I require conveyancing for a flat in a fairly new development (five years built) in Biddenham. Almost all the appartments are already occupied. Is it really necessary to order local searches as part of conveyancing in Biddenham?
A big part of the Biddenham legal transfer of property is the conveyancing searches. There are numerous search providers who offer Biddenham conveyancing searches, as well direct from the local authority. These are generally termed personal search organisation and they produce, not surprisingly, personal searches. Nevertheless, all Local Authority Search conveyancing products have one thing in common - they must secure their information from the local authoritative source.
I purchased a freehold premises in Biddenham but still invoiced for rent, why is this and what is this?
It’s unusual for properties in Biddenham and has limited impact for conveyancing in Biddenham 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 establishment of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
I have an AIP. The lender mentioned the home loan came with free conveyancing. Does this mean I have to appoint their panel lawyer as I would prefer to use a specialised conveyancing solicitor in Biddenham?
Do check but the chances are that allocate you one of their panel conveyancers where you take up the "fee-free" deal. Contact the lender and explore if they allow a cash alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case you could put that amount towards your preferred conveyancing solicitor near Biddenham.
I am buying a new build flat in Biddenham. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Biddenham
Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. There must be mutual enforceability of lessee’s covenants. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
I have been on the look out for a flat up to £305k and found one close by in Biddenham I like with open areas and railway links nearby, the downside is that it's only got 51 years on the lease. There is not much else in Biddenham for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a home loan that many years will likely be an issue. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of twenty four months you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.
My father has suggested that I appoint his conveyancing solicitors in Biddenham. Do I take his advice?
There are no two ways about it the ideal way to find a conveyancing lawyer is to get guidance from friends or family who have experience in using the solicitor that you are contemplating using.