I went with a high street lawyer for my conveyancing in Box last week. Going through the Terms I seeI am on the hook for charges even if the movedoes not happen. Should I go with them or appoint a web based solicitor practice advertising no move no charge conveyancing in Box?
Generally there is a compromise along the lines that if "No Completion No Fee" is advertised then the fee levels will generally be uplifted to offset those conveyances that do not go ahead. Also remember that these promotions generally do not cover expenses for example Box conveyancing search charges.
Me and my partner are due to exchange on the purchase of a property in Box but as a result of damage from the recent storms I have was able negotiate recompense from the seller of £3k taking the form of a adjustment in the price. I had intended this to be addressed as part of a side agreement yet HSBC are not allowing this. Should they have been informed?
Your lawyer that is on the HSBC approved list is duty bound to advise HSBC of any amendments to the sale price. If you were to refuse your lawyer to report the reduction to HSBC then they would have to discontinue acting for you. In addition, HSBC and you would have to appoint a new conveyancing practitioner for your conveyancing in Box.
I am the registered owner of a freehold house in Box but still charged rent, why is this and what is this?
It is rare for properties in Box and has limited impact for conveyancing in Box 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 generation of new rentcharges post 1977.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
I have been told that property searches are the main cause of stalling in Box conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) released determinations of a review by MoveWithUs that conveyancing searches do not feature within the top 10 causes of delays in the conveyancing process. Searches are not likely to be the root cause of delay in conveyancing in Box.
Are there restrictive covenants that are commonly identified as part of conveyancing in Box?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Box. 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…’
I opted to have a survey done on a property in Box before retaining conveyancers. I have been informed that there is a flying freehold element to the property. My surveyor advised that some mortgage companies may not issue a loan on such a premises.
It varies from the lender to lender. Santander has different requirements from Birmingham Midshires. If you e-mail us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Box. Conveyancing may be slightly more expensive based on your lender's requirements.