I own a freehold property in Great Coates yet invoiced for rent, why is this and what is this?
It is rare for properties in Great Coates and has limited impact for conveyancing in Great Coates 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 hundreds of years, but the Rent Charge Act 1977 barred the creation of fresh rentcharges post 1977.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
Our mortgage company has suggested a law firm on their panel based in Great Coates but I would rather use a conveyancing lawyer in Great Coates round the corner to me. Can you help?
It is by no means the case that all Great Coates conveyancing firms are approved and listed on all lender’s conveyancing panel. Use the above find an approved solicitor tool to identify a Great Coates conveyancing solicitor on the on the mortgage company panel.
Just bought a detached house in Great Coates , how long should it take for the Land Registry to register my ownership? My Great Coates conveyancing solicitor works at snail pace, so I want to check that my name is registered.
There is nothing unique about conveyancing in Great Coates registration formalities. Rather than based on location, timescales can vary depending on the party submitting the application, whether there are errors and whether the Land registry must send notices to any other persons or bodies. As of today roughly 80% of submission are fully dealt with within 12 days but some can be subject to protracted delays. Registration takes place after the new owner has moved in to the premises therefore 'speed' is not usually top priority but where it is urgent that the the registration takes place urgently then you or your conveyancer could speak with the land registry and explain the circumstances.
I am purchasing a new build house in Great Coates with a loan from The Royal Bank of Scotland. The developers refused to move on the price so I negotiated £7000 of fixtures and fittings instead. The estate agent suggested that I not reveal to my conveyancer about the extras as it may affect my mortgage with the lender. Do I keep my lawyer in the dark?.
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'm converting the mortgage on my current property to a buy to let mortgage with Halifax and intend to use the remaining equity as a down payment on further house. The neighborhood we are talking about is Great Coates. Will your solicitors be able to act for the two lenders and tie in the conveyances?
Make use of our search tool on this page to check that the conveyancers are approved by both banks. On the basis that they are the solicitor should be able to connect the two transactions but you should talk with you conveyancer and make clear your desired outcome and needs.
We're novice buyers - had an offer accepted, but the selling agent informed us that the seller will only move forward if we use their chosen conveyancers as they are insisting on an ‘expedited deal’. My instinct tells me that we should use a high street conveyancer who is familiar with conveyancing in Great Coates
It is highly unlikely the owners are behind this. If they desire ‘a quick sale', alienating a genuine purchaser is counter productive. Try to communicate with the sellers directly and make the point that (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you have nothing to sell (d) you intend to proceed fast (e)but you will continue to use your own,trusted Great Coates conveyancing firm - not the ones that will give their estate agent a kickback or meet his conveyancing targets pre-set by head office.