We note that you have a post code search directory listing firms on the Aldermore conveyancing panel. Do firms pay you a referral fee if I instruct them for our conveyancing in Rye?
We are a listing service only for law firms wishing to communicate if they are on the Aldermore conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Rye.
Is there a search tool that I can use to investigate if the solicitor conducting my conveyancing in Rye is on the mortgage lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Barclays Direct thus spending £175.00 in additional legal bill.
Please do take advantage of the find a lender approved solicitor tool on this site. Please choose the mortgage company and type ‘Rye’ or your preferred area and you will be presented with numerous conveyancers based in Rye or by proximity to you.
Will our lawyer be raising enquiries about flooding as part of the conveyancing in Rye.
Flooding is a growing risk for conveyancers conducting conveyancing in Rye. Some people will acquire a house in Rye, fully aware that at some time, it may suffer from flooding. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory building insurance, or sell the property. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Lawyers are not qualified to impart advice on flood risk, however there are a numerous checks that may be carried out by the buyer or on a buyer’s behalf which should give them a better appreciation of the risks in Rye. The conventional set of completed inquiry forms sent to a purchaser’s lawyer (where the Conveyancing Protocol is adopted) includes a standard question of the vendor to determine whether the premises has suffered from flooding. If the residence has been flooded in past which is not revealed by the owner, then a buyer could commence a legal claim for losses resulting from an misleading response. The purchaser’s lawyers will also commission an enviro report. This will indicate whether there is any known flood risk. If so, additional inquiries should be initiated.
4 months have gone by since my purchase conveyancing in Rye concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
The estate agent has sent us the confirmation of our purchase of a new build flat in Rye. Conveyancing is a frightening process 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 legal work.
Set out below is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Rye
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. 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 am attracted to a couple of maisonettes in Rye both have in the region of forty five years left on the leases. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Rye. The lease is a right to use the property for a prescribed time frame. As a lease gets shorter the saleability of the lease reduces and results in it becoming more expensive to extend the lease. For this reason it is often a good idea to extend the lease term. Sometimes it is difficult to sell a property with a short lease as mortgage companies may be reluctant to lend money on properties of this type. Lease enfranchisement can be a difficult process. We recommend you seek professional help from a solicitor and surveyor with experience in this field.
Rye Conveyancing for Leasehold Flats - Examples of Queries before Purchasing
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It is important to be aware whether redecorating or some other major work is due shortly to be shared by the leasehold owners and may well dramatically increase the the maintenance fees or require a specific invoice. The majority of Rye leasehold properties will incur a service charge for maintenance of the building set on behalf of the landlord. If you acquire the flat you will have to meet this amount, normally quarterly throughout the year. This could differ from a couple of hundred pounds to thousands of pounds for blocks with lifts and large common grounds. In all likelihood there will be a rentcharge for you to pay yearly, this is usually not a large figure, say about £25-£75 but you need to enquire it because occasionally it could be prohibitively expensive. In the main the cost for major works are not included within service charges, although some managing agents in Rye obliged leaseholders to pay into a sinking fund and this is used to offset against larger works.