I own a freehold house in Aspley Guise but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Aspley Guise and has limited impact for conveyancing in Aspley Guise 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 establishment of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
Forgive me if this question is silly but I am new to the home buying as a first time purchaser of a garden flat in Aspley Guise. Do I pick up the keys to the premises on completion from my solicitor? If so, I will appoint a High Street conveyancing solicitor in Aspley Guise?
On the day of completion you will not be required to go to the conveyancers office in Aspley Guise. Your solicitors will electronically transfer the purchase money to the vendor’s lawyers, and shortly after the monies have arrived, you should be able to pick up the keys from the Estate Agents and move into your new home. This tends to happen early afternoon.
My husband and I are at the point of viewing apartments in Aspley Guise and I am about to put in an offer. Is it too early to have a solicitor in place? I will be getting a home loan with Yorkshire BS.
You should start requesting conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the estate agent. Given that you are taking out a mortgage with Yorkshire BS, make sure you remember to check that your lawyer is on the Yorkshire BS conveyancing panel.
I am due to exchange contracts on my flat. I had a double glazing fitted in September 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, HSBC are being difficult. The Aspley Guise solicitor who is on the HSBC conveyancing panel is happy to accept ‘lack of building regulation’ insurance but HSBC are insisting on a building regulation certificate. Why do HSBC have a conveyancing panel if they don't accept advice from them?
It is probably the case that HSBC have referred the matter to their valuer. The reason why HSBC may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
We are downsizing from our house in Aspley Guise and according to the buyers it appears that there is a possibility that the property was constructed land that was not decontaminated. A high street Aspley Guise lawyer would know that there is no such problem. For the life of me I don't know why the purchasers used a national conveyancing firm rather than a conveyancing solicitor in Aspley Guise. We have lived in Aspley Guise for three years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to seek confirmation need.
It sounds as though you may have a conveyancing solicitor currently acting for you. What do they say? You must check with 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 health insurance to cover that same illness)
How does conveyancing in Aspley Guise differ for new build properties?
Most buyers of new build or newly converted property in Aspley Guise contact us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is finished. This is because builders in Aspley Guise usually buy 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 property lawyers 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 used to new build conveyancing in Aspley Guise or who has acted in the same development.
I'm remortgaging my primary property to a buy to let loan with TSB and intend to use the remaining equity as a down payment on further property. The area we are looking at is Aspley Guise. Will your conveyancers be able to act for both sets of lenders and link together the conveyances?
Do use our comparison tool on this site to be sure that the lawyers are approved by both lenders. On the basis that they are your conveyancer should be able to connect the two conveyancing matters but you should have a chat with you solicitor and make apparent your expectations and requirements.