Do the conveyancing solicitors identified through your search tool handle auction conveyancing in Maldon?
We know of a few auction practitioners we can connect you with those specialising in auction conveyancing. Maldon is one of hundreds of locations where our lawyers cover.
I own a freehold premises in Maldon but still pay rent, why is this and what is this?
It is rare for properties in Maldon and has limited impact for conveyancing in Maldon 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 hundreds of years, but the Rent Charge Act 1977 barred the establishment of new rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
I own a terraced Victorian property in Maldon. Conveyancing solicitor represented me and Bank of Ireland. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, the second leasehold under the matching address. If a house is not a freehold shouldn't I have been informed?
You should 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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Maldon and other areas of 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 check the situation with the conveyancing lawyer who conducted the purchase.
I am buying my first flat in Maldon with a loan from Accord Mortgages Ltd. The sellers refused to budge the amount so I negotiated five thousand pounds worth of extras instead. The estate agent told me not to tell my solicitor about the side-deal as it will impact my loan with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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 am a negotiator for a long established estate agent office in Maldon where we have experienced a few leasehold sales jeopardised as a result of leases having less than 80 years remaining. I have been given conflicting advice from local Maldon conveyancing firms. Can you clarify whether the seller of a flat can start the lease extension process for the buyer?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the disposal of the property.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Maldon Conveyancing for Leasehold Flats - Examples of Questions you should ask before Purchasing
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It would be prudent to find out if the the lease contains any unreasonable restrictions in the lease. By way of example it is reasonably common in Maldon leases that pets are not allowed in certain buildings in Maldon. If you love the flatin Maldon but your dog can’t live with you then you have a very hard choice. The best form of lease arrangement is where the freehold title is owned by the leaseholders. In this situation the lessees enjoy control and although a managing agent is frequently employed where the building is bigger than a house conversion, the managing agent employed by the leaseholders. Who manages the block?
What is the reason for my property lawyer requiring various items of identification before they can commence with my conveyancing in Maldon?
Maldon conveyancing practitioners are obliged by the Law Society, Solicitors Regulation Authority, HM Land Registry and current Money Laundering Regulations to certify that the have checked the identity of their clients. It will also be a condition of your bank where you are taking a mortgage. In addition they have to complete various forms, particularly those relating to stamp duty land tax and need to have information such as your full names, NI number and date of birth.