Do the conveyancing solicitors highlighted through your search app carry out right to buy conveyancing in Prescot?
We work with plenty of conveyancing specialists carrying out right to buy conveyancing You should call us with a view to obtain a costs illustration.
I own a freehold property in Prescot yet charged rent, why is this and what is this?
It is rare for properties in Prescot and has limited impact for conveyancing in Prescot 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 many centuries, but the Rent Charge Act 1977 barred the generation of new rentcharges post 1977.
Old 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.
I am helping my sister sell her property in Prescot. Does the conveyancing solicitor arrange an energy assessment or do I organise this?
Following the demise of Home Packs, energy assessments was maintained a compulsory component of moving property. An EPC needs to be to hand before the property is marketed. It is not as aspect of the sale process that law firms normally arrange. Where you are instructing a Prescot conveyancing lawyer they may be able to arrange energy assessments given their contacts with long established Prescot providers
How can we tell if a Prescot conveyancing solicitor on the Kent Reliance panel is any good?
When it comes to conveyancing in Prescot getting recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advocate that you speak with the solicitor handling your conveyancing.
It is unclear whether my bank requires a lease extension. I have called into my local Prescot bank branch on numerous occasions and was advised it wasn't a problem and they will lend. My Prescot conveyancing solicitor - who is on the lender conveyancing panel- telephoned and was told they refuse to lend in accordance with their specific requirements. I simply don't know who is right.
As long as the conveyancing practitioner is on the bank panel, they must follow the Council of Mortgage Lenders’ Handbook requirements for the bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I am purchasing my first flat in Prescot with a loan from Halifax. The developers would not move on the amount so I negotiated 6k of extras instead. The estate agent told me not reveal to my conveyancer about this side-deal as it may put at risk my loan with the lender. Is this normal?.
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 decided to have a survey completed on a property in Prescot in advance of retaining solicitors. I have been advised that there is a flying freehold overhang to the property. The surveyor advised that some lenders will not issue a mortgage on such a premises.
It depends who your proposed lender is. Lloyds has different instructions from Nationwide. If you call us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Prescot. Conveyancing will be smoother if you use a solicitor in Prescot especially if they are accustomed to such properties in Prescot.
I need to appoint a conveyancing solicitor for some conveyancing in Prescot. I have chance upon a web site which seems to have the perfect offering If it is possible to get all formalities done via phone that would be ideal. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?