I can't travel far from Widdrington. I would like to know the reason why all Widdrington conveyancers are not on all bank panels?
Banks normally impose restrictions on either the type or volume of conveyancing solicitors on their panel. Frequent examples of such restriction(s) being that a organisation must have two or more partners. In addition to restricting the type of firm, some banks decided to reduce the number of firms they allow to act for them. You should note that banks have no responsibility for the accuracy of advice supplied by any Widdrington property lawyer on their panel. Mortgage fraud was the main trigger for the reduction of solicitor panels from 2008 notwithstanding that there are opposing views concerning whether solicitors sat at the center of that fraud. Statistics via HM Land Registry indicates that thousands of conveyancing practices only conduct one or two conveyances a year. Those advocating conveyancing panel cuts question why conveyancing firms should have the right to be listed on a bank panel when it is apparent that conveyancing is not their primary expertise?
Would the conveyancing lawyers that you recommend perform right to buy conveyancing in Widdrington?
We do have a number of conveyancing specialists who can handle right to buy conveyancing You should e-mail the solicitors listed with a view to obtain a costs illustration.
I purchased a freehold house in Widdrington but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Widdrington and has limited impact for conveyancing in Widdrington 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.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
My colleague recommended that where I am purchasing in Widdrington I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes included in the estimate for your Widdrington conveyancing searches. It is a large report of more than thirty pages, listing and setting out important information about Widdrington around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Widdrington Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful data about Widdrington.
I'm purchasing my first flat in Widdrington with the aid of help to buy. The builders refused to budge the amount so I negotiated £7000 of extras instead. The house builders rep told me not disclose to my lawyer about this side-deal as it will put at risk my loan with Accord Mortgages Ltd. Should I keep quiet?.
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.
I have been on the look out for a ground for flat up to £245,000 and found one round the corner in Widdrington I like with open areas and transport links in the vicinity, however it's only got 51 years unexpired on the lease. I can't really find anything else in Widdrington suitable, so just wondered if I would be making a mistake purchasing a short lease?
If you require a mortgage the shortness of the lease may be problematic. Discount the price by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of 2 years you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.