My mortgage broker requires my Wootton Bridge solicitor’s panel reference for the Nat West conveyancing panel. Can you suggest how I find this out. I have contacted my local Wootton Bridge branch but they have not got back to me yet.
Have you tried contacting your Wootton Bridge conveyancing practitioner about this?. They maintain a central record lender panel numbers.
I purchased a freehold premises in Wootton Bridge but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Wootton Bridge and has limited impact for conveyancing in Wootton Bridge 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 establishment of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
How does conveyancing in Wootton Bridge differ for newly converted properties?
Most buyers of new build premises in Wootton Bridge contact us having been asked by the seller to sign contracts and commit to the purchase even before the property is ready to move into. This is because builders in Wootton Bridge usually purchase the site, 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 conveyancing solicitors 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 Wootton Bridge or who has acted in the same development.
I've recently found out that there is a flying freehold element on a house I put an offer in a fortnight ago in what should have been a straight forward, chain free conveyancing. Wootton Bridge is where the house is located. What do you suggest?
Flying freeholds in Wootton Bridge are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Wootton Bridge you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Wootton Bridge may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
We're new to the buying process - agreed a price, yet the selling agent has warned us that the seller will only move forward if we use their recommended conveyancers as they need an ‘expedited deal’. Our preferred option is to instruct a local solicitor who is accustomed to conveyancing in Wootton Bridge
It is highly unlikely the owners are driving this. Should the seller require ‘a quick sale', taking such a hostile approach to a serious purchaser is counter productive. Bypass the agents and go straight to the sellers and make sure they comprehend that (a)you are genuine buyers (b)you are ready to progress, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)but you are going to use your own,trusted Wootton Bridge conveyancing firm - not the ones that will earn their estate agent a kickback or meet his conveyancing thresholds demanded by HQ.
My wife and I purchased a leasehold flat in Wootton Bridge. Conveyancing and Halifax mortgage are in place. I have received a letter from someone saying they have taken over the reversionary interest in the property. It included a ground rent demand for rent dating back to 1993. The conveyancing practitioner in Wootton Bridge who acted for me is not around. Any advice?
First contact the Land Registry to be sure that the individual purporting to own the freehold is in fact the new freeholder. You do not need to instruct a Wootton Bridge conveyancing lawyer to do this as it can be done on-line for a few pound. You should note that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Wootton Bridge Conveyancing for Leasehold Flats - Examples of Questions you should consider Prior to buying
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The answer will be helpful as a) areas can result in problems in the building as the communal areas may start to deteriorate where repairs remain unpaid b) if the leaseholders have a dispute with the running of the building you will want to have all the details How long is the Lease? How many of the leaseholders are in arrears for their maintenance charge payments?