My IFA requires my Higham Wood solicitor’s panel member for the Nat West conveyancing panel. How do I find this out. I have called my local Higham Wood branch but they have not got back to me yet.
You are best placed to get this information from your Higham Wood conveyancer . Most Higham Wood law practices will keep a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each bank.
I purchased a freehold premises in Higham Wood yet pay rent, why is this and what is this?
It’s unusual for properties in Higham Wood and has limited impact for conveyancing in Higham Wood 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 generation of fresh rentcharges post 1977.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
I am considering applying for a Aldermore mortgage for purchase of a new build (under development) in Higham Wood with 60% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Aldermore ?
In theory, you could use a solicitor that is not on the Aldermore conveyancing panel, but Aldermore would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
I need some fast conveyancing in Higham Wood as I am faced with pressure to sign on the dotted line within one month. Thankfully I do not require a mortgage. Can I avoid the conveyancing searches to save fees and time?
As you are not getting a mortgage you have the choice not to do searches although no solicitor would recommend that you don't. With plenty of history conveyancing in Higham Wood the following are examples of issues that can show up and adversely affect market value: Enforcement Notices, Outstanding Fees, Overdue Grants, Unadopted Roads,...
Just had an offer accepted on a new build apartment in Higham Wood. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Higham Wood
-
Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Forfeiture - bankruptcy or liquidation must not apply under this provision. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please supply a car parking plan. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
Me and my wife are selling a Higham Wood property we inherited six years ago in 2010. I have over ten years conveyancing experience and, now retired, intend to carry out my own conveyancing. The buyer's property lawyer has informed me that their bank will not allow us to do our own conveyancing mandating that the funds to be released via a solicitor's bank account.
Lending instructions to property lawyers from all CML members specify that If the seller is not legally represented the purchaser’s lawyers should check whether the lender needs to be informed so that a decision can be made as to whether they are willing to progress.