I own a freehold property in Helston but still charged rent, why is this and what is this?
It’s unusual for properties in Helston and has limited impact for conveyancing in Helston 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 generation of new rentcharges post 1977.
Old 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.
Should my conveyancer be raising questions concerning flooding during the conveyancing in Helston.
The risk of flooding is if increasing concern for solicitors dealing with homes in Helston. There are those who purchase a house in Helston, fully aware that at some time, it may suffer from flooding. However, leaving to one side the physical damage, if a property is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or dispose of the premises. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Lawyers are not best placed to offer advice on flood risk, however there are a numerous searches that may be undertaken by the purchaser or on a buyer’s behalf which should figure out the risks in Helston. The conventional set of information given to a purchaser’s conveyancer (where the Conveyancing Protocol is adopted) incorporates a standard question of the seller to determine if the premises has historically flooded. In the event that flooding has previously occurred which is not disclosed by the vendor, then a purchaser may bring a compensation claim stemming from an misleading answer. A purchaser’s lawyers should also carry out an environmental search. This should disclose whether there is any known flood risk. If so, further investigations should be carried out.
I have a renovated Victorian property in Helston. Conveyancing solicitor represented me and Clydesdale. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, the second leasehold with the matching property. If a house is not a freehold shouldn't I have been informed?
You need to read 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 Helston and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with the conveyancing solicitor who conducted the conveyancing.
I'm purchasing my first flat in Helston benefiting from help to buy. The sellers would not move on the amount so I negotiated £7000 of extras instead. The estate agent advised me not inform my solicitor about this extras as it may put at risk my loan 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'm converting the mortgage on my existing house to a BTL loan with Barclays and I will use the ballance of the raised equity as a deposit on a second property. The neighborhood we are talking about is Helston. Will your lawyers be able to act for both sets of lenders and link together the two deals?
Make use of our comparison tool on this page to ensure that the solicitors are approved by both mortgage companies. Assuming that they are the lawyer should be able to connect the two transactions but you should have a chat with you solicitor and make clear your desired outcome and needs.
Is planning consent needed to split a house into two appartments in Helston? This has been carried out to a house next door to a relative in Helston and was unaware of the conversion until after the works were done.
Planning Permission yes. Building Reg Approval yes.