We are soon to exchange on the purchase of a house in Fairbourne but as a consequence of damage from the recent storms I have was able negotiate compensation from the owner of three thousand pounds by way of a adjustment in the price. This was going to be dealt with as part of amending the contract however Kent Reliance will not permit this. Why were they informed?
The conveyancer being on a Kent Reliance conveyancing panel is required to disclose to Kent Reliance of any changes to the purchase price. If you prohibit your solicitor to notify the reduction to Kent Reliance then they would have to discontinue acting for you. In addition, Kent Reliance and you would have to appoint a new lawyer for your conveyancing in Fairbourne.
I own a freehold residence in Fairbourne but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Fairbourne and has limited impact for conveyancing in Fairbourne 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 establishment of fresh rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
Do the Building Society Association intend to launch a online directory to to identify firms on the Earl Shilton BS conveyancing panel for example in Fairbourne?
Lexsure has not been advised of any intention on the part of the BSA to develop such a register.
Should our lawyer be raising enquiries about flooding as part of the conveyancing in Fairbourne.
Flooding is a growing risk for lawyers specialising in conveyancing in Fairbourne. There are those who buy a property in Fairbourne, fully expectant that at some time, it may be flooded. However, leaving to one side the physical destruction, if a house is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or sell the property. Steps can be carried out during the course of a property purchase to forewarn the buyer.
Lawyers are not qualified to offer advice on flood risk, but there are a number of checks that may be undertaken by the purchaser or on a buyer’s behalf which should give them a better appreciation of the risks in Fairbourne. The standard completed inquiry forms sent to a buyer’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual question of the vendor to find out if the property has suffered from flooding. If flooding has previously occurred which is not notified by the owner, then a purchaser may commence a claim for damages as a result of such an incorrect reply. A buyer’s lawyers should also conduct an enviro search. This should disclose if there is any known flood risk. If so, additional investigations will need to be initiated.
In what way can the Landlord & Tenant Act 1954 impact my business property in Fairbourne and how can your lawyers assist?
The 1954 Act affords protection to business lessees, giving them the right to apply to court for a new tenancy and continue in occupation at the end of an expired lease. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing firms who use the act for protection and handle your commercial conveyancing in Fairbourne
I am using a search engine for the words on line conveyancing in Fairbourne it shows results of numerous solicitorsin the vicinity. With so much choice what is the best way to find the suitable solicitor for my move?
The ideal method of seeking a suitable conveyancer is via trusted testimonial, so enquire of friends and those you trust who have purchased a property in Fairbourne or a respected estate agent or financial adviser. Costs for conveyancing in Fairbourne vary, so it's sensible to request a minimum of three fee estimates from different solicitors. Be sure to obtain confirmation that the fees are fixed.