site is not designed to help those in their quest for a cheap conveyancing solicitors in Morden. Our goal is to offer excellent value conveyancing but we do not aim to advertise as being the cheapest. Resist the temptation to appoint brokers offering the bait of £100 conveyancing in Morden.The optimum result, in deciding on cheap conveyancing, you will end up with what you pay for and at worst it will result in you invoiced for additional fees and still not get the service required.
I am the registered owner of a freehold house in Morden but nevertheless pay rent, why is this and what is this?
It is rare for properties in Morden and has limited impact for conveyancing in Morden 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 fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
Should my conveyancer be raising questions regarding flooding as part of the conveyancing in Morden.
Flooding is a growing risk for conveyancers carrying out conveyancing in Morden. Plenty of people will buy a house in Morden, completely aware that at some time, it may suffer from flooding. However, leaving to one side the physical damage, if a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory building insurance, or sell the premises. Steps can be carried out during the course of a property purchase to forewarn the purchaser.
Conveyancers are not best placed to offer advice on flood risk, but there are a numerous checks that may be undertaken by the buyer or by their conveyancers which should give them a better appreciation of the risks in Morden. The conventional set of information sent to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a standard inquiry of the owner to find out if the property has historically flooded. If flooding has previously occurred which is not revealed by the vendor, then a purchaser could commence a legal claim for losses resulting from an misleading reply. The purchaser’s conveyancers will also carry out an enviro search. This will indicate whether there is any known flood risk. If so, more detailed investigations should be initiated.