Our Tetbury lawyer has identified an inconsistency between the assumptions in the valuation report and what is in the title deeds. My solicitor says that he is duty bound to check that the lender is OK with this discrepancy and is content to go ahead. Is my solicitor’s approach correct?
Your property lawyer must comply with the UK Finance Lenders’ Handbook provisions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
I purchased a freehold premises in Tetbury but nevertheless invoiced for rent, why is this and what is this?
It is rare for properties in Tetbury and has limited impact for conveyancing in Tetbury 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 many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges post 1977.
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.
I am assisting my mother sell her house in Tetbury. Will the solicitor commission the energy assessment or should I organise this?
After the abolition of HIPs, EPC’s remained a mandatory component of selling a property. An energy performance certificate must be to hand prior to the property being placed on the market. It is not a task that conveyancers ordinarily arrange. Where you are using a Tetbury conveyancing practitioner they may be willing to arrange energy performance certificates due to their contacts with long established local providers
My aunt advised me that in buying a property in Tetbury there may be a number of restrictions preventing external changes to a property. Is this right?
There are anumerous of properties in Tetbury which have some sort of restriction or requirement of consent to external alterations. Part of the conveyancing in Tetbury should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Can you point me to a directory of Skipton panel solicitors in Tetbury on the Building Society Association’s Website?
No. There is no such facility on the CML or Building Society Association websites. A small selection of lenders make their panel listings viewable over the internet. If you are looking for a Tetbury property lawyer on the Skipton please make the most of our tool.
How does conveyancing in Tetbury differ for new build properties?
Most buyers of new build premises in Tetbury contact us having been asked by the developer to exchange contracts and commit to the purchase even before the house is built. This is because new home sellers in Tetbury usually 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 Tetbury or who has acted in the same development.
Having had my offer accepted I require leasehold conveyancing in Tetbury. Before I set the wheels in motion I want to be sure as to the unexpired term of the lease.
Assuming the lease is recorded at the land registry - and 99.9% are in Tetbury - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I purchased a ground floor flat in Tetbury, conveyancing was carried out half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable flats in Tetbury with over 90 years remaining are worth £195,000. The ground rent is £45 charged once a year. The lease ends on 21st October 2087
With only 63 years remaining on your lease we estimate the price of your lease extension to range between £16,200 and £18,600 as well as professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to supply the actual costs in the absence of comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.
My wife and I have recently appointed a conveyancing solicitor in Tetbury. I I would like to check if they are listed on the lender's approved list of lawyers. Could you advise?
It’s a good idea phone your solicitor to check if they are on the bank's approved list. Alternatively please get in touch with us and we can investigate and revert. Should the firm not be on the bank panel we can certainly arrange a reputable conveyancing solicitor in Tetbury on the approved list for your lender.