I own a freehold property in Hornsey yet charged rent, why is this and what is this?
It is rare for properties in Hornsey and has limited impact for conveyancing in Hornsey 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 from 1977 onwards.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
Two weeks ago we had a mortgage agreed in principle with Principality. Hornsey conveyancing practitioners were selected. How long does it take for Principality to issue the offer to the conveyancing practitioner?
Some lenders take longer than others. Have Principality done the valuation? Have you advised Principality as to your lawyers' details and checked that your lawyers are on the Principality conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
We were going to get a OIP from Co-operative this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Co-operative recommend any Hornsey solicitors on the Co-operative conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Hornsey solicitors independently although you'll need to choose one on the Co-operative conveyancing panel. The solicitor represents both you and Co-operative through the process.
My wife and I are spending time viewing apartments in Hornsey and I am now considering a potential offer. Is it too early to have a solicitor in place? I intend to finance via a home loan with Lloyds.
You should start requesting conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their contact information on to the EA. As you are getting a mortgage with Lloyds, ask your prospective lawyers if they are on the Lloyds conveyancing panel otherwise they can't do the mortgage legal work.
Are there restrictive covenants that are commonly picked up during conveyancing in Hornsey?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Hornsey. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am purchasing a new build house in Hornsey with the aid of help to buy. The sellers would not budge the amount so I negotiated £7000 of additionals instead. The estate agent suggested that I not to tell my solicitor about this side-deal as it will jeopardize 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.
Is it possible to swap firm as I need to find a firm on the Barnsley Building Society conveyancing panel. I hired a family conveyancing solicitor in Hornsey round the corner but she is not approved by Barnsley Building Society
It would be our pleasure to assist you find a conveyancing solicitor in Hornsey on the Barnsley Building Society panel. Please note that the property lawyers that we on the directory do not pay us commission if you instruct them and are regulated by the SRA who oversee all conveyancing solicitors in Hornsey. Using search facility on this website, you can scrutinise costs for conveyancing solicitors in Hornsey and throughout England and Wales.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the bank conveyancing panel. My lawyer has said that they are on the bank approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the bank conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the bank solicitor panel.