I own a freehold premises in Wilford but nevertheless charged rent, why is this and what is this?
It is rare for properties in Wilford and has limited impact for conveyancing in Wilford 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 fresh rentcharges post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
Is it correct that all Wilford CQS (Conveyancing Quality Scheme) solicitors are on the Nottingham conveyancing panel?
It is true that some banks and building societies now utilise the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of conveyancing solicitors.
Can I be sure that the Wilford conveyancing solicitor on the Kent Reliance panel is any good?
When it comes to conveyancing in Wilford obtaining recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advocate that you speak with the solicitor conducting your transaction.
After weeks of negotiation I have agreed a price on a house in Wilford. My mortgage broker pressured me to appoint their solicitor. I paid an upfront payment of £175. A few days later, the conveyancing practitioner contacted me to say that they were not on the Kent Reliance conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Kent Reliance panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Should commercial conveyancing searches reveal impending roadworks that may affect a commercial property in Wilford?
Its becoming the norm that commercial conveyancing solicitors in Wilford will order a SiteSolutions Highways report as it reduces the time that conveyancers spend in investigating accurate data on highways that impact buildings and development assets in Wilford. The report sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Wilford.
For every commercial conveyancing transaction in Wilford it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately may result in delays to Wilford commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not carried out for residential conveyancing in Wilford.
Due to the input of my in-laws I had a survey completed on a house in Wilford before instructing solicitors. I have been informed that there is a flying freehold element to the house. My surveyor advised that some banks will refuse to give a mortgage on a flying freehold property.
It varies from the lender to lender. Bank of Scotland has different requirements from Halifax. If you call us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Wilford. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Wilford to see if the conveyancing will be more expensive.
My husband and I are new on the property ladder - agreed a price, but the estate agent informed us that the owners will only go ahead if we instruct their preferred lawyers as they want an ‘expedited deal’. Our preferred option is to instruct a high street solicitor accustomed to conveyancing in Wilford
We suspect that the seller is unaware of this requirement. Should the seller want ‘a quick sale', alienating a motivated buyer is is going to put the whole deal at risk. Speak to the owners direct and make the point that (a)you are keen to buy (b)you are ready to go, with finances arranged © you do not need to sell (d) you intend to proceed fast (e)but you intend to appoint your own,trusted Wilford conveyancing firm - not the ones that will provide the estate agent a referral fee or achieve conveyancing thresholds set by corporate headquarters.