I purchased a freehold house in Kendal but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Kendal and has limited impact for conveyancing in Kendal 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 new rentcharges post 1977.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
I am purchasing a property in Kendal. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Virgin Money be concerned?
As your lender is Virgin Money your lawyer must check the conveyancing requirements outlined in Section two of UK Finance Lenders’ Handbook for Virgin Money. The CML Handbook includes minimum provisions for solar panel roof-space leases, and conveyancing practitioners are required to report to Virgin Money where a lease does not meet these specifications. The conditions relate to the installation of panels on properties countrywide and is not restricted to Kendal.
I have decided to exercise my right to buy my property in Kendal off the council. I have a mortgage offer with Nationwide. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Nationwide, you will need to appoint a solicitor on the Nationwide conveyancing panel.
About to purchase flat in Kendal. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the RBS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Kendal lawyer is on the RBS conveyancing panel.
My friend recommended that where I am buying in Kendal I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is occasionally quoted for as part of the standard Kendal conveyancing searches. It is a large document of about 40 pages, listing and setting out important information about Kendal around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Kendal Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with maps and statistics, Local Amenities and other useful information regarding Kendal.
I have recentlydiscovered that Stirling Law have been shut down. They conducted my conveyancing in Kendal for a purchase of a leasehold apartment 12 months ago. How can I be sure that the property is not still registered in the name of the former proprietor?
The quickest method to check if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Kendal conveyancing specialists.
How does conveyancing in Kendal differ for newly converted properties?
Most buyers of new build residence in Kendal contact us having been asked by the developer to sign contracts and commit to the purchase even before the house is ready to move into. This is because new home sellers in Kendal typically buy the site, 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 used to new build conveyancing in Kendal or who has acted in the same development.
I am 14 days into a leasehold purchase having been referred to solicitors by the selling agent to perform conveyancing in Kendal. I am not happy. Can you help me find new lawyers?
They would need to be very bad to suggest changing them. Has the loan offer been sent? In the event that it has you will need to inform them of the new contact details and have the loan are issued to the new lawyers. Your new conveyancer needs to be on the banks approved list to avoid supplemental fees and delays. That should be your starting point. Our find a solicitor tool can help you find a lender approved solicitor for your conveyancing in Kendal