I purchased a freehold house in Goffs Oak but still pay rent, why is this and what is this?
It’s unusual for properties in Goffs Oak and has limited impact for conveyancing in Goffs Oak 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 new rentcharges from 1977 onwards.
Previous 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.
We are close to exchanging contracts on the sale of our home in Goffs Oak and the buyers lawyers are claiming that there is a risk of it being built on contaminated land. Any high street Goffs Oak conveyancer would know this is not the case. For the life of me I don't know why the purchasers used a national conveyancing practice as opposed to a conveyancing solicitor in Goffs Oak. Having lived in Goffs Oak for 5 years we know that this is a non issue. Do we get in touch with our local Authority to obtain confirmation that there is no issue.
It sounds as though you may have a conveyancing solicitor currently acting for you. Are they able to advise? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
2 months have elapsed since my purchase conveyancing in Goffs Oak concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Goffs Oak differ for newly converted properties?
Most buyers of new build or newly converted property in Goffs Oak contact us having been asked by the seller to sign contracts and commit to the purchase even before the residence is ready to move into. This is because builders in Goffs Oak tend to acquire 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 Goffs Oak or who has acted in the same development.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on a fortnight ago in what was supposed to be a straight forward, chain free conveyancing. Goffs Oak is where the house is located. Can you shed any light on this issue?
Flying freeholds in Goffs Oak are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Goffs Oak you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Goffs Oak may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
Our sealed bid on semi in Goffs Oak was agreed to, but there is a chain. The vendors have offered on a property, however it’s not yet tied up, and are looking at other flats in the pipeline. I have chosen a nearby conveyancing solicitor in Goffs Oak. What do I do now? At what stage do I apply for the mortgage with Clydesdale?
It is usual to have apprehensions where there is a chain as you are unlikely to want to incur costs prematurely (mortgage application is in the region of £1k, then survey, Goffs Oak conveyancing search costs, etc). The first thing to do is ensure that your conveyancer is on the Clydesdale approved list. As to the subsequent stages this very much dictated by the specifics of your case, desire for this property and on the state of the market. During a rising market the majority of purchasers will apply for a home loan with Clydesdale and arrange for the survey and only if it comes back ok would they request their conveyancing practitioner to proceed with the conveyancing in Goffs Oak.