I am acquiring a house for cash in Maxton. I have lived for the previous dozen years in Maxton. Conveyancing searches are exorbitant. Given that I have knowledge of the road and vicinity intimately should I not bother getting the solicitor to do all the conveyancing searches?
Provided that you do not need a home loan, then almost all of the Maxton conveyancing searches are at your discretion. Your solicitor will 'advise', no-doubt strongly, that you should have searches completed, but he is duty bound to take that path of encouragement . One thing to take into account; if you are likely to dispose of the house in the future, it may be of relevance to your future purchaser what the searches determine. On occasion properties with no practical issues can still throw up adverse search results. A good conveyancing solicitor in Maxton will be able to give you some helpful guidance in this regard.
I purchased a freehold house in Maxton but still charged rent, why is this and what is this?
It is rare for properties in Maxton and has limited impact for conveyancing in Maxton 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 redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
I had intended to instruct a property lawyer in Maxton for our house purchase. Our financial adviser has since advised us that our bank Norwich and Peterborough Building Society won't deal with them. Surely this is unfair competition?
Before the recession most banks had a different appetite for risk. Almost all Maxton conveyancing firms would have been on most mortgage company panels. The Financial Services Authority in 2010 carried out a thematic investigation into mortgage fraud which concluded: mortgage lenders should know the conveyancing solicitors dealt with. Consequently, mortgage companies are increasingly seeing more information from law firms about their operations and the individuals who work for them as well as set certain criteria such a completing on a minimum volume of conveyancing. Many Maxton conveyancing firms that have been excluded from lender panels have a 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Maxton is amongst the hundreds of locations where the conveyancers showing on our search results are are authorised to act for Norwich and Peterborough Building Society.
We are close to exchanging contracts on the sale of our property in Maxton and according to the buyers it appears that there is a possibility that the property was built on contaminated land. Any local lawyer would know that there is no such problem. For the life of me I don't know why the buyers instructed a factory type conveyancing firm rather than a conveyancing solicitor in Maxton. Having lived in Maxton for many years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to seek confirmation that there is no issue.
It sounds as though you may have a conveyancing lawyer currently acting for you. Are they able to advise? You need to 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 health insurance to cover that same sickness)
I am buying a new build flat in Maxton. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Maxton
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The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
My uncle has recommend that I appoint his conveyancing solicitors in Maxton. Should I choose my own conveyancer?
Much as we are happy to recommend a Maxton conveyancing lawyer the ideal way to choose a conveyancing lawyer is to have referrals from friends or relatives who have actually used the solicitor you're considering.