We are about to complete on the purchase of a house in Brighstone but as a result of damage from a small fire at the property I have managed to agree compensation from the seller in the sum of £2k in the form of a deduction in the price. I had intended this to be addressed as part of a side agreement yet Clydesdale are not allowing this. Should they have been involved?
The conveyancer that is on the Clydesdale conveyancing panel is required to disclose to Clydesdale of any variations to the purchase price. If you were to refuse your solicitor to disclose the price change to Clydesdale then they would have to discontinue acting for you. In addition, Clydesdale and you would have to appoint a new property lawyer for your conveyancing in Brighstone.
I own a freehold house in Brighstone but still charged rent, why is this and what is this?
It is rare for properties in Brighstone and has limited impact for conveyancing in Brighstone 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 many centuries, but the Rent Charge Act 1977 barred the generation 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 after 2037 will be dispensed with completely.
We are downsizing from our house in Brighstone and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. Any local lawyer would know this is not the case. For the life of me I don't know why the buyers instructed an internet conveyancing practice as opposed to a conveyancing solicitor in Brighstone. Having lived in Brighstone for three years we know that this is a non issue. Should we contact our local Authority to seek clarification need.
It sounds as though you may have a conveyancing firm currently acting for you. What do they say? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
I am purchasing a new build house in Brighstone benefiting from help to buy. The builders would not budge the amount so I negotiated five thousand pounds worth of additionals instead. The estate agent told me not disclose to my solicitor about this extras as it could affect my mortgage with Chelsea Building Society. Is this normal?.
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.
I've recently found out that there is a flying freehold element on a property I have offered on two weeks back in what was supposed to be a simple, no chain conveyancing. Brighstone is where the house is located. Can you offer any opinion?
Flying freeholds in Brighstone are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Brighstone you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Brighstone may decide 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 residence.
I am looking into buying my first house which is in Brighstone and I am already nervous. I couldn't find anything specific about Brighstone. Conveyancing will be needed in due course but do you know about the Brighstone area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Brighstone. In the meantime here are some basic statistics that we found