I am the registered owner of a freehold premises in Seaforth but still invoiced for rent, why is this and what is this?
It’s unusual for properties in Seaforth and has limited impact for conveyancing in Seaforth 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 establishment 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 in 2037 is to be dispensed with completely.
Do the Building Society Association intend to launch a searchable register to list firms on the Melton Mowbray Building Society conveyancing panel for example in Seaforth?
Lexsure has not been advised of any intention on the part of the BSA to develop such a register.
My aunt pointed out to me me that in purchasing a property in Seaforth there could be a number of restrictions as to what one can do in terms of external alterations to the property. Is this right?
We are aware of a number of properties in Seaforth which have some sort of restriction or requirement of consent to carry out external alterations. Part of the conveyancing in Seaforth should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I can not fathom if my bank requires a lease extension. I have called my Seaforth building society branch on a couple of occasions and was informed it wasn't a problem and they will lend. My Seaforth conveyancing solicitor - who is on the mortgage company conveyancing panel- called and was told they refuse to lend in accordance with their published requirements. I simply don't know who is right.
The conveyancing practitioner has to comply with the CML Handbook Part 2 specifications for your bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
After much negotiation I have agreed a price on a house in Seaforth. My financial adviser recommended their conveyancers. I paid an on account payment of £200. Not long after, the property lawyer contacted me to say that they were not on the Co-operative conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Co-operative panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I am buying a new build house in Seaforth with a mortgage from Barclays Direct. The sellers refused to budge the price so I negotiated five thousand pounds worth of extras instead. The house builders rep told me not reveal to my lawyer about this side-deal as it will jeopardize my mortgage with Barclays Direct. 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 opted to have a survey completed on a house in Seaforth in advance of appointing conveyancers. I have been informed that there is a flying freehold aspect to the house. Our surveyor has said that some banks tend refuse to grant a loan on a flying freehold premises.
It depends who your proposed lender is. Santander has different instructions from Birmingham Midshires. If you call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Seaforth. Conveyancing will be smoother if you use a solicitor in Seaforth especially if they are acquainted with such properties in Seaforth.
I need to appoint a conveyancing solicitor for residential conveyancing in Seaforth. I happened to stumble across a site which seems to have the perfect offering If there is a chance to get all this stuff done via phone that would be preferable. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?