I purchased a freehold house in Anston but still charged rent, why is this and what is this?
It is rare for properties in Anston and has limited impact for conveyancing in Anston 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 creation 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 in 2037 is to be extinguished.
The formalities of my remortgage has taken place for my property in Anston. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
Most banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Team at head office. We understand that complaints to a lender are resolved effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
It is not clear whether my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Anston bank branch on numerous occasions and was reassured it wasn't a problem and they would lend. My Anston conveyancing solicitor - who is on the lender conveyancing panel- telephoned and was told they refuse to lend based on their specific requirements. I simply don't know who is right.
The conveyancer has to comply with the CML Handbook section two requirements for your bank. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years remaining.
My offer on a semi in Anston has been agreed to, but there is a chain. The sellers have put an offer on on an apartment, however it’s not been accepted yet, and have viewings of other properties booked. I have instructed a nearby conveyancing solicitor in Anston. What should be my next step? At what stage do I apply for the mortgage with Principality?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is in the region of one thousand pounds, then valuation, Anston conveyancing search fees, etc). The first thing to do is check that your conveyancer is on the Principality approved list. As to the subsequent stages this very much depends on the specifics of your transaction, desire for this property and on the state of the market. During a buoyant market many buyers would apply for the mortgage with Principality and pay for the valuation and only if it was satisfactory would they ask their conveyancing practitioner to proceed with searches.
What can a local search reveal concerning the house I am purchasing in Anston?
Anston conveyancing often starts with the ordering local authority searches directly from your local Authority or through a personal search organisations such as Searchflow The local search plays a central part in many a Anston conveyancing purchase; as long as you wish to avoid any nasty once you have moved into your property. The search should reveal data on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic sections.
I am buying my first flat in Anston with the aid of help to buy. The builders would not reduce the price so I negotiated £7000 of additionals instead. The house builders rep suggested that I not to tell my conveyancer about the extras as it may impact my mortgage with Platform Home Loans Ltd. 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.
How do I search for a Anston law firm on the Barclays conveyancing panel? I drive a motor bike and am willing to travel upto 10kilometers to meet the solicitor.
You can use the search on this page. Please pick a bank and your location and you will see a number of Anston conveyancing lawyers locally. We have listed some Anston conveyancing firms at the bottom of this page and you can telephone them to see whether they are on the Barclays panel
I today plan to offer on a house that seems to be perfect, at a great figure which is making it more attractive. I have since been informed that the title is leasehold rather than freehold. I would have thought that there are particular concerns buying a house with a leasehold title in Anston. Conveyancing solicitors have are about to be appointed. Will they explain the issues?
Most houses in Anston are freehold rather than leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can help the conveyancing process. it is apparent that you are buying in Anston in which case you should be shopping around for a Anston conveyancing solicitor and be sure that they are used to dealing with leasehold houses. As a matter of priority you will need to check the unexpired lease term. Being a tenant you will not be at liberty to do whatever you want with the house. The lease will likely included provisions such as requiring the landlord’sconsent to conduct alterations. It may be necessary to pay a service charge towards the upkeep of the estate where the house is located on an estate. Your lawyer should report to you on the legal implications.
I purchased a 1st floor flat in Anston, conveyancing formalities finalised 7 years ago. Can you work out an approximate cost of a lease extension? Comparable flats in Anston with a long lease are worth £186,000. The ground rent is £55 invoiced annually. The lease ceases on 21st October 2078
With 53 years unexpired we estimate the premium for your lease extension to range between £27,600 and £31,800 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.