Me and my partner are soon to exchange on the purchase of a property in St Annes but as a consequence of wreckage from the recent storms I have was able negotiate compensation from the vendor of three thousand pounds in the form of a reduction in the price. I had intended this to be dealt with as part of a side agreement but Kent Reliance will not agree to this. Why were they informed?
Any lawyer that is on a Kent Reliance conveyancing panel is required to advise Kent Reliance of any amendments to the sale price. If you prohibit your lawyer to report the reduction to Kent Reliance then they would have to discontinue acting for you. In addition, Kent Reliance and you would have to appoint a new lawyer for your conveyancing in St Annes.
I own a freehold premises in St Annes but still pay rent, why is this and what is this?
It’s unusual for properties in St Annes and has limited impact for conveyancing in St Annes 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 date back hundreds of years, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
I have todaybeen informed that Action Conveyancing have been shut down. They conducted my conveyancing in St Annes for a purchase of a leasehold apartment 9 months ago. How can I establish that my home is in my name in the name of the former proprietor?
The quickest way to check if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of St Annes conveyancing specialists.
Due to the guidance of my in-laws I had a survey completed on a house in St Annes ahead of instructing lawyers. I have been told that there is a flying freehold overhang to the house. My surveyor has said that some mortgage companies will not issue a loan on a flying freehold home.
It depends who your proposed lender is. Bank of Scotland has different instructions from Halifax. Should you wish to call us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in St Annes. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to appoint a conveyancing solicitor for leasehold conveyancing in St Annes. I've discover a site which seems to have the ideal answer If it is possible to get all formalities completed via email that would be ideal. Do I need to be wary? What should out be looking out for?
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?
I’m about to sell my garden flat in St Annes. Conveyancing solicitors are to be appointed soon, however I have just received a quarterly maintenance charge demand – Do I pay up?
The sensible thing to do is discharge the service charge as usual given that all ground rent and maintenance invoices will be apportioned on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
St Annes Leasehold Conveyancing - Examples of Queries before buying
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How many of the leaseholders are in arrears for their service charge payments? How much is the ground rent and service charge? In the main the cost for major works are not included within maintenance charges, although some managing agents in St Annes ask leaseholders to contribute towards a reserve fund and this is used to offset against major repairs or maintenance.