In the event thatI was to buy a straightforward homein Wooburn Green for cash and dispense with a survey and no local authority searches how much should I expect to have to pay for conveyancing in Wooburn Green?
Any savings you would make would be limited to the Wooburn Green conveyancing searches. A property lawyer is obliged to do the vast majority of work - money laundering, correspond with the sellers property lawyer, SDLT submission, register the title etc. A slight saving might be made by not having to register a charge but it won't be a lot.
I am the registered owner of a freehold property in Wooburn Green but still charged rent, why is this and what is this?
It’s unusual for properties in Wooburn Green and has limited impact for conveyancing in Wooburn Green 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 extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
I am expecting a DIP from Barclays this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Barclays recommend any Wooburn Green solicitors on the Barclays conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Wooburn Green solicitors independently although you'll need to choose one on the Barclays conveyancing panel. The solicitor represents both you and Barclays through the process.
I have a mortgage with Kent Reliance for my property in Wooburn Green. Conveyancing was finalised 12 months ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Kent Reliance?
You must advise Kent Reliance prior to letting out your property as this is likely to be a breach of Kent Reliance’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Kent Reliance directly. It should not be necessary to do this via a Kent Reliance conveyancing panel firm.
The formalities of my remortgage has taken place for my property in Wooburn Green. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. How does one go about formally complaining?
Most lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Department at head office. We understand that complaints to a lender are resolved effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
Just bought a semi-detached house in Wooburn Green , What is the estimated time for the Land Registry to register my ownership? My Wooburn Green conveyancing solicitor has been painfully slow, so I want to be sure that my ownership is recorded.
There is nothing unique when it comes to conveyancing in Wooburn Green registration formalities. Rather than based on location, timescales can adjust depending on the party submitting the application, whether there are errors and whether the Land registry must send notices to any interested persons or bodies. Currently approximately 80% of such applications are fully addressed within two weeks but some can be subject to longer hold-ups. Registration takes place after the buyer is living at the property so registration formalities is not typically an essential issue yet if there is a degree of urgency associated with the registration then you or your lawyers can contact the land registry and explain the circumstances.
I am buying a new build flat in Wooburn Green. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Wooburn Green
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please confirm the Lease plans are surveyor prepared. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
My step-father has suggested that I use his conveyancers in Wooburn Green. Should I find my own property lawyer?
Much as we are happy to recommend a Wooburn Green conveyancing lawyer the best way to find a conveyancing practitioner is to get referrals from friends or relatives who have actually used the conveyancer that you are contemplating using.