I am the registered owner of a freehold house in High Holborn but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in High Holborn and has limited impact for conveyancing in High Holborn 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 new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
What does a local search reveal about the property my wife and I purchasing in High Holborn?
High Holborn conveyancing often commences with the applying for local authority searches directly from your local Authority or through a personal search company such as Searchflow The local search is essential in every High Holborn conveyancing purchase; as long as you don’t want any nasty surprises after you move into your new home. The search should supply information on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject sections.
I'm buying a new build house in High Holborn with a loan from Halifax. The builders would not move on the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep advised me not inform my lawyer about the extras as it could impact my loan with the bank. Do I keep my lawyer in the dark?.
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.
Due to the encouragement of my in-laws I had a survey completed on a property in High Holborn ahead of retaining conveyancers. I have been informed that there is a flying freehold element to the house. Our surveyor advised that some mortgage companies will refuse to issue a loan on this type of home.
It depends who your proposed lender is. Santander has different requirements for example to Nationwide. Should you wish to call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in High Holborn. Conveyancing may be slightly more expensive based on your lender's requirements.
What tools are available to search for a High Holborn solicitor on the Coventry Building Society conveyancing panel? I am a keen cyclist and am happy to travel upto 10kilometers to meet the solicitor.
You can use the tool on this page. Please select a mortgage company and your location and you will see a number of High Holborn conveyancing lawyers located nearest you. We have listed some High Holborn conveyancing firms towards the end of this page and you can contact them to see whether they are on the Coventry Building Society approved list
I am looking for a conveyancing practitioner in High Holborn for my home move. Can I review a solicitor's complaints history with the legal regulator?
You may read published Solicitor Regulator Association (SRA) decisions arising from inquisitions commenced on or after 1 January 2008. Go to Check a solicitor's record. For records Pre 2008, or to check a solicitors history, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, use +44 (0)121 329 6800. The regulator may monitor telephone calls for training requirements.