I own a freehold premises in Brackla but still charged rent, why is this and what is this?
It is rare for properties in Brackla and has limited impact for conveyancing in Brackla 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 establishment of fresh rentcharges post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
Have just purchased a repossessed house at auction in Brackla. Conveyancing is needed. What happens now?
Now that you have exchanged you now have to hire the services of a conveyancing solicitor quickly as you are faced with a pending a drop dead date to complete the conveyancing. Every auction property should have a bespoke auction set of papers. This should include evidence of title and search results. In the case of leasehold property the legal pack may provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork specific to leasehold premises. You should give this to your appointed conveyancing solicitor at the earliest opportunity. You also need to ensure that you have funds in place to complete the transaction on the set completion date.
I'm the single recipient of my late father’s will and I have everything in my name alone, including the house in Brackla. The Brackla property was put into my name in December. I want to move. I do know about the Mortgage Lenders six month 'rule', which means that my property ownership could be treated the same way as if I'd bought the property in December. Is the property unsalable for six months?
The CML handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be impacted by that. How sensible a view lenders take of it, depend on the lender as this clause primarily exists to identify the purchase and immediately sell or the flipping of property.
My offer was accepted on a house in Brackla on 6/12/2024, valuation was booked 4 days after, received a clean bill of health. Solicitor appointed, so all that was missing was my mortgage offer. Having made daily calls to Nottingham and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Nottingham conveyancing panel. Can the lender hold off the offer?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Nottingham to deal with your lawyer's application to be on the Nottingham conveyancing panel. There's no guarantee that your solicitor will be accepted.
Due to the advice of my in-laws I had a survey completed on a property in Brackla prior to instructing conveyancers. I have been told that there is a flying freehold element to the property. My surveyor has said that some banks will not grant a mortgage on such a house.
It depends who your proposed lender is. Lloyds has different instructions for example to Nationwide. Should you wish to telephone us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Brackla. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Brackla to see if the conveyancing costs will increase in light of this.
What tools are available to locate a Brackla solicitor on the Santander conveyancing panel? I have wheels and am happy to travel upto 25miles to meet the solicitor.
Feel free to make use of the facility on this page. Please choose the lender and your location and you will see a number of Brackla conveyancing lawyers located nearest you. We have detailed some Brackla conveyancing firms towards the end of this page and you can contact them to verify if they are on the Santander panel
I need to find a conveyancing solicitor for residential conveyancing in Brackla. I have chance upon a web site which appears to be the ideal solution If there is a chance to get all the legals done via email that would be ideal. Should I be wary? What are the potential pitfalls?
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?
I’m about to sell my 2 bed flat in Brackla. Conveyancing solicitors are to be appointed soon, but I have recently received a half-yearly maintenance charge demand – what should I do?
Your conveyancing lawyer is likely to suggest that you should clear the invoice as normal because all ground rent and maintenance payments should be apportioned on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
Leasehold Conveyancing in Brackla - Examples of Questions you should consider Prior to Purchasing
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Does this lease have more than 90 years unexpired? What prohibitions exist in the Brackla Lease? The prefered form of lease arrangement is if the freehold interest is in the ownership of the leaseholders. In this arrangement the leaseholders have being in charge if their destiny and although a managing agent is often retained where it is larger than a house conversion, the managing agent retained by the leaseholders.