I am the registered owner of a freehold house in Bowes Park but still charged rent, why is this and what is this?
It’s unusual for properties in Bowes Park and has limited impact for conveyancing in Bowes Park 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 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 dispensed with completely.
I have 7378 less than 75 years unexpired on my lease and require a lease extension for my apartment in Bowes Park. Conveyancing solicitors on the Platform panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 17/5/2019 the requirements read as follows :
Are there restrictive covenants that are commonly picked up during conveyancing in Bowes Park?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Bowes Park. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm purchasing my first flat in Bowes Park with a mortgage from Britannia. The developers would not reduce the price so I negotiated £7000 of extras instead. The property agent suggested that I not inform my conveyancer about the side-deal as it will jeopardize my mortgage with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer 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.
Is there anything unique about your site and other online quote calculators when it comes to conveyancing in Bowes Park?
At this site secure a conveyancing quote via a Solicitor or Licensed Conveyancer that appreciates the nuances of your conveyancing in Bowes Park. Unlike many estate agents and brokerage sites we do not have referral arrangements with solicitors. Many agents and online brokers 'recommend' the firm who pay the most commission, not the best value conveyancing in Bowes Park
We are a couple of weeks into a residential purchase having been recommend to a firm by the high street agent to perform conveyancing in Bowes Park. I am not happy. Can you help me find new conveyancers?
A lawyer would need to be very poor to suggest replacing them. Has your mortgage offer been generated? If so you will need to inform them of the new contact details and have the mortgage documents are issued to the new lawyers. Your new solicitor ideally needs to be on the lenders approved list to avoid escalating charges and frustration. So that should be your starting point. The find a solicitor tool can assist you in finding a bank approved conveyancer for your conveyancing in Bowes Park