I plan on buying property in Rutland. My lawyer is not listed on the lender solicitor list. Can I still appoint my Rutland conveyancing solicitor notwithstanding that they are not on the mortgage company panel of approved conveyancing solicitors?
You have numerous alternatives open to you here
- Proceed with your chosen Rutland property lawyer but your lender will no doubt instruct a solicitor on their approved panel. The net result is additional charges together with likely interruption.
- Appoint a fresh conveyancer to act in the purchase, making sure they are on the bank conveyancing panel.
- Convince your conveyancing practitioner to seek to join the mortgage company panel
I purchased a freehold premises in Rutland yet invoiced for rent, why is this and what is this?
It is rare for properties in Rutland and has limited impact for conveyancing in Rutland 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 hundreds of years, but the Rent Charge Act 1977 barred the creation of fresh 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 after 2037 will be extinguished.
We just had an offer accepted to buy with Darlington Building Society. I popped in a couple of local firms yet am unable to find a Rutland conveyancing firm on the Darlington Building Society approved list. Can you assist?
Feel free to make the most of the find a lender approved solicitor tool on this site. Please choose the mortgage company and type Rutland or your preferred area and you will see a number of lawyer based in Rutland or nearest you.
What will a local search reveal concerning the property I am buying in Rutland?
Rutland conveyancing often commences with the submitting local authority searches directly from your local Authority or through a personal search organisations for instance Onsearch The local search is essential in every Rutland conveyancing purchase; that is if you wish to avoid any unpleasant surprises after you move into your property. The search should provide data on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic headings.
I am looking for a flat up to £195,000 and identified one near me in Rutland I like with amenity areas and station nearby, however it only has 61 years on the lease. There is not much else in Rutland suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you need a home loan that many years will be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of twenty four months you can request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.
Hoping to buy a property located in Rutland and I am already nervous. I couldn't find anything specific about Rutland. Conveyancing will be needed in due course but do you know about the Rutland area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Rutland. In the meantime here are some basic statistics that we found