I purchased a freehold premises in Great Missenden yet charged rent, why is this and what is this?
It’s unusual for properties in Great Missenden and has limited impact for conveyancing in Great Missenden 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 establishment of fresh rentcharges post 1977.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
The Great Missenden conveyancing solicitors that I appointed last week on my purchase in Great Missenden have suddenly closed. They were on acting for me because I needed a solicitor on the Coventry BS conveyancing panel and my preferred Great Missenden lawyer was not. I cut them a cheque for £250 in advance. What do I do now?
Assuming that you have an Estate Agent in the equation then let them know immediately so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Coventry BS conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to help.
I am helping my aunt sell her house in Great Missenden. Will the conveyancing solicitor arrange the energy performance certificate or it is for me to coordinate?
After the demise of HIPs, energy performance certificates was maintained a compulsory component of selling a property. An energy assessment must be commissioned in advance of the property being placed on the market. This is not as aspect of the sale process that solicitors normally organise. If you are instructing a Great Missenden conveyancing lawyer they may be able to arrange energy assessments due to their relationships with reputable Great Missenden accredited person
is it true that all Great Missenden conveyancing solicitors on the HSBC conveyancing panel are overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the HSBC approved list of solicitors they would need to be governed by the Solicitors Regulatory Authority. The majority of banks do allow licenced conveyancers on their panel and in such a situation the organisation would be regulated by the CLC.
I've digested plenty of house buying guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Great Missenden solicitor - who is on the Kent Reliance conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Kent Reliance will need an independent valuation of the property. Your lawyer will not arrange this. Usually Kent Reliance will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Great Missenden surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
How does conveyancing in Great Missenden differ for new build properties?
Most buyers of new build premises in Great Missenden contact us having been asked by the developer to exchange contracts and commit to the purchase even before the house is built. This is because house builders in Great Missenden tend to acquire the real estate, 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 conveyancing solicitors 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 used to new build conveyancing in Great Missenden or who has acted in the same development.
I need to instruct a conveyancing solicitor for remortgage conveyancing in Great Missenden. I happened to stumble upon a web site which appears to be the perfect answer If it is possible to get all this stuff done via web that would be preferable. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Frank (my husband) and I may need to let out our Great Missenden basement flat for a while due to taking a sabbatical. We instructed a Great Missenden conveyancing firm in 2004 but they have closed and we did not have the foresight to seek any advice as to whether the lease allows us to sublet. How do we find out?
Even though your previous Great Missenden conveyancing solicitor is not around you can review your lease to see if you are permitted to let out the apartment. The accepted inference is that if the lease is silent, subletting is allowed. There may be a precondition that you need to obtain permission from your landlord or some other party prior to subletting. This means you not allowed to sublet without first obtaining permission. Such consent should not be unreasonably withheld. If your lease does not allow you to sublet you should ask your landlord for their consent.
Great Missenden Conveyancing for Leasehold Flats - Examples of Queries before Purchasing
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This question is helpful as a) areas can result in problems in the building as the common areas may begin to deteriorate where maintenance remain unpaid b) if the leaseholders have an issue with the managing agents you will wish to have all the details Who are the managing agents? How many years remain on the lease?