I own a freehold house in Allestree yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Allestree and has limited impact for conveyancing in Allestree 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 establishment of new rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
Should our solicitor be asking questions regarding flooding during the conveyancing in Allestree.
Flooding is a growing risk for lawyers dealing with homes in Allestree. Plenty of people will buy a house in Allestree, fully expectant that at some time, it may be flooded. However, leaving to one side the physical destruction, if a house is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory building insurance, or sell the premises. There are steps that can be taken during the course of a property purchase to forewarn the buyer.
Lawyers are not best placed to offer advice on flood risk, but there are a numerous searches that may be carried out by the buyer or on a buyer’s behalf which should give them a better understanding of the risks in Allestree. The standard completed inquiry forms sent to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a standard question of the seller to find out if the premises has historically flooded. If flooding has previously occurred which is not disclosed by the seller, then a purchaser may bring a legal claim for losses resulting from an misleading reply. The buyer’s lawyers will also commission an environmental search. This will indicate whether there is a recorded flood risk. If so, additional inquiries should be initiated.
3 months have elapsed following my purchase conveyancing in Allestree concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Allestree differ for new build properties?
Most buyers of new build premises in Allestree contact us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is completed. This is because builders in Allestree usually buy the site, 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 conveyancing solicitors 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 Allestree or who has acted in the same development.
In my capacity as executor for the estate of my father I am disposing of a residence in Swansea but reside in Allestree. My conveyancer (approximately 250 miles from meneeds me to execute a stat dec before the transaction finalising. Could you suggest a conveyancing lawyer in Allestree to witness and place their company stamp on the document?
strictly speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will do regardless of whether they are Allestree based
I have today had an offer accepted on a leasehold flat in Allestree and the estate agent that we are using recommended his conveyancer. They quoted £900 excluding VAT and disbursements. Does this sound reasonable?
Don't just go on a single quote. You should seek like-for-like quotes for your conveyancing in Allestree. Then pick one that you are comfortable with and crucially, is on the approved list of the mortgage company that you have applied for a mortgage from.