Can the conveyancing lawyers that you recommend conduct attended exchange conveyancing in Congleton?
There are a few conveyancing experts carrying out attended exchanges. Please call us to obtain a conveyancing quote and details as to availability.
I own a freehold house in Congleton but still invoiced for rent, why is this and what is this?
It’s unusual for properties in Congleton and has limited impact for conveyancing in Congleton 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 extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
I am helping my mother sell her house in Congleton. Does the conveyancing solicitor arrange the energy assessment or it is for me to see to?
Following the demise of Home Packs, energy performance certificates remained a mandatory element of selling a property. An energy performance certificate needs to be to hand in advance of the property being marketed. This is not a task that solicitors ordinarily arrange. Where you are instructing a Congleton conveyancing lawyer they may help arrange energy assessments due to their relationships with reputable Congleton assessors
I'm the single beneficiary of my late father’s estate with all property in now in my sole name, including the house in Congleton. Conveyancing formalities meant that the Land Registry date was in November. I want to move. I do know about the Mortgage Lenders six month 'rule', which means that my proprietorship could be regarded the same way as if I'd bought the property in November. Will no one buy the property for half a year?
The CML handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be impacted by that. How sensible a view banks take of it, depend on the lender as this clause chiefly exists to capture the purchase and immediately sell or the quick reselling of properties.
The mortgage over my property is with TSB for my property in Congleton. Conveyancing has been completed months ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform TSB?
TSB must be informed of your intention before renting your property as this is likely to be a breach of TSB’s mortgage conditions. It may be that TSB will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact TSB directly. It should not be necessary to do this via a TSB conveyancing panel lawyer.
I have been told that property searches are the main reason for hinderance in Congleton conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not feature within the top 10 causes of hindrances in the conveyancing process. Searches are not likely to be the root cause of delay in conveyancing in Congleton.
Are there restrictive covenants that are commonly picked up during conveyancing in Congleton?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Congleton. 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…’
Over the last few months I have been searching for a leasehold apartment up to £245,000 and identified one round the corner in Congleton I like with open areas and transport links nearby, however it only has 52 remaining years left on the lease. There is not much else in Congleton in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a mortgage the shortness of the lease will likely be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least twenty four months you could ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor about this matter.