I purchased a freehold residence in Undy but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Undy and has limited impact for conveyancing in Undy 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 redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
Are the BSA planning on creating a searchable register to list law firms on the Coventry BS conveyancing panel for instance in Undy?
We have not been informed any plans on the part of the BSA to develop such a search facility.
Please help - my lawyer says that lack of right of way insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Undy?
The appropriate level of lack of right of way indemnity insurance should be dictated by who who your lender is. It would differ for example between Santander and Coventry Building Society. Conveyancing practitioners as opposed to members of the public take out such insurances.
After much negotiation I have agreed a price on a house in Undy. My mortgage broker pressured me to appoint their solicitor. I paid an on account payment of £150. Not long after, the conveyancer called me to say that they were not on the HSBC 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 HSBC 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.
Our offer on a detached house in Undy has been accepted, the vendors do nevertheless have a connected purchase. The vendors have put an offer on a flat, however it’s not yet agreed to, and are looking at other flats booked. I have instructed a bricks and mortar conveyancing solicitor in Undy. What do I do now? When do I get the mortgage application with Bank of Ireland started?
It is normal to have anxieties where there is a chain as you are unlikely to want to incur expenses prematurely (home loan application is in the region of one thousand pounds, then survey, Undy conveyancing search costs, etc). The first course of action is to check that your conveyancing practitioner is on the Bank of Ireland conveyancing panel. Regarding the next phase this very much depends on the uniqueness of your case, attraction to this property and on the state of the market. In a buoyant market many purchasers will apply for a home loan with Bank of Ireland and pay for the valuation and only if it comes back ok would they ask their solicitor to proceed with searches.
What will a local search tell me about the property my wife and I buying in Undy?
Undy conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search organisations for example Onsearch The local search is essential in every Undy conveyancing purchase; as long as you wish to avoid any nasty once you have moved into your property. The search should reveal information on, amongst other things, details on planning applications relevant to the premises (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.
Are there restrictive covenants that are commonly identified as part of conveyancing in Undy?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Undy. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am looking for a leasehold apartment up to £195,000 and found one round the corner in Undy I like with amenity areas and railway links in the vicinity, however it only has 52 remaining years left on the lease. There is not much else in Undy 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 need a mortgage the shortness of the lease will be an issue. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least twenty four months you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.