I am the registered owner of a freehold residence in Shefford but still invoiced for rent, why is this and what is this?
It is rare for properties in Shefford and has limited impact for conveyancing in Shefford 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 establishment of fresh rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
I am aiming to move house in May. Should my conveyancing solicitor liaise with the removal company on the completion day. Incidentally, can you suggest a removal company in Shefford. Conveyancing solicitor was found before I stumbled across your page.
On the day of completion you will need to collect the house keys from your selling agent however this can only take place after the vendors lawyers confirm to the agent that the monies to complete are in and the keys can be released. Subsequently you can tell the removal company that you are ready to move in. As a matter of policy we do not recommend a particular removal company but can help you locate a residential property solicitor in Shefford or a firm with expertise in conveyancing in Shefford.
Can you point me to a directory of Principality panel solicitors in Shefford on the Building Society Association’s Website?
Unfortunately not yet. There is no such tool on the CML or Building Society Association sites. A small selection of lenders make their panel listings viewable online. If you are in need of a Shefford conveyancing practitioner on the Principality please use our tool.
My fiancee and I are in the throws of viewing flats in Shefford and I am now considering a potential offer. Should I already have a conveyancing practitioner in place at this stage? I will be getting a home loan with Leeds Building Society.
You should start requesting conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the selling agent. Given that you are seeking a mortgage with Leeds Building Society, ask your prospective lawyers if they are on the Leeds Building Society conveyancing panel otherwise they can't do the mortgage legal work.
My wife and I are selling our home in Shefford and the buyers lawyers are claiming that there is a possibility that the property was constructed land that was not decontaminated. A high street Shefford conveyancer would know that there is no such problem. It does beg the question why the buyers instructed a web based conveyancing firm as opposed to a conveyancing solicitor in Shefford. Having lived in Shefford for many years we know that this is a non issue. Should we get in touch with our local Authority to seek confirmation that there is no issue.
It would appear that you have a conveyancing solicitor currently acting for you. What do they say? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
I'm buying my first flat in Shefford with a loan from HSBC Bank. The sellers would not reduce the price so I negotiated 6k of extras instead. The sale representative suggested that I not to tell my solicitor about the extras as it may affect my mortgage with the bank. Do I keep my lawyer in the dark?.
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 decided to have a survey completed on a house in Shefford ahead of instructing solicitors. I have been informed that there is a flying freehold element to the house. The surveyor advised that some lenders may refuse to grant a loan on this type of premises.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Birmingham Midshires. If you contact us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Shefford. Conveyancing may be slightly more expensive based on your lender's requirements.
I am looking to sell my property. My former solicitors have shut. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Shefford if that affects matters.
Do use our search tool to help you find a solicitor for your conveyancing in Shefford. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.