We are purchasing a 1 bedroom apartment in Rawtenstall with a mortgage. We have a Rawtenstall conveyancer, however the lender advise she’s not on their "panel". We have to appoint one of the bank panel solicitors or continue with our Rawtenstall lawyer and pay for one of their panel firms to represent them. This seems very unfair; is there anything we can do?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Rawtenstall conveyancing solicitor to apply to be on the conveyancing panel.
I purchased a freehold premises in Rawtenstall but still charged rent, why is this and what is this?
It is rare for properties in Rawtenstall and has limited impact for conveyancing in Rawtenstall 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 establishment of new rentcharges post 1977.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
We just had an offer accepted to buy with Norwich and Peterborough Building Society. I popped in a couple of local firms but cant to find a Rawtenstall conveyancing firm on the Norwich and Peterborough Building Society panel. Please you help?
Feel free to take advantage of the search tool on this web page. Pick the mortgage company and type Rawtenstall or your preferred area and you will discover numerous solicitors based in Rawtenstall or near you.
My relative advised me that if I am purchasing in Rawtenstall I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually included in the estimate for your Rawtenstall conveyancing searches. It is not a small document of about 40 pages, listing and detailing important information about Rawtenstall around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Rawtenstall Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with maps and statistics, Local Amenities and other useful data concerning Rawtenstall.
Despite weeks of looking the Title Certificate and documents to our home can not be found. The lawyers who handled the conveyancing in Rawtenstall 10 years ago have long since closed. Will I be able to sell the house?
These day there are copies made of almost everything, and your solicitor will be aware exactly where to look for all the appropriate paperwork so you can buy or dispose of your house without a hitch. Where copies are not available, your lawyer may be able to arrange cover in the form of insurance or indemnities against future claims on the property.
I am looking for a leasehold apartment up to £235,500 and found one close by in Rawtenstall I like with a park and transport links in the vicinity, however it's only got 51 remaining years left on the lease. I can't really find anything else in Rawtenstall in this price bracket, so just wondered if I would be making a grave error buying a short lease?
If you need a home loan the shortness of the lease may be a potential deal breaker. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of twenty four months you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor about this.