I purchased a freehold residence in Dartmouth but still invoiced for rent, why is this and what is this?
It’s unusual for properties in Dartmouth and has limited impact for conveyancing in Dartmouth 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 hundreds of years, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
I am buying a detached bungalow in Dartmouth. Our aim is to carry out an extension to the side at the house.Will the conveyancing process involve enquiries to determine if these alterations were previously refused?
Your property lawyer will check the registered title as conveyancing in Dartmouth can on occasion identify restrictions in the title documents which restrict certain works or require the permission of another owner. Many additions require local authority planning permissions and approval under the building regulations. Some areas are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these issues with a surveyor before you commit yourself to a purchase.
I'm the only recipient of my late grandmother’s estate and I have everything in my name now, including the my former home in Dartmouth. The Dartmouth property was put into my name in January. I want to move. I do know about the CML six month 'rule', meaning my property ownership may be regarded the same way as though I had purchased the house in January. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be affected by that. How sensible a view banks take of it, depend on the bank as this obligation chiefly exists to pick up on subsales or the quick reselling of properties.
I am selling my flat. I had a double glazing fitted in July 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, HSBC are being pedantic. The Dartmouth solicitor who is on the HSBC conveyancing panel is saying indemnity insurance will be fine but HSBC are insisting on a building regulation certificate. Why do HSBC have a conveyancing panel if they don't accept advice from them?
It is probably the case that HSBC have referred the matter to their valuer. The reason why HSBC may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
What can a local search reveal regarding the property my wife and I buying in Dartmouth?
Dartmouth conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search organisations for instance Onsearch The local search is essential in every Dartmouth conveyancing purchase; that is if you wish to avoid any nasty surprises after you move into your new home. The search will provide 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 thirteen subject areas.
I am buying my first flat in Dartmouth with the aid of help to buy. The developers refused to move on the price so I negotiated £7000 of additionals instead. The sale representative advised me not inform my lawyer about this deal as it could impact my loan with Leeds Building Society. Do I keep my lawyer in the dark?.
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.
Due to the encouragement of my in-laws I had a survey completed on a house in Dartmouth ahead of retaining conveyancers. I have been informed that there is a flying freehold aspect to the house. The surveyor has said that some banks may refuse to grant a loan on this type of property.
It depends who your proposed lender is. HSBC has different requirements from Halifax. If you call us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Dartmouth. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Dartmouth to see if the conveyancing will be more expensive.
I have been sourcing a conveyancing practitioner in Dartmouth for my home move. Is there any facility to check a solicitor's record with the legal regulator?
Anyone can review presented Solicitor Regulator Association (SRA) determinations arising from inquisitions from 2008 onwards. Visit Check a solicitor's record. For records about the period before 1 January 2008, or to check a solicitors record, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, call +44 (0)121 329 6800. The SRA sometimes monitor call for training reasons.