I own a freehold residence in Avery Hill but still pay rent, why is this and what is this?
It is rare for properties in Avery Hill and has limited impact for conveyancing in Avery Hill 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 creation of new rentcharges post 1977.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
What is the best way to find out if the solicitor handling my conveyancing in Avery Hill is on the lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Bank of Scotland thus spending £175.00 in another set of conveyancing invoice.
Please do make use of the search tool on this site. Please choose the mortgage company and type ‘Avery Hill’ or your location and you will discover numerous solicitors located in Avery Hill or near you.
A colleague recommended that if I am buying in Avery Hill 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 quoted for as part of the standard Avery Hill conveyancing searches. It is a large document of about 40 pages, listing and detailing significant information about Avery Hill around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Avery Hill Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Avery Hill Education with maps and statistics, Local Amenities and other useful data about Avery Hill.
I decided to have a survey done on a house in Avery Hill ahead of instructing lawyers. I have been told that there is a flying freehold aspect to the property. Our surveyor advised that some mortgage companies tend not issue a mortgage on a flying freehold premises.
It depends who your proposed lender is. Lloyds has different requirements from Nationwide. If you contact us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Avery Hill. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Avery Hill to see if the conveyancing will be more expensive.
We're FTB’s - agreed a price, yet the agent told us that the seller will only move forward if we instruct the agent's preferred conveyancers as they are insisting on a ‘quick sale’. We would rather use a local conveyancer accustomed to conveyancing in Avery Hill
It is unlikely the sellers are behind this. Should the vendor want ‘a quick sale', alienating a motivated purchaser is not the way to achieve this. Speak to the vendors direct and make the point that (a)you are keen to buy (b)you are ready to go, with finances arranged © you do not need to sell (d) you wish to move quickly (e)however you intend to appoint your preferred Avery Hill conveyancing solicitors - not the ones that will provide the negotiator at the agency a referral fee or achieve conveyancing thresholds pre-set by head office.
My husband and I have AIP from Leeds Building Society who indicated that they will lend up to £400k. At what point do I need to instruct a solicitor for conveyancing? Avery Hill is where we plan to move to.
You can appoint a property lawyer now so that the property lawyer can open the ledger so they can conduct their ID checks etc. Once you wish them to start work they will seek a deposit normally approximately £200. That should normally be after you have the mortgage offer and survey report, however if you want to speed the process you can start quicker even though you may be risking some money.