I purchased a freehold residence in Whittlesey yet invoiced for rent, why is this and what is this?
It is rare for properties in Whittlesey and has limited impact for conveyancing in Whittlesey 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 many centuries, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
Do commercial conveyancing searches reveal planned roadworks that could affect a commercial land in Whittlesey?
Many commercial conveyancing solicitors in Whittlesey will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in researching accurate data on highways that impact buildings and development assets in Whittlesey. The search result provides definitive data 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 Whittlesey.
For every commercial conveyancing transaction in Whittlesey it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately could result in delays to Whittlesey commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not ordered for residential conveyancing in Whittlesey.
I am buying a new build house in Whittlesey with a mortgage from Norwich and Peterborough Building Society. The developers refused to budge the amount so I negotiated £7000 of additionals instead. The estate agent suggested that I not to tell my lawyer about this extras as it will put at risk my mortgage with the lender. 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.
How do I locate a Whittlesey solicitor on the Alliance & Leicester conveyancing panel? I have a car and am prepared to travel upto 20miles to meet the lawyer.
Feel free to make use of the tool on this page. Please select a lender and your location and you will see a number of Whittlesey conveyancing lawyers based on proximity. We have listed some Whittlesey conveyancing firms towards the end of this page and you can telephone them to check if they are on the Alliance & Leicester panel
I am in need of some leasehold conveyancing in Whittlesey. Before I set the wheels in motion I would like to find out the number of years remaining on the lease.
Assuming the lease is recorded at the land registry - and 99.9% are in Whittlesey - then the leasehold title will always include the basic details 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.
Whittlesey Conveyancing for Leasehold Flats - Sample of Queries before buying
Make sure you find out if there are any onerous prohibitions in the lease. By way of example it is very common in Whittlesey leases that pets are not allowed in in a block in Whittlesey. If you love the propertyin Whittlesey yet your dog can’t make the move with you then you will be faced difficult compromise. Are any of leasehold owners in dispute over their service charge payments? The prefered form of lease structure is if the freehold title is owned by the leaseholders. In this arrangement the tenants enjoy control and although a managing agent is often retained if it is bigger than a house conversion, the managing agent acts for the leaseholders themselves.
Been searching for a solicitor for leasehold sale conveyancing in Whittlesey. I'm selling, simple no mortgage to discharge, no hurry, currently vacant. Had an estimate from a property lawyer for £1000 including VAT which is a tad high given that its so straightforward. Can I pay less for conveyancing in Whittlesey?
As it’s a sale only, £450 + VAT is likely to be about the best for sale conveyancing in Whittlesey.