Me and my partner are about to complete on the purchase of a property in Lees but as a result of wreckage from the recent storms I have managed to agree compensation from the vendor of £2k by way of a adjustment in the price. I had intended this to be dealt with as part of the conveyancing process but RBS are not allowing this. Should they have been approached?
Any conveyancing practitioner that is on a RBS approved list is required to disclose to RBS of any changes to the purchase price. If you were to refuse your conveyancing practitioner to notify the price change to RBS then they would have to discontinue acting for you. In addition, RBS and you would have to appoint a new conveyancing practitioner for your conveyancing in Lees.
I purchased a freehold property in Lees but nevertheless invoiced for rent, why is this and what is this?
It is rare for properties in Lees and has limited impact for conveyancing in Lees 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 from 1977 onwards.
Old 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 dispensed with completely.
Despite weeks of looking the Title Certificate and documents to our house are lost. The lawyers who conducted the conveyancing in Lees 10 years ago no longer exist. What are my next steps?
Gone are the days when you need to hold title official documentation to establish that you are the owner of your registered land or premises, given that the Land Registry hold details of all registered land or property electronically.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in two weeks back in what should have been a simple, chain free conveyancing. Lees is where the house is located. Is there any guidance you can impart?
Flying freeholds in Lees are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Lees you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Lees 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.
Given that I am about to part with £400,000 on a property in Lees I would like to talk to a lawyer concerning thetransaction in advance of instructing the firm. Is this something that you can arrange?
This is something that we recommend - it is our preference to talk to you we do not take any clients on without you liaising with the lawyer who will be doing your property ownership legalities in Lees.There is no ‘factory style conveyancing’ - each client is unique person, not a case number. The law firms that we put you in touch with believe that the figure you are provided with for your conveyancing in Lees should be the figure that you end up paying.
I have noted on various consumer advice websites that before selecting a conveyancing solicitors they must be approved by your lender. I am first time buyer with but I have an offer in principle via HSBC and I already have a local conveyancing lawyer in Lees on standby. Does Nat West Bank need an approved solicitor to be instructed? If so, where can I find that list for my conveyancing in Lees?
You need to instruct a solicitor that is on the Nat West Bank panel. Just call your chosen Lees conveyancing lawyer to check if they are on the Nat West Bank panel. If they are not on the panel you have numerous choices open to you here:
- Complete the purchase with your existing Lees conveyancer but Nat West Bank will no doubt retain a conveyancing practitioner from their approved list. This will result in additional charges together with likely delay.
- Get a fresh conveyancer to conduct the conveyancing, ensuring that they are on the Nat West Bank conveyancing panel.
- Convince your solicitor to attempt to join the mortgage company panel.