I purchased a freehold property in Wadebridge yet pay rent, why is this and what is this?
It is rare for properties in Wadebridge and has limited impact for conveyancing in Wadebridge 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.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
The Wadebridge conveyancing lawyers that I appointed last week on my house acquisition in Wadebridge have without warning closed. I chose them because I had to have a firm on the Nottingham conveyancing panel and my family Wadebridge lawyer was not. I gave my credit card details for them to take £195 for searches. What do I do now?
Assuming that you have an Estate Agent in the equation then let them know immediately so that they can let the sellers know that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Nottingham conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to assist.
I have recentlybecome aware that Stirling Law have been shut down. They carried out my conveyancing in Wadebridge for a purchase of a leasehold flat 18 months ago. How can I establish that my home is in my name in the name of the previous owner?
The quickest method to check if the premises is registered to you, you can carry out 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 Wadebridge conveyancing specialists.
I'm buying a new build house in Wadebridge with the aid of help to buy. The sellers refused to budge the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep suggested that I not reveal to my lawyer about the side-deal as it may impact my mortgage with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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.
We are 18 days into a residential purchase having been recommend to conveyancers by the selling agent to perform conveyancing in Wadebridge. I am not happy. Can you you assist me in finding new solicitors?
They would need to be very poor to suggest diss instructing them. Has your loan offer been issued? In the event that it has you will need to advise them of the new contact details and have the offer are re-issued. Your solicitor ideally should be on the banks approved list to avoid supplemental expenses and complications. That should be your starting point. The find a solicitor tool will assist you in finding a bank approved conveyancer for your conveyancing in Wadebridge
How much experience do your Wadebridge conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Wadebridge conveyancing lawyers help thousands of people move home every year and supported plenty of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Wadebridge conveyancers have worked on recent similar matters.