Willappointing a Woodcote conveyancing lawyer make the home moving process easier?

Existing third party relationships is an important consideration when choosing conveyancing lawyers. Woodcote conveyancers enjoy connections with mortgage brokers and agents, local authorities, surveyors and other conveyancing firms meaning you will move in shortest possible time. Hosting a sound insight into the local area is also a plus .

I purchased a freehold house in Woodcote but nevertheless charged rent, why is this and what is this?

It’s unusual for properties in Woodcote and has limited impact for conveyancing in Woodcote 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 generation of new rentcharges from 1977 onwards.

Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.

Me and my brother have a semi-detached Edwardian property in Woodcote. Conveyancing practitioner acted for me and Accord Mortgages Ltd. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, another for leasehold with the exact same property. I thought I was buying a freehold how can I check?

You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Woodcote and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with the conveyancing lawyer who conducted the work.

I'm purchasing my first flat in Woodcote with a mortgage from Accord Mortgages Ltd. The builders refused to budge the price so I negotiated 6k of extras instead. The estate agent advised me not reveal to my solicitor about the side-deal as it could adversely affect my mortgage with the lender. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the developer 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.

Planning to complete next month on a studio apartment in Woodcote. Conveyancing lawyers inform me that they will have a report out to me on Monday. What should I be looking out for?

Your report on title for your leasehold conveyancing in Woodcote should include some of the following:

Whether your lease has a provision for a slush fund? You should know whether the lease allows you to change or improve aspects of the premises- you must know whether any restrictions relates to all alterations or limited to structural alteration, and whether permission is mandated necessary Are you allowed to have a pet in the flat? An explanation as to the provision as set out in the lease to to contribute towards maintenance costs - in respect of the block, and the wider rights a leaseholder enjoys What you can do if an adjoining owner is in violation of a provision in their lease?

Leasehold Conveyancing in Woodcote - Examples of Questions you should consider before Purchasing

Who manages the block? For many Woodcote leaseholds the outlay for major works tend not to be wrapped into the service charges, albeit that a few managing agents in Woodcote ask leaseholders to contribute towards a reserve fund and this is used to offset against major works.