My Appleton lawyer has discovered an inconsistency when comparing the information in the valuation survey and what is revealed within the legal papers for the property. My solicitor has advised that he must ensure that the lender is OK with this discrepancy and is still content to lend. Is my solicitor’s stance appropriate?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook provisions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
I purchased a freehold property in Appleton but still invoiced for rent, why is this and what is this?
It’s unusual for properties in Appleton and has limited impact for conveyancing in Appleton 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 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 post 2037 will be extinguished.
I am looking to buy a house and need a conveyancing solicitor in Appleton who is on the Coventry Building Society approved. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Coventry Building Society in certain locations such as Appleton. We dont recommend any particular firm.
Are there restrictive covenants that are commonly picked up during conveyancing in Appleton?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Appleton. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Over the last few months I have been searching for a flat up to £305k and identified one close by in Appleton I like with amenity areas and railway links nearby, the downside is that it's only got 51 years on the lease. I can't really find anything else in Appleton suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you require a mortgage that many years will be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you can request that they start the process of the extension and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this matter.