I own a freehold house in Longlands but still charged rent, why is this and what is this?
It’s unusual for properties in Longlands and has limited impact for conveyancing in Longlands 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 new 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 in 2037 is to be dispensed with completely.
I have been told that property searches are the number one cause of hinderance in Longlands conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the findings of a review by MoveWithUs that conveyancing searches do not feature within the most frequent causes of delays during the legal transfer of property. Local searches are unlikely to be the root cause of delay in conveyancing in Longlands.
I am buying my first flat in Longlands with a mortgage from Halifax. The sellers would not budge the price so I negotiated £7000 of additionals instead. The house builders rep advised me not to tell my lawyer about the side-deal as it will jeopardize my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
How difficult is it to transfer to a new firm as I need to find one who is on the Platform Home Loans Ltd conveyancing list. I had appointed a local conveyancing solicitor in Longlands round the corner but he is not approved by Platform Home Loans Ltd
We will our best to assist in finding you a conveyancing solicitor in Longlands on the Platform Home Loans Ltd panel. Please note that the law firms that we list do not pay us a referral fee if you instruct them and are regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Longlands. In making use of search facility on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Longlands.
Should I appoint a Longlands conveyancing lawyer who is local to the property I am hoping to buy? An old friend can handle the conveyancing but her office is 200kilometers away.
The benefit of a high street Longlands conveyancing practice is that you can pop in to sign paperwork, present your identification documents and pester them where appropriate. Having local Longlands know how is a bonus. That being said nothing is more important than finding someone that will pull out all the stops for you. If if people you trust instructed your friend and in the main were impressed that must trump using an unknown Longlands conveyancing lawyer solely due to them being local.