My wife and I are soon to exchange on the purchase of a house in Upton but as a result of damage from a small fire at the property I have managed to agree compensation from the owner of six thousand pounds in the form of a reduction in the price. This was going to be dealt with as part of the conveyancing process however Skipton will not agree to this. Why were they informed?
The conveyancing practitioner that is on the Skipton conveyancing panel is duty bound to inform Skipton of any variations to the sale price. If you prohibit your conveyancer to notify the reduction to Skipton then they would have to discontinue acting for you. In addition, Skipton and you would have to appoint a new solicitor for your conveyancing in Upton.
I am the registered owner of a freehold residence in Upton but still invoiced for rent, why is this and what is this?
It’s unusual for properties in Upton and has limited impact for conveyancing in Upton 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 extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
I have todaybeen informed that Wolstenholmes have been shut down. They conducted my conveyancing in Upton for a purchase of a leasehold apartment 9 months ago. How can I establish that the property is registered correctly in the name of the former proprietor?
The quickest way to check if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Upton conveyancing specialists.
About to purchase a new build apartment in Upton. 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 conveyancing.
Here is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Upton
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Forfeiture - bankruptcy or liquidation must not apply under this provision. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. There must be mutual enforceability of lessee’s covenants. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
I decided to have a survey done on a property in Upton prior to appointing lawyers. I have been advised that there is a flying freehold aspect to the property. My surveyor has said that some banks will refuse to give a mortgage on this type of home.
It depends who your proposed lender is. Bank of Scotland has different instructions from Birmingham Midshires. Should you wish to call us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Upton. Conveyancing will be smoother if you use a solicitor in Upton especially if they regularly deal with such properties in Upton.
I need to retain a conveyancing solicitor for purchase conveyancing in Upton. I've stumble across a web site which seems to have the perfect answer If it is possible to get all the legals done via email that would be preferable. Do I need to be wary? What are the potential pitfalls?
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?