I purchased a freehold property in Hoole but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Hoole and has limited impact for conveyancing in Hoole 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 fresh rentcharges post 1977.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
Will commercial conveyancing searches reveal planned roadworks that may affect a commercial property in Hoole?
Its becoming the norm that commercial conveyancing solicitors in Hoole will conduct a SiteSolutions Highways report as it reduces the time that conveyancers invest in investigating accurate data on highways that impact buildings and development assets in Hoole. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Hoole.
For each commercial conveyancing transaction in Hoole it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately can cause delays to Hoole commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not ordered for domestic conveyancing in Hoole.
How does conveyancing in Hoole differ for new build properties?
Most buyers of new build property in Hoole come to us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is built. This is because builders in Hoole typically buy 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 Hoole or who has acted in the same development.
I've recently found out that there is a flying freehold element on a property I have offered on a fortnight ago in what was supposed to be a quick, chain free conveyancing. Hoole is the location of the property. Is there any advice you can give?
Flying freeholds in Hoole are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Hoole you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hoole may ascertain 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.
As co-executor for the estate of my father I am selling a residence in Neath but live in Hoole. My solicitor (who is 260 miles from merequires that I sign a stat dec before the transaction finalising. Could you suggest a conveyancing practitioner in Hoole to attest and place their company stamp on the document?
strictly speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will be fine regardless of whether they are located in Hoole
Do online conveyancing companies undertake everything a local Hoole solicitor does or do I still need to retain a solicitor for the final stages for my conveyancing in Hoole?
Where you instruct an online conveyancer they should cover all the work your Hoole solicitor would cover.