I own a freehold premises in Flamborough yet charged rent, why is this and what is this?
It’s unusual for properties in Flamborough and has limited impact for conveyancing in Flamborough 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 creation 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 post 2037 is to be extinguished.
We are purchasing a house and the solicitor has mentioned Chancel Repair for which the property could be liable as it falls into the area of such a church. She has mentioned insurance. Is this really required for conveyancing in Flamborough
Unless a previous purchase of the premises took place post 12 October 2013 you can expect conveyancing practitioners delivering conveyancing in Flamborough to remain encouraging a chancel search and or chancel repair liability insurance.
I own a 4 bedroom Victorian house in Flamborough. Conveyancing solicitor acted for me and Clydesdale. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, the second leasehold with the exact same property. I thought I was buying a freehold how can I check?
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Flamborough and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the situation with the conveyancing practitioner who conducted the conveyancing.
How does conveyancing in Flamborough differ for new build properties?
Most buyers of new build premises in Flamborough contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is completed. This is because new home sellers in Flamborough tend to purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Flamborough or who has acted in the same development.
I am looking for a conveyancing lawyer in Flamborough for my sale. Is there any facility to review a solicitor's complaints history with the legal regulator?
Anyone may read published Solicitor Regulator Association (SRA) decisions resulting from investigations from 2008 onwards. Visit Check a solicitor's record. For details about the period before 1 January 2008, or to check a solicitors record, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, use +44 (0)121 329 6800. The regulator sometimes recorded call for training requirements.
What are the common defects that you witness in leases for Flamborough properties?
There is nothing unique about leasehold conveyancing in Flamborough. All leases are drafted differently and legal mistakes in the legal wording can sometimes mean that certain sections are not included. For example, if your lease is missing any of the following, it could be defective:
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A duty to insure the building
A defective lease will likely cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Halifax, Norwich and Peterborough Building Society, and Bank of Ireland all have express conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is problematic they may refuse to provide security, obliging the buyer to pull out.
Flamborough Leasehold Conveyancing - Sample of Queries before Purchasing
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What restrictions are there in the Flamborough Lease? You will want to find out as much as possible regarding the company managing the building as they will affect your use and enjoyment of the property. Being a leasehold owner you will be at the mercy of the managing agents from a financial perspective and when it comes to day to day issues like the cleanliness of the common parts. Enquire of prospective neighbours whether they are happy with their service. In conclusion, investigate as to the dates that you are obliged pay the service charge to the managing agents and specifically what it includes. Best to be warned if redecorating or some other major work is due in the near future that will be shared amongst the leaseholders and will dramatically impact the level of the service fees or result in a specific invoice.