I own a freehold property in Scotter yet invoiced for rent, why is this and what is this?
It is rare for properties in Scotter and has limited impact for conveyancing in Scotter 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 generation of new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
Is there a search tool that I can use to check that the solicitor conducting my conveyancing in Scotter is on the bank’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Yorkshire Building Society thus spending £192.00 in another set of legal invoice.
You should make use of the find a conveyancing panel solicitor tool on this site. Pick the mortgage company and type ‘Scotter’ or your location and you will be presented with numerous conveyancers based in Scotter or by proximity to you.
I'm buying a new build house in Scotter with the aid of help to buy. The builders refused to reduce the amount so I negotiated five thousand pounds worth of extras instead. The sale representative suggested that I not reveal to my lawyer about the side-deal as it may affect my loan with the lender. Should I keep quiet?.
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 opted to have a survey completed on a house in Scotter before instructing conveyancers. I have been advised that there is a flying freehold element to the house. Our surveyor advised that some lenders may not give a mortgage on such a premises.
It depends who your proposed lender is. HSBC has different requirements from Birmingham Midshires. If you e-mail us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Scotter. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Scotter to see if the conveyancing costs will increase in light of this.
In my capacity as executor for the will of my aunt I am selling a property in Neath but reside in Scotter. My conveyancer (who is 250 miles from meneeds me to execute a statutory declaration prior to completion. Could you suggest a conveyancing lawyer in Scotter to attest this legal document for me?
Technically speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or solicitor will suffice regardless of whether they are Scotter based
I am in need of some leasehold conveyancing in Scotter. Before I get started I would like to find out the remaining lease term.
Assuming the lease is recorded at the land registry - and almost all are in Scotter - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Leasehold Conveyancing in Scotter - Examples of Queries Prior to buying
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The best form of lease arrangement is a share of the freehold. In this arrangement the tenants benefit from being in charge if their destiny and even though a managing agent is often employed if it is larger than a house conversion, the managing agent is directed by the tenants. You will want to find out as much as you can about the managing agents as they will either make your life much easier or a lot more difficult. Being a leasehold owner you are often in the clutches of the managing agents both financially and when it comes to practical issues like the upkeep of the communal areas. Don't be shy to ask other people what they think of them. Finally, find out the dates that the maintenance charges are due to the appropriate party and precisely what you get for your money. The majority of Scotter leasehold flats will have a service bill for the upkeep of the block set by the freeholder. Where you buy the flat you will have to meet this liability, usually periodically accross the year. This could differ from several hundred pounds to thousands of pounds for bigger purpose-built blocks. In all probability there will be a ground rent for you to pay yearly, normally this is not a significant amount, say approximately £50-£100 but you should to check it because on occasion it can be many hundreds of pounds.