I am need of leasehold conveyancing for a flat in a relatively new development (five years old) in Crick. 95% of the flats are already occupied. Is it strictly necessary to order local searches for my conveyancing in Crick?
You are taking a significant risk in refusing to carrying out Crick conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying without a mortgage there is no legal necessity to have them, but we would absolutely advise in no uncertain terms that your solicitor conducts them. If accelerating the process and price are primary concerns you should consider with your lawyer about the options such as lack of search insurance available to you
I purchased a freehold property in Crick but still pay rent, why is this and what is this?
It is rare for properties in Crick and has limited impact for conveyancing in Crick 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 new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
We are purchasing a property in Crick. It might be a silly question but how we can trust a solicitor? At some point we will need to deposit money into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I am buying a property in Crick. One unusual aspect is that the roof has a solar panel. Coventry BS have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Coventry BS your lawyer must comply with the conveyancing instructions contained in Part 2 of UK Finance Lenders’ Handbook for Coventry BS. The CML Handbook sets out minimum specifications for solar panel roof-space leases, and solicitors are required to report to Coventry BS where a lease fails to satisfy these provisions. The provisions relate to the installation of panels on properties countrywide and is not restricted to Crick.
I can not work out if my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Crick bank branch on various occasions and was told they are content with the situation and they would lend. My Crick conveyancing solicitor - who is on the lender conveyancing panel- telephoned and was told they would not lend in accordance with their published requirements. Who do I believe?
Your lawyer has to follow the CML Handbook section two provisions for your lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
How does conveyancing in Crick differ for new build properties?
Most buyers of new build property in Crick contact us having been asked by the builder to sign contracts and commit to the purchase even before the premises is completed. This is because house builders in Crick usually buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Crick or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a house I put an offer in two weeks back in what was supposed to be a straight forward, chain free conveyancing. Crick is the location of the property. Can you offer any guidance?
Flying freeholds in Crick are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Crick you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Crick may determine 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 property.
Is it possible to change conveyancer as I have to select one who is on the Halifax conveyancing panel. I instructed a local conveyancing solicitor in Crick five minutes from me but she is not approved by Halifax
We will our best to assist in finding you a conveyancing solicitor in Crick on the Halifax panel. Please note that the conveyancers that we work with do not pay us a referral fee if you instruct them and are regulated by the SRA who oversee all conveyancing solicitors in Crick. In utilising the find a conveyancing solicitor tool on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Crick.