I plan on purchasing a flat in Towcester. My Conveyancer is not listed on the lender solicitor list. Can I still appoint my Towcester conveyancing solicitor notwithstanding that they are not on the bank panel of approved conveyancing solicitors?
Your options include
- Proceed with your chosen Towcester conveyancer but your mortgage company will need to instruct a conveyancer on their approved list. This will result in additional charges together with probable frustration.
- Choose a new lawyer to act in the purchase, obviously checking they are on the lender conveyancing panel.
- Convince your conveyancing practitioner to do everything possible to get accepted on the bank’s conveyancing panel
I am about to complete on the purchase of a house in Towcester but as a result of damage from a small fire at the property I have was able negotiate compensation from the owner of six thousand pounds in the form of a reduction in the price. This was going to be dealt with as part of amending the contract yet Clydesdale are not allowing this. Why were they informed?
The property lawyer that is on the Clydesdale conveyancing panel is duty bound to inform Clydesdale of any changes to the sale price. If you prohibit your conveyancing practitioner to notify the price change to Clydesdale then they would have to discontinue acting for you. In addition, Clydesdale and you would have to appoint a new conveyancing practitioner for your conveyancing in Towcester.
I own a freehold house in Towcester yet pay rent, why is this and what is this?
It’s unusual for properties in Towcester and has limited impact for conveyancing in Towcester 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 many centuries, but the Rent Charge Act 1977 barred the generation of new 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 will be dispensed with completely.
What can a local search reveal concerning the property we're buying in Towcester?
Towcester conveyancing often commences with the applying for local authority searches directly from your local Authority or via a personal search company for instance Searchflow The local search is essential in every Towcester conveyancing purchase; as long as you don’t want any nasty surprises after you move into your property. The search will provide information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic areas.
I am buying a new build apartment in Towcester. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Towcester
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Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Forfeiture - bankruptcy or liquidation must not apply under this provision. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in last month in what should have been a straight forward, no chain conveyancing. Towcester is the location of the property. Is there any guidance you can give?
Flying freeholds in Towcester are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Towcester you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Towcester may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.