I am purchasing a property for cash in Old Coulsdon. I have lived for the last dozen years in Old Coulsdon. Conveyancing searches are a lot of money. Given that I have knowledge of the area and road intimately must I have all the conveyancing searches?
If you not getting a home loan, then all but one or two of the Old Coulsdon conveyancing searches are optional. Your solicitor will ’encourage you, no-doubt strongly, that you should have searches carried out, but she is duty bound to take that path of advice. Do bear in mind; if you are intend to sell the house in the future, it could be of relevance to your prospective purchaser what the searches disclose. Sometimes houses with no practical issues can still throw up adverse search results. A good conveyancing solicitor in Old Coulsdon should be able to give you some helpful advice concerning this.
I purchased a freehold premises in Old Coulsdon but nevertheless pay rent, why is this and what is this?
It is rare for properties in Old Coulsdon and has limited impact for conveyancing in Old Coulsdon 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.
Old 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 dispensed with completely.
Do the Building Society Association intend to launch a search tool with a view to list law firms on the Melton Mowbray Building Society conveyancing panel for instance in Old Coulsdon?
Lexsure has not been advised of any plans on the part of the BSA to promote such a tool.
Due to the advice of my in-laws I had a survey completed on a property in Old Coulsdon in advance of instructing solicitors. I have been informed that there is a flying freehold overhang to the house. My surveyor has said that some banks may refuse to issue a loan on a flying freehold property.
It depends who your proposed lender is. HSBC has different requirements for example to Halifax. If you e-mail us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Old Coulsdon. Conveyancing will be smoother if you use a solicitor in Old Coulsdon especially if they regularly deal with such properties in Old Coulsdon.
What tools are available to identify a Old Coulsdon solicitor on the The Royal Bank of Scotland conveyancing panel? I drive a motor bike and am prepared to travel upto 10kilometers to meet the solicitor.
You can use the facility on this website. Please choose the bank and your location and you will see a number of Old Coulsdon conveyancing lawyers based on proximity. We have listed some Old Coulsdon conveyancing firms at the bottom of this page and you can call them to verify whether they are on the The Royal Bank of Scotland approved list
Last July I purchased a leasehold flat in Old Coulsdon. Am I liable to pay service charges relating to a period prior to my ownership?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Following years of negotiations we are unable to agree with our landlord on how much the lease extension should cost for our flat in Old Coulsdon. Can we issue an application to the Residential Property Tribunal Service?
if there is a absentee freeholder or if there is disagreement about what the lease extension should cost, under the relevant legislation you can apply to the Leasehold Valuation Tribunal to judgment on the sum to be paid.
An example of a Freehold Enfranchisement decision for a Old Coulsdon residence is 223 Brighton Road in September 2013. The premium payable for the acquisition freehold of the properties should be £10,934 (Ten thousand,nine hundred and thirty four pounds) This case affected 3 flats. The unexpired lease term was 75 years.