We are about to exchange buying a house in Coleford but as a consequence of damage from a small fire at the property I have was able negotiate compensation from the seller in the sum of £2k taking the form of a reduction in the price. I had intended this to be addressed as part of amending the contract but Virgin Money will not agree to this. Why were they involved?
Your lawyer being on the Virgin Money approved list is obliged to disclose to Virgin Money of any variations to the purchase price. If you prohibit your lawyer to report the price change to Virgin Money then they would have to discontinue acting for you. In addition, Virgin Money and you would have to appoint a new property lawyer for your conveyancing in Coleford.
I own a freehold house in Coleford yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Coleford and has limited impact for conveyancing in Coleford 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 post 1977.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
Is there a search tool that I can use to find out if the solicitor carrying out my conveyancing in Coleford is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Clydesdale thus spending £192.00 in further legal bill.
Feel free to make the most of the search tool on this site. Please choose the lender and type ‘Coleford’ or your location and you will see a number of lawyer located in Coleford or nearest you.
My colleague recommended that if I am buying in Coleford I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is occasionally included in the estimate for your Coleford conveyancing searches. It is a large report of about 40 pages, listing and setting out significant information about Coleford around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Coleford Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Coleford Education with maps and statistics, Local Amenities and other useful information about Coleford.
About to purchase a new build apartment in Coleford. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Coleford
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Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Forfeiture - bankruptcy or liquidation must not apply under this provision. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? There must be mutual enforceability of lessee’s covenants. Please supply a car parking plan.
What should I expect to pay for conveyancing in Coleford?
The amount you are levied for Coleford conveyancing costs are likely to be calculated at:
- a set sum; or
- on a time spent basis (i.e. the time spent on the particular case).
These days very few Coleford conveyancing solicitors invoice on time basis