It has come to my attention via my estate agent that my Appleton solicitor is not on the mortgage company Solicitor panel. How can I be certain that this is indeed the case?
The sensible course of action for you to take is to call your Appleton conveyancer. You lawyer should notify you of the situation. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your bank.
I am the registered owner of a freehold premises in Appleton but still charged rent, why is this and what is this?
It is rare 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 have existed for many centuries, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges post 1977.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
I am about to put a bid on a leasehold apartment in Appleton. The estate agents advise that it is standard for flats in Appleton to have less than 75 years unexpired on the lease. I am getting a mortgage with Platform. Is this going to be acceptable if the lease has 70 years unexpired.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 1/12/2024 the requirements read as follows :
I'm purchasing my first flat in Appleton with the aid of help to buy. The developers refused to reduce the price so I negotiated 6k of extras instead. The house builders rep advised me not reveal to my conveyancer about this extras as it may impact my mortgage with Clydesdale. 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.
Given that I am about to spend 450k on a terraced house in Appleton I would like to talk to a lawyer about mytransaction in advance of instructing the firm. Is this something that you can arrange?
This is something that we recommend - we would be pleased to talk to you we do not take any clients on without you first talking to the lawyer who will be doing your conveyancing in Appleton.There is no ‘factory style conveyancing’ - each client is an important person, not a matter reference. The law firms that we put you in touch with believe that the fees you are quoted for your conveyancing in Appleton should be the figure that you are charged.