Can the conveyancing solicitors that you recommend handle right to buy conveyancing in Chipping Campden?
We have identified a number of conveyancing firms carrying out right to buy transactions Do get in touch with us to secure a costs calculation.
I am the registered owner of a freehold residence in Chipping Campden but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Chipping Campden and has limited impact for conveyancing in Chipping Campden 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 generation of new rentcharges post 1977.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
I'm purchasing my first flat in Chipping Campden benefiting from help to buy. The builders would not move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep advised me not to tell my lawyer about this deal as it may adversely affect my mortgage with the lender. 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.
I have been pointed in your direction by three or four local property agents in Chipping Campden to locate a conveyancer using your seach tool. Is there a financial advantage for Estate Agents to recommend your services rather than alternative conveyancing organisations?
We refuse to make any commission for pointing buyers and sellers our way. We found it would be just too difficult a fee as home movers will think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
I need to instruct a conveyancing solicitor for some conveyancing in Chipping Campden. I happened to stumble across a site which appears to be the ideal answer If it is possible to get all formalities done via email that would be preferable. Should I be concerned? 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?
I am tempted by the attractive purchase price for a couple of maisonettes in Chipping Campden both have approximately 50 years remaining on the lease term. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Chipping Campden. The lease is a right to use the premises for a period of time. As the lease shortens the marketability of the lease decreases and results in it becoming more expensive to extend the lease. For this reason it is generally wise to increase the term of the lease. It is often difficult to sell a property with a short lease as mortgage companies less inclined to grant a loan on properties of this type. Lease extension can be a protracted process. We recommend you seek professional help from a conveyancer and surveyor with experience in this field.
I inherited a 2 bed flat in Chipping Campden, conveyancing was carried out in 1998. Can you please calculate a probable premium for a statutory lease extension? Corresponding properties in Chipping Campden with over 90 years remaining are worth £201,000. The average or mid-range amount of ground rent is £45 levied per year. The lease finishes on 21st October 2090
You have 65 years remaining on your lease we estimate the premium for your lease extension to span between £13,300 and £15,400 plus legals.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.