I am in need of a conveyancer. Do I opt for a national conveyancer as opposed to a local Bowes Park conveyancing solicitor?
Existing third party relationships is an important consideration when choosing conveyancing lawyers. Bowes Park law firms often have long term relationships with mortgage brokers and Bowes Park, local authorities, valuers and other conveyancing firms meaning the whole process is going to be much more straightforward for you. Possessing specialist intelligence of the local area also helps too.
I am the registered owner of a freehold house in Bowes Park but still invoiced for rent, why is this and what is this?
It’s unusual for properties in Bowes Park and has limited impact for conveyancing in Bowes Park 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 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 regarding the property I am purchasing in Bowes Park?
Bowes Park conveyancing often commences with the submitting local authority searches directly from your local Authority or through a personal search company such as Onsearch The local search plays an important part in most Bowes Park conveyancing purchase; as long as you don’t want any unpleasant surprises after you move into your property. The search will provide information 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 headings.
I am purchasing a new build house in Bowes Park with the aid of help to buy. The developers refused to move on the amount so I negotiated £7000 of additionals instead. The property agent suggested that I not disclose to my lawyer about the deal as it would jeopardize my loan with the bank. Is this normal?.
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.
Yesterday I discovered that there is a flying freehold element on a house I have offered on two weeks back in what should have been a quick, chain free conveyancing. Bowes Park is the location of the property. Is there any advice you can give?
Flying freeholds in Bowes Park 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 Bowes Park you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bowes Park may determine 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.
Finally our conveyancing in Bowes Park is set to complete on Friday, but the sellers I am buying off wishes to vacate 24 hours later at noon. Should I agree to such a plan?
Where you require a mortgage then your solicitor will require that the property isvacant on Friday - the mortgage company will insist on it.