My fiance’s dad is a property lawyer. I am hopeful that I'll be able to get friends and family rates for conveyancing, However if that does not come through, what kind of costs should I be paying for conveyancing in Daventry?
You should contrast pricing. Do use our comparison tool on this site. Whilst charges may vary but service levels do differ between conveyancers as is true with most professions.
I purchased a freehold residence in Daventry but nevertheless charged rent, why is this and what is this?
It is rare for properties in Daventry and has limited impact for conveyancing in Daventry 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 generation of fresh rentcharges post 1977.
Old 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.
Can I be sure that the Daventry conveyancing solicitor on the RBS panel is any good?
When it comes to conveyancing in Daventry obtaining recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always suggest that you speak with the solicitor handling your conveyancing.
I have today made my last payment due on my mortgage with Nottingham. I assume I don't need a Daventry lawyer on the Nottingham panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Nottingham mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Nottingham mortgage from the register. Nottingham, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Nottingham has sent the Land Registry the discharge electronically, and
- Nottingham has instructed the Land Registry to do so
Coventry BS have agreed my mortgage in principle, my offer on a property in Daventry has been accepted, what happens next?
Your property agent will wish to know who your solicitors are (ensure that the conveyancers are on the bank’s panel). Telephone Coventry BS or the financial adviser and finish off any appropriate documentation. Coventry BS will sellect a valuer who will get in contact with the selling agent or seller to book an appointment. Once carried out (assuming no problems) it takes approximately a week to get a mortgage offer. Coventry BS will send the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Daventry.
I have been on the look out for a ground for flat up to £195,000 and identified one close by in Daventry I like with amenity areas and railway links in the vicinity, however it only has 49 remaining years left on the lease. There is not much else in Daventry for this price, so just wondered if I would be making a grave error acquiring a short lease?
If you require a mortgage the shortness of the lease may be problematic. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of 2 years you can request that they commence the lease extension formalities and pass 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 regarding this.
What does commercial conveyancing in Daventry cover?
Daventry conveyancing for business premises incorporates a broad array of guidance, provided by regulated solicitors, relating to business property. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
Having had my offer accepted I require leasehold conveyancing in Daventry. Before I set the wheels in motion I would like to find out the remaining lease term.
Assuming the lease is registered - and almost all are in Daventry - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Daventry Leasehold Conveyancing - Sample of Queries Prior to Purchasing
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Are any of leasehold owners in dispute over their service charge payments? It is important to be aware whether redecorating or some other significant cost is due in the foreseeable future to be shared by the tenants and will materially increase the the service costs or result in a one time invoice.