My partner and I are purchasing a newly constructed apartment in Tidworth and my solicitor is informing me that she has to the bank to disclose incentives from the seller. I am on a tight deadline to exchange contracts and I would rather not delay deal. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook provisions. The UK Finance Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I am the registered owner of a freehold residence in Tidworth but still charged rent, why is this and what is this?
It’s unusual for properties in Tidworth and has limited impact for conveyancing in Tidworth 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 generation of fresh rentcharges post 1977.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
Do I find a Licenced Conveyancer or Solicitor for conveyancing in Tidworth?
Two types of professional can carry out conveyancing in Tidworth namely CLC regulated conveyancers or solicitors. The two can provide the legal services that you need to complete the disposal or purchase of property. They are both obliged to conduct Tidworth conveyancing on similar standards and guidelines so you may be sure that your conveyancing will be professionally conducted and that all necessary steps should be suitably adhered to.
I am due to move house in December. Should my conveyancing solicitor liaise with the removal company on the day of completion. Incidentally, can you suggest a removal company in Tidworth. Conveyancing firm was chosen prior to coming across this site.
On the day of completion you can collect the house keys from your estate agent but this can only occur after the vendors conveyancers confirm to the agent that they have the completion monies and the keys can be passed over. Subsequently you can inform the removal men that they can start moving you in. As a matter of policy we do not suggest a particular removal company but can assist you in finding a residential property solicitor in Tidworth or a solicitor that specialises in conveyancing in Tidworth.
I am purchasing a property in Tidworth. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Nottingham be concerned?
As you are obtaining a mortgage with Nottingham your lawyer must comply with the conveyancing requirements set out in Part 2 of UK Finance Lenders’ Handbook for Nottingham. The CML Handbook stipulates minimum specifications for solar panel roof-space leases, and property lawyers are required to report to Nottingham where a lease does not comply with these provisions. The conditions relate to the installation of panels on properties in England and Wales and is not restricted to Tidworth.
I have a renovated Georgian property in Tidworth. Conveyancing practitioner represented me and Bank of Scotland. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, another for leasehold with the matching address. I'd like to know for sure, how can I find out??
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Tidworth and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with the conveyancing solicitor who carried out the work.
I am looking for a ground for flat up to £305k and found one close by in Tidworth I like with a park and railway links nearby, the downside is that it only has 52 years on the lease. There is not much else in Tidworth in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
If you require a home loan that many years will likely be a potential deal breaker. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least 2 years you could ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.
Is there anything unique about your site and alternative web based conveyancing brokers when it comes to conveyancing in Tidworth?
At this site get an accurate quote via a Solicitor or Licensed Conveyancer that has a full understanding of the issues of your conveyancing in Tidworth. Unlike many estate agents and brokerage sites we do not charge firms a fee if you appoint them for your home move in Tidworth