I purchased a freehold property in Heaton but still pay rent, why is this and what is this?
It’s unusual for properties in Heaton and has limited impact for conveyancing in Heaton 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 many centuries, 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 after 2037 is to be dispensed with completely.
Is there a search tool that I can utilise to discover of the solicitor handling my conveyancing in Heaton is on the mortgage lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Lloyds TSB Bank thus paying £187.00 plus VAT in another set of conveyancing invoice.
You should take advantage of the find a conveyancing panel solicitor tool on this web page. Pick the lender and type ‘Heaton’ or your preferred area and you will discover numerous conveyancers based in Heaton or nearest you.
I am assisting my step-mother sell her property in Heaton. Does the solicitor commission the energy assessment or should I organise this?
Following the demise of HIPs, energy assessments was kept a compulsory element of selling a property. An energy assessment should be commissioned before the property is marketed. This is not a task that solicitors normally organise. If you are using a Heaton conveyancing solicitor they might help arrange energy performance certificates due to their relationships with long established local providers
I can not fathom if my bank requires a lease extension. I have called into my local Heaton bank branch on various occasions and was told it wasn't an issue and they will lend. My Heaton conveyancing solicitor - who is on the lender conveyancing panel- telephoned to say that they refuse to lend in accordance with their published requirements. I have no idea who is right.
Your lawyer must follow the Council of Mortgage Lenders’ Handbook Part 2 conditions for your bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I am selling my apartment. I had a double glazing fitted in January 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Santander are being a right pain. The Heaton solicitor who is on the Santander conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Santander are insisting on a building regulation certificate. Why do Santander have a conveyancing panel if they don't accept advice from them?
It is probably the case that Santander have referred the matter to their valuer. The reason why Santander may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
What does a local search reveal concerning the house we're buying in Heaton?
Heaton conveyancing often starts with the ordering local authority searches directly from your local Authority or through a personal search organisations for example Searchflow The local search is essential in every Heaton conveyancing purchase; as long as you don’t want any unpleasant once you have moved into your new home. The search will supply data on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic areas.
I decided to have a survey completed on a property in Heaton prior to retaining lawyers. I have been told that there is a flying freehold overhang to the property. The surveyor advised that some lenders will not grant a loan on such a premises.
It depends who your proposed lender is. Lloyds has different instructions from Nationwide. If you call us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Heaton. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to instruct a conveyancing solicitor for some conveyancing in Heaton. I have discover a web site which seems to have the ideal solution If there is a chance to get all the legals completed via phone that would be preferable. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?