My wife and I are soon to exchange buying a house in Winchcombe but as a result of wreckage from some water damage at the property I have managed to agree recompense from the vendor of £3k by way of a adjustment in the price. This was going to be addressed as part of amending the contract yet Leeds Building Society will not permit this. Why were they notified?
The property lawyer being on a Leeds Building Society conveyancing panel is obliged to disclose to Leeds Building Society of any variations to the sale price. If you were to refuse your conveyancer to disclose the reduction to Leeds Building Society then they would have to discontinue acting for you. In addition, Leeds Building Society and you would have to appoint a new lawyer for your conveyancing in Winchcombe.
I own a freehold premises in Winchcombe yet invoiced for rent, why is this and what is this?
It is rare for properties in Winchcombe and has limited impact for conveyancing in Winchcombe 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 new 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 after 2037 is to be dispensed with completely.
I have justdiscovered that Stirling Law have closed. They carried out my conveyancing in Winchcombe for a purchase of a leasehold flat 12 months ago. How can I establish that the property is registered correctly in the name of the previous owner?
The easiest way to check if the premises is registered to you, 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 Winchcombe conveyancing specialists.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on last month in what should have been a simple, no chain conveyancing. Winchcombe is where the house is located. What do you suggest?
Flying freeholds in Winchcombe are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Winchcombe you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Winchcombe may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
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At this site obtain an accurate costs illustration from a Solicitor or Licensed Conveyancer that understands the issues of your conveyancing in Winchcombe. As opposed to estate agents and brokerage sites we are not in the business of charging firms a fee if you instruct them for your home move in Winchcombe
My father-in-law has recommend that I instruct his conveyancers in Winchcombe. Should I use them?
No doubt it’s preferable to choose a conveyancing lawyer is to have feedback from friends or relatives who have actually previously instructed the solicitor you're are thinking of instructing.