My fiance and I are planning to purchase a property in Audlem and are in fact using a Audlem conveyancing firm. Within the last couple of days our property lawyer has sent a preliminary report and documents to look through with a view to exchanging next week. Barclays Direct have this morning contacted us to advise us that there is now an issue as our Audlem solicitor is not on their approved list of lawyers. Please explain?
If you are buying a property requiring a mortgage it is usual for the purchasers' lawyers to also represent the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your property lawyer should contact your bank and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You don't have to instruct a firm on the lender’s conveyancing panel as you are at liberty to use your preferred Audlem lawyers, in which case it will likely add costs, and it may delay matters as you are adding another lawyer into the mix.
I am the registered owner of a freehold residence in Audlem yet pay rent, why is this and what is this?
It’s unusual for properties in Audlem and has limited impact for conveyancing in Audlem 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 from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
My colleague recommended that where I am buying in Audlem I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is occasionally included in the estimate for your Audlem conveyancing searches. It is a large report of more than thirty pages, listing and detailing important information about Audlem around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Audlem Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with plans and statistics, Local Amenities and other useful data concerning Audlem.
I have been on the look out for a flat up to £235,500 and identified one round the corner in Audlem I like with open areas and station in the vicinity, the downside is that it's only got 52 years on the lease. I can't really find anything else in Audlem in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
If you require a mortgage that many years may be an issue. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of twenty four months you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.
I am looking into buying my first house which is in Audlem and I am already nervous. I couldn't find anything specific about Audlem. Conveyancing will be needed in due course but do you know about the Audlem area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Audlem. In the meantime here are some basic statistics that we found
A conveyancing company handled my conveyancing in Audlem 5 years past having retained my registration certificates but has now closed – how do I retreive these?
Title deeds, as such, are no longer appropriate for most properties in Audlem are recorded digitally at Land Registry. Should you need to establish evidence of proprietorship or are disposing of or re-mortgaging your conveyancing practitioner can obtain up to date copies of the register from the Land Registry in any case.
If you feel there may be other documents or you have any other queries please e-mail your request with details of the transaction and documents you need to filerequest@clc-uk.org. The CLC will let you know what information they have and any additional information they may need before they are in a position to identify and send the documents to you. Following an intervention it may take some time for the CLC to access archived files and documents, but your request will be actioned with reasonable haste.