I require conveyancing for an apartment in a fairly new development (five years old) in Pound Hill. Almost all the appartments are already occupied. Do I need carry out the local searches as part of conveyancing in Pound Hill?
Conveyancing Searches are a central link in the Pound Hill conveyancing process. There are numerous search providers delivering Pound Hill conveyancing searches, as well direct from the local authority. These are generally termed personal search companies due to them carrying out, personal searches. Nevertheless, all Local Authority Search conveyancing products have one thing in common - they must secure their information from the local authority.
I own a freehold house in Pound Hill but still pay rent, why is this and what is this?
It’s unusual for properties in Pound Hill and has limited impact for conveyancing in Pound Hill 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 post 1977.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
Is there a search tool that I can use to discover of the solicitor carrying out my conveyancing in Pound Hill is on the mortgage lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Clydesdale thus spending £187.00 plus VAT in another set of legal costs.
Feel free to make the most of the find a lender approved solicitor tool on this page. Pick the mortgage company and type ‘Pound Hill’ or your preferred area and you will discover a number of lawyer located in Pound Hill or by proximity to you.
I used Wolstenholmes a few years past for my conveyancing in Pound Hill. Now, I need my files however cannot find the solicitor. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Pound Hill of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am purchasing a new build house in Pound Hill with a loan from Nottingham Building Society. The builders would not budge the price so I negotiated 6k of additionals instead. The property agent told me not to tell my conveyancer about the side-deal as it could put at risk my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder 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.
I have just appointed agents to market my basement flat in Pound Hill. Conveyancing solicitors are to be appointed soon, however I have just received a half-yearly service charge invoice – what should I do?
The sensible thing to do is pay the maintenance contribution as normal because all ground rent and service invoices should be apportioned on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I bought a basement flat in Pound Hill, conveyancing having been completed March 2009. How much will my lease extension cost? Similar properties in Pound Hill with over 90 years remaining are worth £165,000. The ground rent is £50 per annum. The lease ends on 21st October 2102
With 77 years left to run we estimate the price of your lease extension to range between £7,600 and £8,800 as well as legals.
The figure above a general guide to costs for renewing a lease, but we are not able to provide the actual costs without more comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.