Me and my wife are purchasing a leasehold flat in Bedford Hill. My property lawyer is not listed on the lender approved list. Is it possible for me to continue with my Bedford Hill conveyancing solicitor even though they are excluded from the lender panel of approved conveyancing solicitors?
You have a number of options open to you here
- Proceed with your existing Bedford Hill lawyer but your mortgage company will undoubtedly appoint a conveyancer on their conveyancing panel. This will result in additional fees and likely interruption.
- Choose a new property lawyer to act in the purchase, making sure they are on the lender conveyancing panel.
- Convince your conveyancer to attempt to join the lender panel
I own a freehold premises in Bedford Hill but nevertheless charged rent, why is this and what is this?
It is rare for properties in Bedford Hill and has limited impact for conveyancing in Bedford Hill 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 date back hundreds of years, but the Rent Charge Act 1977 barred the creation of new rentcharges post 1977.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
What does a local search inform me about the property we're purchasing in Bedford Hill?
Bedford Hill conveyancing often commences with the applying for local authority searches directly from your local Authority or through a personal search organisations for example PSG The local search plays an important role in many a Bedford Hill conveyancing purchase; as long as you wish to avoid any nasty surprises after you move into your new home. The search should reveal data on, amongst other things, details on planning applications applicable to the property (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 subject sections.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on last month in what should have been a quick, no chain conveyancing. Bedford Hill is the location of the property. What do you suggest?
Flying freeholds in Bedford Hill are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Bedford Hill you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bedford Hill may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Taking into account that I will soon spend hundreds of thousands of pounds on a terraced house in Bedford Hill I would like to talk to a solicitor concerning thetransaction ahead of instructing the firm. Can this be arranged?
Absolutely - we would be pleased to talk to you we do not take any clients on without you liaising with the solicitor due to be conducting your property ownership legalities in Bedford Hill.There is no ‘factory style conveyancing’ - each client is an important person, not a matter reference. The law firms that we put you in touch with believe that the figure you are calculated and presented to you for your conveyancing in Bedford Hill should be the amount on the final invoice that you end up paying.
My husband and I are novice buyers - had an offer accepted, but the agent told us that the vendor will only proceed if we use their chosen lawyers as they want a ‘quick sale’. We would rather use a family conveyancer used to conveyancing in Bedford Hill
We suspect that the seller is unaware of this request. If they require ‘a quick sale', taking such a hostile approach to a genuine purchaser is not the way to achieve this. Speak to the vendors direct and explain that (a)you are keen to buy (b)you are ready to go, with finances arranged © you have nothing to sell (d) you wish to move quickly (e)but you will continue to appoint your own,trusted Bedford Hill conveyancing solicitors - not the ones that will provide the estate agent a kickback or meet his conveyancing figures pre-set by head office.