I am obtaining a mortgage offer from Halifax. I hope to enlist the help of a Licensed Conveyancer in Winscombe. Does the Halifax Conveyancing panel allow for conveyancers regulated by the CLC?
The Halifax approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
I purchased a freehold house in Winscombe yet pay rent, why is this and what is this?
It’s unusual for properties in Winscombe and has limited impact for conveyancing in Winscombe 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.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
We are planning on selling our property in Winscombe and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. Any high street Winscombe conveyancer would know that there is no such problem. For the life of me I don't know why the buyers used an internet conveyancing firm as opposed to a conveyancing solicitor in Winscombe. Having lived in Winscombe for three years we know of no issue. Should we get in touch with our local Authority to get clarification that there is no issue.
It would appear that you have a conveyancing solicitor currently acting for you. What do they say? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
How does conveyancing in Winscombe differ for newly converted properties?
Most buyers of new build residence in Winscombe approach us having been asked by the developer to exchange contracts and commit to the purchase even before the house is completed. This is because house builders in Winscombe tend to buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Winscombe or who has acted in the same development.
I have been on the look out for a leasehold apartment up to £195,000 and found one round the corner in Winscombe I like with open areas and station nearby, the downside is that it only has 51 remaining years left on the lease. There is not much else in Winscombe suitable, so just wondered if I would be making a mistake buying a short lease?
Should you require a home loan that many years will be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of twenty four months you may ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.
What type of conveyancing services do Winscombe conveyancing organisations offer?
Almost all Winscombe conveyancing firms can offer a broad sphere of services to domestic and rural land owners, sellers, first time buyers, freeholders and tenants which may include:
-
Home sale conveyancing in Winscombe and nationwide
Property purchase conveyancing in Winscombe and throughout England and Wales
Advice on property related issue Auction sales and purchase conveyancing in Winscombe and all parts of the country Planning permissions and restrictions ‘Buy to let’ and investment property issues