I purchased a freehold house in Sandiacre but still charged rent, why is this and what is this?
It is rare for properties in Sandiacre and has limited impact for conveyancing in Sandiacre 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 generation 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 dispensed with completely.
Do I need to take out insurance to cover chancel repairs when acquiring a property in Sandiacre?
Unless a previous purchase of the house took place post 12 October 2013 you may take it that conveyancing practitioners carrying out conveyancing in Sandiacre to remain encouraging a chancel search and or insurance against a claim.
I used Wolstenholmes a few years past for my conveyancing in Sandiacre. Now, I need the documents but the law firm is no longer operating. 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 Sandiacre of the conveyancing firm of solicitors you previously hired, 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 my first flat in Sandiacre with a mortgage from Barclays . The developers refused to reduce the price so I negotiated 6k of fixtures and fittings instead. The property agent advised me not reveal to my lawyer about this side-deal as it may affect my mortgage with Barclays . 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.
My husband and I may need to let out our Sandiacre 1st floor flat for a while due to a career opportunity. We used a Sandiacre conveyancing practice in 2004 but they have closed and we did not think at the time get any advice as to whether the lease allows us to sublet. How do we find out?
A small minority of properties in Sandiacre do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord cannot unreasonably withhold but, in such cases, they would need to see references. Experience suggests that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.
Sandiacre Leasehold Conveyancing - Sample of Questions you should ask Prior to Purchasing
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You should be aware if it is less than 80 years it will have adverse implications on the value of the flat. Check with your mortgage company that they are content with remaining years on the lease. A short lease means that you will most likely have to extend the lease at some point and you need to have some idea of how much this will be. For most Sandiacrelease extensions you will need to own the property for 24 months before you are legally able to exercise a lease extension. Are any of leasehold owners in dispute over their service charge payments? Who manages the building?
Is planning permission needed to change a house into two flats in Sandiacre? This has occurred to a property adjacent to my house in Sandiacre and was unaware of the conversion until the works were complete.
Planning consent is necessary for splitting a single dwelling in Sandiacre into flats but probably not for converting once again to single dwelling-house so, in answer to your query, yes.