We are about to exchange buying a property in Romiley but as a result of damage from some water damage at the property I have was able negotiate compensation from the vendor of six thousand pounds by way of a adjustment in the price. I had intended this to be dealt with as part of the conveyancing process but Coventry BS are not allowing this. Should they have been notified?
The conveyancing practitioner being on a Coventry BS conveyancing panel is duty bound to inform Coventry BS of any variations to the sale price. If you were to refuse your solicitor to report the price change to Coventry BS then they would have to discontinue acting for you. In addition, Coventry BS and you would have to appoint a new conveyancing practitioner for your conveyancing in Romiley.
I own a freehold house in Romiley but nevertheless invoiced for rent, why is this and what is this?
It is rare for properties in Romiley and has limited impact for conveyancing in Romiley 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 redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
What is the optimum way to find out if the solicitor conducting my conveyancing in Romiley is on the lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Leeds Building Society thus paying £175.00 in supplemental legal costs.
You should make the most of the search tool on this page. Please choose the lender and type ‘Romiley’ or your location and you will see numerous solicitors based in Romiley or by proximity to you.
Just had an offer accepted on a new build apartment in Romiley. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Romiley
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? 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. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
I have been on the look out for a leasehold apartment up to £195,000 and found one round the corner in Romiley I like with amenity areas and transport links in the vicinity, however it's only got 49 years on the lease. I can't really find anything else in Romiley in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
If you require a home loan that many years will likely be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least 2 years you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.
Are there any apps to assist me to search for a Romiley solicitor on the The Mortgage Works conveyancing panel? I am a keen cyclist and am prepared to travel upto 10miles to meet the solicitor.
Feel free to make use of the facility on this website. Please choose the mortgage company and your location and you will see a number of Romiley conveyancing lawyers locally. We have listed some Romiley conveyancing firms towards the end of this page and you can telephone them to verify whether they are on the The Mortgage Works member panel