I purchased a freehold premises in Malden yet pay rent, why is this and what is this?
It’s unusual for properties in Malden and has limited impact for conveyancing in Malden 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 fresh rentcharges post 1977.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
A relative advised me that in buying a property in Malden there could be a number of restrictions as to what one can do in terms of external alterations to a property. Is this right?
We are aware of anumerous of properties in Malden which have some sort of restriction or requirement of consent to carry out external alterations. Part of the conveyancing in Malden should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
My wife and I purchasing a 3 bedroom semi in Malden. The intention is to carry out an extension to the side at the house.Will legal due diligence on the property involve investigations to see if these works are allowed?
Your property lawyer should review the deeds as conveyancing in Malden can on occasion reveal restrictions in the title deeds which prevent certain works or require the permission of another owner. Many works need local authority planning consent and approval under the building regulations. Many areas are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. It would be wise to check these things with a surveyor ahead of any purchase.
Having read lots of house buying guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Malden solicitor - who is on the Skipton conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Skipton will need an independent valuation of the property. Your lawyer will not arrange this. Usually Skipton will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Malden surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
I am intent on selling our home in Malden and according to the buyers it appears that there is a risk of it being constructed on contaminated land. A local conveyancer would know this is not the case. It does beg the question why the purchasers used a web based conveyancing firm rather than a conveyancing solicitor in Malden. Having lived in Malden for three years we know of no issue. Is it a good idea to contact our local Authority to get confirmation need.
It would appear that you have a conveyancing firm already. What do they say? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
Are there restrictive covenants that are commonly identified during conveyancing in Malden?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Malden. 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…’
In surfing the world wide web for the phrase conveyancing in Malden it brings up many conveyancersin the vicinity. With so much choice what is the best way to find the suitable conveyancer for purchase transaction?
The best way of seeking a suitable conveyancer is via trusted referral, so enquire of colleagues and those you trust who have purchased a property in Malden or a local estate agent or mortgage broker. Costs for conveyancing in Malden vary, so it's a good idea to obtain a minimum of four fee calculations from different property lawyers. Dont forget to clarify what costs in the quote includes.
How much experience do your Malden conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Malden conveyancing lawyers help thousands of buyers move home every year and supported lots of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Malden conveyancers have worked on recent similar matters.