I am hoping to receive a mortgage offer from Halifax. I intend to enlist the help of a Licensed Conveyancer in Alnmouth. Does the Halifax Conveyancing panel allow for Licensed Conveyancers?
The Halifax conveyancing panel is, like many other lenders, represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
I purchased a freehold residence in Alnmouth yet pay rent, why is this and what is this?
It’s unusual for properties in Alnmouth and has limited impact for conveyancing in Alnmouth 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 establishment of fresh rentcharges post 1977.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
Can you clarify what the consequences are if my lawyer’s firm is removed from the Yorkshire BS Conveyancing panel ahead of completing my conveyancing in Alnmouth?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
I have recentlybecome aware that Action Conveyancing have closed. They carried out my conveyancing in Alnmouth for a purchase of a leasehold flat 12 months ago. How can I check that my home is registered correctly in the name of the former proprietor?
The easiest method to check if the premises is in your name, you can make 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 Alnmouth conveyancing specialists.
I'm purchasing a new build house in Alnmouth benefiting from help to buy. The sellers would not reduce the price so I negotiated £7000 of additionals instead. The sale representative suggested that I not reveal to my conveyancer about the side-deal as it will affect my loan with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder 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.
Hoping to buy a property located in Alnmouth and I am already nervous. I couldn't find anything specific about Alnmouth. Conveyancing will be needed in due course but do you know about the Alnmouth area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Alnmouth. In the meantime here are some basic statistics that we found