I have given 8 weeks notice to my existing landlord and must vacate my let out apartment in Sandbach by 9/8/2022. Conveyancing for my house purchase has just started. How realistic is it to complete in six weeks as don't want to have to move into short term accommodation?
Generally one should not serve notice on a rental until your lawyer suggests that you should. Assuming that you have not already done so, speak to your lawyer and request that they apply pressure on the owners side, try to a target completion date that all parties will aim to achieve
I am the registered owner of a freehold house in Sandbach but nevertheless invoiced for rent, why is this and what is this?
It is rare for properties in Sandbach and has limited impact for conveyancing in Sandbach 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 creation 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.
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Sandbach. My lender is Virgin
Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 25/6/2022, the requirements read as follows :
Should our conveyancer be raising enquiries regarding flooding as part of the conveyancing in Sandbach.
Flooding is a growing risk for lawyers carrying out conveyancing in Sandbach. Some people will purchase a property in Sandbach, completely expectant that at some time, it may suffer from flooding. However, aside from the physical destruction, if a property is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or dispose of the premises. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Lawyers are not best placed to give advice on flood risk, however there are a numerous checks that can be initiated by the purchaser or on a buyer’s behalf which can figure out the risks in Sandbach. The standard information sent to a purchaser’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a standard inquiry of the seller to find out whether the property has ever been flooded. If the premises has been flooded in past which is not notified by the vendor, then a buyer could bring a compensation claim stemming from an misleading response. A buyer’s lawyers will also order an environmental report. This should disclose if there is any known flood risk. If so, more detailed inquiries will need to be carried out.
How does conveyancing in Sandbach differ for newly converted properties?
Most buyers of new build premises in Sandbach approach us having been asked by the developer to exchange contracts and commit to the purchase even before the house is built. This is because builders in Sandbach tend to buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Sandbach or who has acted in the same development.
I've recently found out that there is a flying freehold element on a house I put an offer in a fortnight ago in what was supposed to be a straight forward, no chain conveyancing. Sandbach is where the house is located. Is there any advice you can impart?
Flying freeholds in Sandbach are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Sandbach you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Sandbach may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.