I own a freehold property in Ashford but nevertheless charged rent, why is this and what is this?
It is rare for properties in Ashford and has limited impact for conveyancing in Ashford 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 creation of new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
What can a local search inform me about the house we're purchasing in Ashford?
Ashford conveyancing often commences with the submitting local authority searches directly from your local Authority or through a personal search organisations for example Searches UK The local search is essential in every Ashford conveyancing purchase; that is if you wish to avoid any nasty surprises after you move into your new home. The search should provide information 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 thirteen topic areas.
I bought my flat on 7 June and my personal details is yet to be registered. Need I be worried? My conveyancing solicitor in Ashford expressed confidence that it would be formalised in a couple of weeks. Are transfers in Ashford particularly slow to register?
As far as conveyancing in Ashford registration is no faster or slower than anywhere else in England and Wales. Rather than based on location, timeframes can vary depending on who lodges the application, whether it is in order and if the Land registry communicate with any 3rd persons or bodies. Currently in the region of 80% of submission are fully dealt with within two weeks but occasionally there can be protracted delays. Historically registration occurs once the new owner has moved in to the premises so 'speed' is not usually top priority yet if there is a degree of urgency associated with the registration then you or your lawyers must communicate with the Registry to express the reasoning for the application to be prioritised.
I am purchasing my first flat in Ashford with a loan from Birmingham Midshires. The sellers refused to budge the price so I negotiated £7000 of additionals instead. The property agent advised me not to tell my conveyancer about this deal as it could adversely affect my loan with Birmingham Midshires. 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.
Is it possible to swap firm as I need to select one who is on the Birmingham Midshires conveyancing list. I instructed a family conveyancing solicitor in Ashford five minutes from me but the firm is not approved by Birmingham Midshires
It would be our pleasure to help you find a conveyancing solicitor in Ashford on the Birmingham Midshires panel. Please note that the property lawyers that we work with do not pay us fee if you instruct them and are registered with the SRA who oversee all conveyancing solicitors in Ashford. In utilising search facility on this site, you can contrast costs for conveyancing solicitors in Ashford and throughout England and Wales.
Developers have recommended to me a conveyancer and I've obtained an estimate from them. It's nearly £300 cheaper than my own Ashford property lawyer. What's the catch?
Builders normally have panels of property lawyers who are quick and who know the developer’s documentation and solicitor. As many developers offer an inducement to select a preferred property lawyer for this reason, any increased cost can be avoided and a builder will not recommend a conveyancing warehouse and run the risk of having the conveyancing delayed when they require an exchange in 28 days. The argument for not agreeing to use the recommended lawyer is that they may be hesitant to fight for your interests for fear of alienating the sellers. If you worry that this may be the case you should remain with your high street Ashford lawyer.