I require conveyancing for a flat in a relatively new development (five years old) in Selsdon. Almost all the flats have already been sold. Is it really necessary to order neighbourhood searches as part of conveyancing in Selsdon?
A big part of the Selsdon conveyancing process is the conveyancing searches. There are hundreds search providers conducting Selsdon conveyancing searches, as well direct from the local authority. These are known collectively as personal search companies and they produce, not surprisingly, personal searches. However, all Local Authority Search conveyancing products have one thing in common - they must secure their information from the local authority.
I own a freehold premises in Selsdon yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Selsdon and has limited impact for conveyancing in Selsdon 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 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 in 2037 will be dispensed with completely.
My bid for a property was accepted at auction in Selsdon. Conveyancing is needed. What are my next steps?
Having to all intents and purposes signed on the dotted line you will need to appoint a conveyancing practitioner quickly as you are faced with a fast approaching a fixed date to complete the purchase. An auction property should have a corresponding auction set of papers. This will include most,if not all of the documents that your lawyer will need. If you have purchased leasehold premises the auction pack may provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation pertinent to leasehold premises. You must hand this to your appointed conveyancing solicitor as soon as possible. Do make sure that your finances are organised to complete the transaction on the set completion date.
I am buying a detached bungalow in Selsdon. The intention is to carry out an extension to the side at the property.Will legal investigations on the property include investigations to see if these alterations are permitted?
Your solicitor should review the registered title as conveyancing in Selsdon will on occasion reveal restrictions in the title deeds which prohibit certain works or need the permission of a 3rd party. Many extensions call for local authority planning permissions and approval in accordance building regulations. Many areas are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these issues with a surveyor prior to committing yourself to a purchase.
I currently have a mortgage with Aldermore for my property in Selsdon. Conveyancing was finalised 12 months ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Aldermore?
Aldermore must be informed of your intention prior to letting out your property as this is likely to be a breach of Aldermore’s mortgage conditions. It may be that Aldermore will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Aldermore directly. You need not do this via a Aldermore conveyancing panel firm.
4 months have elapsed following my purchase conveyancing in Selsdon took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Just had an offer accepted on a new build flat in Selsdon. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Selsdon
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There must be mutual enforceability of lessee’s covenants. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Forfeiture - bankruptcy or liquidation must not apply under this provision.
How easy is it to change a solicitor as I need to find a Selsdon based conveyancer who is on the bank conveyancing panel. How simple is it to change conveyancer?
If you haven't yet instructed a conveyancer to commence the conveyancing and at this stage simply received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer in Selsdon that you're thinking of instructing.