Me and my partner are soon to exchange on the purchase of a property in Crabtree but as a result of damage from some water damage at the property I have managed to agree recompense from the vendor of six thousand pounds taking the form of a adjustment in the price. I had intended this to be dealt with as part of the conveyancing process yet RBS are not allowing this. Should they have been approached?
Your conveyancing practitioner that is on the RBS conveyancing panel is obliged to advise RBS of any variations to the sale price. If you were to refuse your conveyancing practitioner to notify the reduction to RBS then they would have to discontinue acting for you. In addition, RBS and you would have to appoint a new conveyancer for your conveyancing in Crabtree.
I am the registered owner of a freehold premises in Crabtree yet pay rent, why is this and what is this?
It’s unusual for properties in Crabtree and has limited impact for conveyancing in Crabtree 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 hundreds of years, but the Rent Charge Act 1977 barred the creation of new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
Are there restrictive covenants that are commonly identified as part of conveyancing in Crabtree?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Crabtree. 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…’
I only have Fifty years remaining on my lease in Crabtree. I am keen to extend my lease but my freeholder is missing. What should I do?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the Court. You will be obliged to prove that you or your lawyers have used your best endeavours to locate the landlord. In some cases a specialist should be useful to try and locate and to produce a report which can be accepted by the court as proof that the freeholder can not be located. It is wise to seek advice from a conveyancer both on devolving into the landlord’s absence and the application to the County Court overseeing Crabtree.
Leasehold Conveyancing in Crabtree - A selection of Queries Prior to buying
How many of the leaseholders are in arrears for their service charge payments? The answer will be useful as a) areas may cause problems for the building as the common areas may begin to deteriorate where services remain unpaid b) if the leaseholders have a dispute with the managing agents you will wish to have all the details The best form of lease structure is a share of the freehold. In this situation the leaseholders enjoy control and notwithstanding that a managing agent is usually retained if the building is larger than a house conversion, the managing agent acts for the leaseholders themselves.
I require the services of a mortgage company panel solicitor in Crabtree. Could you help me?
Unfortunately it’s not apparent why you need a Crabtree panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the bank to find out which solicitors in Crabtree are on their panel . If you do find such a firm in Crabtree not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site