I am the registered owner of a freehold house in Chipping Campden but still pay rent, why is this and what is this?
It is rare for properties in Chipping Campden and has limited impact for conveyancing in Chipping Campden 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 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 after 2037 will be extinguished.
I'm buying my first flat in Chipping Campden benefiting from help to buy. The developers would not move on the amount so I negotiated five thousand pounds worth of extras instead. The estate agent told me not disclose to my lawyer about the extras as it would impact my loan with Birmingham Midshires. 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.
Hoping to buy a property located in Chipping Campden and I am already nervous. I couldn't find anything specific about Chipping Campden. Conveyancing will be needed in due course but do you know about the Chipping Campden area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Chipping Campden. In the meantime here are some basic statistics that we found
We are four weeks into a leasehold purchase having been directed to a firm by the high street agent to do our conveyancing in Chipping Campden. I am not happy. Can you you assist me in finding new conveyancers?
A conveyancer would have to be really bad in order to consider replacing them. Has the mortgage offer been generated? In the event that it has you need to inform them of the new contact details and get the offer are re-sent. Your conveyancer should be on the banks panel to avoid escalating fees and frustration. That should be your starting point. The find a solicitor tool should help you find a bank approved lawyer for your conveyancing in Chipping Campden
Am in the process of buying my first home in Chipping Campden. Conveyancing practitioner has been appointed. The mortgage adviser suggested that a survey is not necessary as the house was only built in 1997.
At the very least you should order a Home Buyer's Report. Given the premises was constructed over a decade ago the property will be without a warranty, so you don't want to take a risk. Where a property of this age shows no signs of defects a Home Buyer's report may be sufficient. They will highlight any apparent issues and recommend additional investigation if appropriate. Where there are any signs of problems obtain a comprehensive structural survey.