I own a freehold house in Nayland yet pay rent, why is this and what is this?
It is rare for properties in Nayland and has limited impact for conveyancing in Nayland 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 new 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 in 2037 will be extinguished.
My husband and I are hoping to buy a newly converted flat in Nayland with a loan from Clydesdale.We have a Nayland conveyancing solicitor but Clydesdale informed us her practice is not on their approved list of member firms. we are left little option but to use a Clydesdale panel lawyer or keep our local solicitor and pay for a Clydesdale panel lawyer to act for them. We feel as though this is unjust; Can we not simply insist that Clydesdale use our lawyer?
Unfortunately,no. The loan offered to you is subject to its various provisions, one of which will be that solicitors must be on the Clydesdale conveyancing panel. in the past, most lenders had large numbers of solicitors on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Clydesdale
I'm buying my first flat in Nayland with the aid of help to buy. The developers would not budge the amount so I negotiated £7000 of extras instead. The house builders rep told me not to tell my conveyancer about this deal as it will put at risk my mortgage with Virgin Money. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on two weeks back in what should have been a simple, chain free conveyancing. Nayland is the location of the property. Is there any advice you can impart?
Flying freeholds in Nayland are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Nayland you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Nayland may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I am looking into buying my first house which is in Nayland and I am already nervous. I couldn't find anything specific about Nayland. Conveyancing will be needed in due course but do you know about the Nayland area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Nayland. In the meantime here are some basic statistics that we found
What advice do you have for searching for commercial conveyancing in Nayland?
First ask your friends and family they would would seek assistance from. Option 2 is to use a search tool on the internet for conveyancing in Nayland. Telephone a couple or more firms from the list and request that they email you their conveyancing charges and speak to the lawyer who will handle your conveyancing before you commit. Option 3 is to use this site to assist you in finding the right lawyers taking into account your unique factors including location,speed, complexity and who your intended lender is.Avoid the trap of appointing lowest cost conveyancing solicitors in Nayland