I own a freehold premises in Fetcham yet charged rent, why is this and what is this?
It is rare for properties in Fetcham and has limited impact for conveyancing in Fetcham 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 fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
The Fetcham conveyancing lawyers that just started acting on my house acquisition in Fetcham have without warning shut down. They were on acting for me because I needed a solicitor on the Nationwide conveyancing panel and my previous Fetcham lawyer was not. I gave my credit card details for them to take one hundred and fifty pounds for searches. What are my options?
Assuming that you have an Estate Agent in the equation then let them know straight away so that they advise the vendors that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Nationwide conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to help.
A friend recommended that where I am purchasing in Fetcham I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally quoted for as part of the standard Fetcham conveyancing searches. It is a large document of more than thirty pages, listing and setting out important information about Fetcham around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with plans and statistics, Local Amenities and other useful information regarding Fetcham.
I'm purchasing a new build house in Fetcham with the aid of help to buy. The sellers refused to reduce the price so I negotiated £7000 of fixtures and fittings instead. The sale representative told me not inform my lawyer about the side-deal as it will jeopardize my mortgage with HSBC Bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder 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.
My husband and I are four weeks into a freehold purchase having been recommend to a firm by the estate agent to handle our conveyancing in Fetcham. We are not happy. Could you help me find new conveyancers?
A conveyancer would need to be very poor in order to consider changing them. Has the mortgage offer been sent? In the event that it has you will need to inform them of the new contact details and get the mortgage documents are issued to the new lawyers. Your new conveyancer needs to be on the banks panel to avoid escalating charges and complications. So that should be your first question of the new conveyancers. The search tool should assist you in finding a lender approved solicitor for your conveyancing in Fetcham
Being a tenant I am on the hook for a service charge for my flat in Fetcham. As a result of poor financial planning I slipped into arrears with remittance. The managing agents agreed a payment plan but there remains three grand outstanding as of today.
I want to sell and I am nervous that this could threaten to derail the sale if I have to discharge the amount due in advance. Do I have to settle before - is this practicable?
Do clarify with the conveyancing practitioner carrying out your Fetcham conveyancing but it might be possible to arrange for the arrears to be attributed to the buyers. The final price payable would be reduced to reflect the amount of debt they assume. They would then discharge the fees once they are the owners.