I have given 8 weeks notice to my current landlord and have to be out of my let out property in Blackwood by the end of next month. Conveyancing for my house purchase has just started. How realistic is it to complete in six weeks as I wish to avoid having to move into temporary accommodation?
The normal practice is not to serve notice for your tenancy until exchange of contracts has taken place. If you have not previously done so, contact to your solicitor and urge them to they chase the other solicitors, try to get a realistic time scale from them that everyone will look towards
I purchased a freehold premises in Blackwood yet pay rent, why is this and what is this?
It is rare for properties in Blackwood and has limited impact for conveyancing in Blackwood 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 from 1977 onwards.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
Are there restrictive covenants that are commonly identified as part of conveyancing in Blackwood?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Blackwood. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Blackwood differ for newly converted properties?
Most buyers of new build property in Blackwood contact us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is ready to move into. This is because new home sellers in Blackwood usually purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Blackwood or who has acted in the same development.
Due to the input of my in-laws I had a survey completed on a house in Blackwood prior to retaining solicitors. I have been advised that there is a flying freehold aspect to the house. Our surveyor advised that some banks will not grant a mortgage on this type of house.
It varies from the lender to lender. Lloyds has different instructions from Nationwide. If you e-mail us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Blackwood. Conveyancing will be smoother if you use a solicitor in Blackwood especially if they are acquainted with such properties in Blackwood.
I need to appoint a conveyancing solicitor for some conveyancing in Blackwood. I have land on a web site which appears to be the ideal solution If there is a chance to get all this stuff completed via web that would be preferable. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?