Do the conveyancing lawyers identified through your search tool handle auction conveyancing in Hadleigh?
There are a number of auction practitioners we can put you in touch with those who can conduct auction conveyancing. Hadleigh is one of the many areas of where our lawyers cover.
I own a freehold premises in Hadleigh but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Hadleigh and has limited impact for conveyancing in Hadleigh 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 many centuries, but the Rent Charge Act 1977 barred the creation of fresh rentcharges post 1977.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
Will our conveyancer be raising questions regarding flooding as part of the conveyancing in Hadleigh.
The risk of flooding is if increasing concern for conveyancers dealing with homes in Hadleigh. There are those who buy a house in Hadleigh, completely aware that at some time, it may be flooded. However, aside from the physical destruction, if a property is at risk of flooding, it may be difficult to get a mortgage, satisfactory insurance cover, or dispose of the premises. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Conveyancers are not qualified to give advice on flood risk, however there are a various checks that can be initiated by the purchaser or by their solicitors which can give them a better understanding of the risks in Hadleigh. The conventional set of completed inquiry forms sent to a buyer’s conveyancer (where the Conveyancing Protocol is adopted) contains a standard question of the vendor to find out whether the property has ever been flooded. If flooding has previously occurred and is not disclosed by the owner, then a purchaser could issue a compensation claim as a result of such an inaccurate response. A purchaser’s conveyancers should also conduct an enviro search. This will disclose whether there is any known flood risk. If so, additional inquiries should be made.
I'm buying my first flat in Hadleigh benefiting from help to buy. The builders would not reduce the amount so I negotiated five thousand pounds worth of additionals instead. The sale representative suggested that I not disclose to my solicitor about the side-deal as it may jeopardize my mortgage with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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've recently found out that there is a flying freehold issue on a property I have offered on a fortnight ago in what was supposed to be a simple, chain free conveyancing. Hadleigh is the location of the property. What do you suggest?
Flying freeholds in Hadleigh are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Hadleigh you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hadleigh 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 residence.
Is it the case that all Hadleigh solicitors on every lender conveyancing panel?
You can use our search tool or you can go into your high street lender branch in Hadleigh. the probability is that they will know some good conveyancing solicitors in Hadleigh