I am the registered owner of a freehold premises in Copmanthorpe but nevertheless pay rent, why is this and what is this?
It is rare for properties in Copmanthorpe and has limited impact for conveyancing in Copmanthorpe 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 many centuries, but the Rent Charge Act 1977 barred the generation 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'm the sole beneficiary of my late grandmother’s estate with all property in now in my sole name, including the my former home in Copmanthorpe. The Copmanthorpe property was put into my name in October. I plan to dispose of the house. I understand that there is a CML 6 month 'rule', which means that my proprietorship will be regarded the same way as though I had purchased the house in October. Do I have to wait 6 months to sell?
The Council of Mortgage Lenders’ handbook mandates 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 banks take of it, depend on the lender as this obligation is primarily there to identify the purchase and immediately sell or the flipping of properties.
How can we know in advance if a Copmanthorpe conveyancing solicitor on the Principality panel is any good?
When it comes to conveyancing in Copmanthorpe getting recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always suggest that you speak with the lawyer handling your transaction.
We are getting the release of further monies on our home loan from Principality as we intend to conduct alterations to our house in Copmanthorpe. Do we need to choose a bricks and mortar Copmanthorpe solicitor on the Principality conveyancing panel to handle the legals?
Principality do not ordinarily appoint a member of their approved list of lawyers to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Principality panel.
My wife and I are selling our home in Copmanthorpe and the buyers lawyers are claiming that there is a possibility that the property was constructed on contaminated land. A high street Copmanthorpe lawyer would know that there is no such problem. It does beg the question why the buyers are using a nationwide conveyancing practice as opposed to a conveyancing solicitor in Copmanthorpe. Having lived in Copmanthorpe for 5 years we know of no issue. Is it a good idea to get in touch with our local Authority to seek confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer currently acting for you. What do they say? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
I am purchasing my first flat in Copmanthorpe benefiting from help to buy. The sellers refused to budge the price so I negotiated £7000 of extras instead. The property agent advised me not to tell my solicitor about the deal as it will impact my loan with Norwich and Peterborough Building Society. 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.
We're first time buyers - had an offer accepted, yet the agent informed us that the vendor will only move forward if we use their chosen conveyancers as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a high street solicitor used to conveyancing in Copmanthorpe
We suspect that the seller is unaware of this requirement. Should the vendor require ‘a quick sale', turning down a genuine purchaser is counter productive. Speak to the vendors direct and make sure they comprehend that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)however you will continue to instruct your preferred Copmanthorpe conveyancing lawyers - not the ones that will provide the negotiator at the agency a kickback or achieve conveyancing thresholds pre-set by senior management.
Frank (my husband) and I may need to rent out our Copmanthorpe 1st floor flat for a while due to a career opportunity. We instructed a Copmanthorpe conveyancing practice in 2004 but they have closed and we did not have the foresight to seek any advice as to whether the lease prohibits the subletting of the flat. How do we find out?
The lease dictates relations between the landlord and you the flat owner; in particular, it will set out if subletting is prohibited, or permitted but only subject to certain caveats. The rule is that if the lease contains no specific ban or restriction, subletting is allowed. Most leases in Copmanthorpe do not contain subletting altogether – such a provision would adversely affect the market value the property. Instead, there is usually a basic requirement that the owner notifies the freeholder, possibly sending a copy of the tenancy agreement.
Leasehold Conveyancing in Copmanthorpe - A selection of Queries before buying
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Are there any major works on the horizon that could increase the maintenance charges? How long is the Lease? Be sure to enquire if there are any onerous restrictions in the lease. By way of example it is fairly common in Copmanthorpe leases that pets are not permitted in certain buildings in Copmanthorpe. If you love the apartmentin Copmanthorpe but your cat can’t make the move with you then you will be presented with a hard compromise.