I am obtaining a offer of a home loan from Nat West. I would like to retain the legal services of a Licensed Conveyancer in Harrold. Does the Nat West Solicitor panel allow for conveyancers regulated by the CLC?
The Nat West approved solicitor list is, like many other lenders, represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
I am the registered owner of a freehold house in Harrold yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Harrold and has limited impact for conveyancing in Harrold 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 creation of new rentcharges post 1977.
Previous 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 extinguished.
Despite weeks of looking the Title Certificate and documents to our home are lost. The solicitors who conducted the conveyancing in Harrold 10 years ago no longer exist. What are my next steps?
Assuming the title is registered the details of your proprietorship will be documented by HMLR with a Title Number. It is easy to perform a search at the Land Registry, locate your house and obtain up to date copies of the property title for less than a fiver. Where the property is Leasehold then the Land Registry will also normally retain a certified copy of the Registered Lease and again, a copy can be obtained for a small fee.
How does conveyancing in Harrold differ for newly converted properties?
Most buyers of new build property in Harrold approach us having been asked by the seller to sign contracts and commit to the purchase even before the house is built. This is because builders in Harrold tend to purchase 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 conveyancers 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 Harrold or who has acted in the same development.
Are there any apps to assist me to identify a Harrold law firm on the Godiva Mortgages Ltd conveyancing panel? I have a car and am prepared to travel upto 10miles to meet the conveyancer.
Feel free to make use of the tool on this page. Please select a bank and your location and you will see a number of Harrold conveyancing lawyers locally. We have listed some Harrold conveyancing firms at the bottom of this page and you can ring them to check if they are on the Godiva Mortgages Ltd panel
I work for a busy estate agent office in Harrold where we see a number of leasehold sales derailed due to short leases. I have received contradictory information from local Harrold conveyancing firms. Please can you clarify whether the seller of a flat can start the lease extension process for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Leasehold Conveyancing in Harrold - Examples of Queries Prior to Purchasing
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Be sure to find out if there are any onerous prohibitions in the lease. For instance some leases prohibit pets being allowed in certain buildings in Harrold. If you like the apartmentin Harrold but your cat can’t move with you then you will be presented with a difficult choice. How much is the ground rent and service charge? Is the freehold owned jointly by the tenants?