I own a freehold residence in Blaby but still pay rent, why is this and what is this?
It’s unusual for properties in Blaby and has limited impact for conveyancing in Blaby 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 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 post 2037 is to be extinguished.
Can you help - my lawyer says that flying freehold insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Blaby?
The right level of flying freehold indemnity insurance should be dictated by who who your lender is. It would differ for example between Santander and Chelsea Building Society. Conveyancing lawyers as opposed to members of the public take out such insurances.
When it comes to mortgage companies such as Lloyds, do Blaby lawyers face a fee to be on the list of approved solicitors?
We are unaware of any lender fees to be on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
After shopping around on the internet I have found a Blaby lawyer having checked that they are on the Santander conveyancing panel. Does my lawyer arrange the survey of the property?
Santander will need an independent valuation of the property. Your lawyer will not arrange this. Usually Santander will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your conveyancing practitioner will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Blaby postcode. As you are getting a mortgage with Santander, you could contact them to see if they have a list of approved surveyors in Blaby.
I bought my apartment on 14 September and my personal details are still not on the land registry website. Any reason for this? My conveyancing solicitor in Blaby expressed confidence that it would be formalised in less than a month. Are properties in Blaby uniquely lengthy to register?
As far as conveyancing in Blaby is concerned, registration is no faster or slower than anywhere else in England and Wales. Rather than based on location, timescales can adjust according to the party submitting the application, whether it is in order and whether the Land registry communicate with any interested persons or bodies. Currently roughly three quarters of submission are fully addressed in less than three weeks but occasionally there can be longer delays. Historically registration occurs once the buyer has moved in to the property therefore 'speed' is not typically primary concern yet if there is a degree of urgency associated with the registration then you or your lawyers should speak with the land registry and explain the circumstances.
I am buying a new build house in Blaby benefiting from help to buy. The developers refused to move on the price so I negotiated £7000 of additionals instead. The sale representative suggested that I not to tell my solicitor about this deal as it could impact my mortgage with the lender. 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.
I am looking into buying my first house which is in Blaby and I am already nervous. I couldn't find anything specific about Blaby. Conveyancing will be needed in due course but do you know about the Blaby area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Blaby. In the meantime here are some basic statistics that we found
Our estate agent has recommended their conveyancer for our conveyancing in Blaby - Is it not simpler easier to just use them?
It is not always the case and you are at liberty to instruct whichever conveyancing practitioner you prefer for your Blaby conveyancing. The solicitor recommended by an estate agent may not necessarily be the right solicitor, they may suggest their own conveyancing firm who are based far away. In this instance you may not have contact with your property lawyer and due to the lack of continuity in the transaction, it may be difficult to obtain updates.