My financial adviser has requested my Common Edge lawyer’ panel reference for the Nationwide conveyancing panel. How do I find this out. I have called my local Common Edge office but they have not responded to me.
The sensible thing to do is ask for this information from your Common Edge solicitor . They should have a central record lender panel numbers.
The Common Edge conveyancing firm handling our Common Edge conveyancing has discovered a difference between the surveyor’s assumptions in the valuation survey and what is revealed within the conveyancing documents. My lawyer informs me that he is obliged to check that the bank is happy with this discrepancy and is still content to lend. Is my conveyancer’s stance legitimate?
Your lawyer must comply with the UK Finance Lenders’ Handbook provisions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
I purchased a freehold residence in Common Edge but still charged rent, why is this and what is this?
It’s unusual for properties in Common Edge and has limited impact for conveyancing in Common Edge 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 creation of fresh 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 post 2037 is to be extinguished.
What will a local search inform me concerning the house I am purchasing in Common Edge?
Common Edge conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search company for instance PSG The local search plays an important part in most Common Edge conveyancing purchase; that is if you wish to avoid any nasty surprises after you move into your property. The search should supply information on, amongst other things, details on planning applications relevant 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 13 topic sections.
I am buying a new build apartment in Common Edge. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Common Edge
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please supply a car parking plan. There must be mutual enforceability of lessee’s covenants.
I have been advised by a few property agents in Common Edge to select a conveyancer on your site. Is there a financial inducement for Estate Agents to market your lawyers over a competitor’s?
We refuse to make any referral fee for pointing buyers and sellers in our direction. We thought it would be too underhand a fee because home movers will think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.