I own a freehold house in Faversham but still charged rent, why is this and what is this?
It is rare for properties in Faversham and has limited impact for conveyancing in Faversham 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 from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
We have agreed to purchase a house in Faversham. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Kent Reliance be concerned?
Given that you are obtaining a mortgage with Kent Reliance your lawyer must check the formal requirements contained in Part 2 of UK Finance Lenders’ Handbook for Kent Reliance. The Council of Mortgage Lenders’ Handbook contains minimum specifications for solar panel roof-space leases, and lawyers are required to report to Kent Reliance where a lease does not meet these provisions. The conditions relate to the installation of panels on properties nationwide and is not restricted to Faversham.
I am currently in the process of buying my council flat in Faversham. I have a mortgage offer with Skipton. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Skipton, you will need to appoint a solicitor on the Skipton conveyancing panel.
I have a mortgage with Barclays for my property in Faversham. Conveyancing has been completed months ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Barclays?
Your original mortgage agreement with Barclays will provide that you need their approval prior to letting out your property as this is likely to be a breach of Barclays’s mortgage conditions. In many cases banks or building societies 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 Barclays directly. It should not be necessary to do this via a Barclays conveyancing panel solicitor.
I moved into my apartment on 14 September and the transaction details is yet to be registered. Need I be worried? My conveyancing solicitor in Faversham expressed confidence that it should be concluded in less than a month. Are properties in Faversham uniquely lengthy to register?
There is nothing unique when it comes to conveyancing in Faversham registration formalities. As opposed to being determined by geographic area, timescales can differ depending on the party submitting the application, whether it is in order and whether the Land registry communicate with any 3rd parties. As of today roughly three quarters of submission are fully addressed within two weeks but occasionally there can be longer delays. Registration is effected once the new owner has moved in to the premises so an expedited registration is not always primary concern but if it is urgent that the the registration takes place urgently then you or your conveyancer could communicate with the Registry to express the reasoning for an expedited registration.
I'm buying my first flat in Faversham with the aid of help to buy. The developers refused to move on the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep told me not reveal to my solicitor about this side-deal as it may adversely affect my loan with the lender. Should I keep quiet?.
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.
As co-executor for the will of my grandmother I am selling a property in Cardiff but live in Faversham. My solicitor (approximately 235 miles awayhas requested that I sign a statutory declaration prior to completion. Could you suggest a conveyancing solicitor in Faversham who can witness this legal document for me?
strictly speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or solicitor will do regardless of whether they are Faversham based
I require the services of a mortgage company panel solicitor in Faversham. Could you help me?
It is not clear why you need a Faversham panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the lender to find out which solicitors in Faversham are on their panel . If you do find such a firm in Faversham not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site