I own a freehold house in Hainault but nevertheless charged rent, why is this and what is this?
It is rare for properties in Hainault and has limited impact for conveyancing in Hainault 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 generation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
I note that there are debates on Chancel Insurance on online forums. Do I need chancel insurance when purchasing a property in Hainault? or I am told that there is historic law that could mean that homeowners living in a parish church boundary may be liable to pay for repairs towards the chancel in proximity to the church. Is this applicable for conveyancing in Hainault?
Unless a previous purchase of the property completed post 12 October 2013 you may take it that conveyancing practitioners conducting conveyancing in Hainault to remain recommending a chancel search and or insurance against a claim.
I used Arc property Solicitors several years past for my conveyancing in Hainault. I now require my file however the law firm has closed. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Hainault of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I'm purchasing my first flat in Hainault with a mortgage from Bank of Scotland. The developers would not reduce the amount so I negotiated 6k of extras instead. The house builders rep advised me not reveal to my solicitor about this deal as it will affect my mortgage 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.
I've recently found out that there is a flying freehold element on a property I have offered on two weeks back in what was supposed to be a straight forward, chain free conveyancing. Hainault is the location of the property. What do you suggest?
Flying freeholds in Hainault are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Hainault you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hainault 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 residence.
We are considering appointing a web based property lawyer ahead of a Hainault conveyancing practice. Any advice?
Advantages do exist in having the option attend a local Hainault conveyancing solicitor for instance
- signing documents and and when necessary
- getting face-to-face explanations of matters that need explaining
- the ability to raise concerns if things need to addressed
When comparing fees, look carefully for hidden extras. The majority decent Hainault high street solicitors give an all-inclusive price. Many online companies seem to offer discounted fees, but have burried 'extras' in the fine print.