I hired a high street firm for our conveyancing in Rochford last week. Upon checking the Ts and Cs I noteI am on the hook for costs even if the movedoes not proceed. Would I be best advised to use an internet conveyancing brokerage promising no-sale-no-fee conveyancing in Rochford?
Generally there is a compromise along the lines that if "No Sale No Fee" is available then the conveyancing charges will generally be uplifted to offset the conveyances that do not proceed. Dont forget that these deals tend not to cover expenditure for instance Rochford conveyancing search expenses.
My partner and I intend to remortgage our maisonette in Rochford with Barclays. We have a son approaching twenty who lives with us. Our solicitor requested us to identify any adults other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the flat is repossessed. I have a couple of questions (1) Is this document specific to the Barclays conveyancing panel as he did not need to sign this form when we bought 5 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
First, rest assured that your Barclays conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Barclays. This is solely used to protect Barclays if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Barclays had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
I purchased a freehold premises in Rochford but still pay rent, why is this and what is this?
It is rare for properties in Rochford and has limited impact for conveyancing in Rochford 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 creation of new rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
I have justbeen informed that Stirling Law have been shut down. They conducted my conveyancing in Rochford for a purchase of a freehold house 9 months ago. How can I check that the property is registered correctly in the name of the former proprietor?
The easiest method to check if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Rochford conveyancing specialists.
I'm purchasing my first flat in Rochford with the aid of help to buy. The sellers would not budge the price so I negotiated £7000 of fixtures and fittings instead. The estate agent suggested that I not disclose to my conveyancer about this side-deal as it could jeopardize my loan with Bank of Scotland. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer 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.
What can I do where I am not happy with the property lawyer who conducted our conveyancing in Rochford?
We live in an imperfect world, and is is a fact of life that sometimes things do go wrong. That being said there is recourse where you were not happy with your conveyancing in Rochford. This varies from trying to resolve matters directly with them, through to reporting a conveyancing practitioner to their governing body. If you remain dissatisfied you may consider enlisting the help of the Legal Ombudsman.