My wife and I are about to complete buying a house in Castleton but as a consequence of damage from the recent storms I have managed to agree recompense from the seller in the sum of £2k taking the form of a deduction in the price. I had intended this to be addressed as part of the conveyancing process yet Co-operative will not permit this. Should they have been approached?
Your conveyancer that is on the Co-operative conveyancing panel is required to disclose to Co-operative of any changes to the purchase price. If you were to refuse your conveyancer to report the reduction to Co-operative then they would have to discontinue acting for you. In addition, Co-operative and you would have to appoint a new property lawyer for your conveyancing in Castleton.
I own a freehold residence in Castleton but still pay rent, why is this and what is this?
It is rare for properties in Castleton and has limited impact for conveyancing in Castleton 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 creation 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 post 2037 will be extinguished.
What will a local search reveal regarding the house my wife and I buying in Castleton?
Castleton conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search company for instance Searchflow The local search plays a central role in most Castleton conveyancing purchase; as long as you wish to avoid any unpleasant once you have moved into your property. The search will supply data on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic areas.
Despite weeks of looking the Title Certificate and documents to our property are lost. The conveyancers who handled the conveyancing in Castleton 10 years ago are no longer around. What are my options?
Nowadays there are copies made of almost everything, and your lawyer should be aware precisely where to locate all the suitable paperwork so you may purchase or sell your house without a hitch. If duplicates are not available, your lawyer can arrange cover in the form of insurance or indemnities protecting you against future claims on your property.
Due to the advice of my in-laws I had a survey completed on a property in Castleton prior to instructing solicitors. I have been told that there is a flying freehold element to the house. My surveyor has said that some mortgage companies will not issue a mortgage on such a premises.
It depends who your proposed lender is. Lloyds has different instructions for example to Halifax. If you e-mail us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Castleton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Castleton to see if the conveyancing will be more expensive.
How does the Landlord & Tenant Act 1954 affect my commercial premises in Castleton and how can your lawyers assist?
The particular law that you refer to gives a safeguard to commercial leaseholders, granting the dueness to make a request to court for a renewal tenancy and remain in occupation when the lease comes to an end. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing practices who use the act for protection and assist with commercial conveyancing in Castleton