My wife and I are about to complete buying a house in Woolavington but as a consequence of damage from a small fire at the property I have was able negotiate recompense from the seller in the sum of six thousand pounds taking the form of a reduction in the price. I had intended this to be dealt with as part of amending the contract but RBS will not permit this. Why were they involved?
The conveyancing practitioner that is on the RBS approved list is obliged to advise RBS of any variations to the sale price. If you prohibit your lawyer to notify the price change to RBS then they would have to discontinue acting for you. In addition, RBS and you would have to appoint a new conveyancing practitioner for your conveyancing in Woolavington.
I own a freehold premises in Woolavington but nevertheless charged rent, why is this and what is this?
It is rare for properties in Woolavington and has limited impact for conveyancing in Woolavington 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 generation of fresh 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 in 2037 is to be dispensed with completely.
My relative suggested that where I am purchasing in Woolavington I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually included in the estimate for your Woolavington conveyancing searches. It is a large report of about 40 pages, listing and setting out significant information about Woolavington around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Woolavington Education with plans and statistics, Local Amenities and other useful data concerning Woolavington.
Are there restrictive covenants that are commonly identified during conveyancing in Woolavington?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Woolavington. 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 decided to have a survey completed on a house in Woolavington before retaining lawyers. I have been told that there is a flying freehold overhang to the house. My surveyor has said that some banks may not issue a mortgage on such a house.
It varies from the lender to lender. Lloyds has different requirements from Nationwide. If you call us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Woolavington. Conveyancing may be slightly more expensive based on your lender's requirements.
How can the Landlord & Tenant Act 1954 impact my business property in Woolavington and how can your lawyers assist?
The particular law that you refer to affords protection to commercial leaseholders, giving them the legal entitlement to apply to court for a continuation of occupancy at the end of the lease term. There are limited grounds that a landlord can refuse a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing firms who use the act for protection and help with commercial conveyancing in Woolavington