We selected a local solicitor for my conveyancing in Wickford recently. After carefully reading the fine print it is apparent thatI am on the hook for charges even if the dealdoes not go ahead. Should I go with them or choose a web based conveyancing brokerage advertising no-sale-no-fee conveyancing in Wickford?
It is usually a trade off in that if "No Sale No Fee" is offered then the fee levels will generally be higher to counteract those conveyances that abort. Do bear in mind that such deals generally do not protect you from disbursements e.g. Wickford conveyancing search costs.
I purchased a freehold house in Wickford but still invoiced for rent, why is this and what is this?
It is rare for properties in Wickford and has limited impact for conveyancing in Wickford 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 creation of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
Should our solicitor be raising enquiries concerning flooding as part of the conveyancing in Wickford.
The risk of flooding is if increasing concern for conveyancers specialising in conveyancing in Wickford. Some people will buy a house in Wickford, completely expectant that at some time, it may be flooded. However, aside from the physical damage, if a house is at risk of flooding, it may be difficult to get a mortgage, adequate insurance cover, or sell the premises. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.
Lawyers are not qualified to impart advice on flood risk, however there are a number of checks that may be initiated by the buyer or by their conveyancers which should give them a better understanding of the risks in Wickford. The standard property information forms given to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a usual question of the vendor to determine whether the premises has historically flooded. In the event that flooding has previously occurred and is not disclosed by the vendor, then a buyer could issue a legal claim for losses resulting from an misleading answer. The purchaser’s lawyers may also conduct an environmental search. This should indicate whether there is a recorded flood risk. If so, further inquiries should be made.
Are there restrictive covenants that are commonly identified during conveyancing in Wickford?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Wickford. 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 flat up to £245,000 and found one near me in Wickford I like with amenity areas and railway links in the vicinity, the downside is that it's only got 49 years on the lease. I can't really find anything else in Wickford in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a home loan the shortness of the lease will be an issue. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least 2 years you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.
Should I appoint a Wickford conveyancing lawyer based in the vicinity that I am buying? We have a good friend who can handle the conveyancing but her office is 400kilometers drive away.
The benefit of a high street Wickford conveyancing firm is that you can drop in to sign paperwork, hand in your identification documents and pester them if necessary. They will also have local knowledge which is a plus. However it's more important to get someone that will do a good and efficient job. If other friends have used your friend and in the main were content that should outweigh using an unfamiliar Wickford conveyancing solicitor just because they are Wickford based.