I own a freehold residence in Seaton yet pay rent, why is this and what is this?
It’s unusual for properties in Seaton and has limited impact for conveyancing in Seaton 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 fresh rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
Do the Building Society Association intend to launch a search tool with a view to list law firms on the Coventry BS conveyancing panel for example in Seaton?
We are not aware of any intention on the part of the BSA to develop such a search facility.
Should commercial conveyancing searches reveal proposed roadworks that could impact a commercial property in Seaton?
Many commercial conveyancing solicitors in Seaton will execute a SiteSolutions Highways report as it reduces the time that conveyancers spend in looking into accurate data on highways that impact buildings and development assets in Seaton. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Seaton.
For each commercial conveyancing transaction in Seaton it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately could cause delays to Seaton commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Seaton.
I am purchasing my first flat in Seaton benefiting from help to buy. The developers refused to budge the amount so I negotiated five thousand pounds worth of additionals instead. The estate agent suggested that I not disclose to my lawyer about the extras as it would affect my loan with the bank. Is this normal?.
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.
Am I right to be suspicious about brokers that I am dealing with are suggesting a factory type conveyancing firm as opposed to a High Street Seaton conveyancing company?
As is the case with lots of service providers, often input from family and friends can be very helpful. But there are lots of people with a vested interest in a conveyancing transaction; estate agents, financial adviser and lenders might all suggest solicitors to instruct. On occasion the solicitors might be known to one of the organisations as being good in their field, but sometimes there may be a commercial relationship behind the recommendation. You are at liberty to select your own conveyancer. Don't forget that some lenders have an approved list of law firms you have to use for the lender aspect of your house move.
I need to retain a conveyancing solicitor for remortgage conveyancing in Seaton. I've stumble upon a site which seems to have the ideal offering If there is a chance to get all formalities done via phone that would be preferable. Do I need to be concerned? What should out be looking out for?
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?