I own a freehold house in Haddenham but still invoiced for rent, why is this and what is this?
It is rare for properties in Haddenham and has limited impact for conveyancing in Haddenham 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 redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
I am considering applying for a Bank of Ireland mortgage for purchase of a newly converted (under development) in Haddenham with 60% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Bank of Ireland ?
In theory, you could use a solicitor that is not on the Bank of Ireland conveyancing panel, but Bank of Ireland would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
I am purchasing a detached bungalow in Haddenham. The intention is to an extension at the rear at the property.Will legal investigations on the property involve investigations to see if these works were previously refused?
Your solicitor should review the registered title as conveyancing in Haddenham will sometimes reveal restrictions in the title documents which restrict certain changes or require the consent of another owner. Some extensions require local authority planning permissions and approval in compliance with building regulations. Certain locations are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. It would be prudent to check these issues with a surveyor prior to committing yourself to a purchase.
My lawyer has informed me that lack of building regulations insurance is necessary on my purchase. What is the level of cover for Haddenham conveyancing?
The appropriate level of lack of building regulations indemnity insurance depends on your lender. It would differ for example between Birmingham Midshires and Chelsea Building Society. Conveyancing lawyers as opposed to borrowers take out such policies.
It is unclear whether my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Haddenham bank branch on a couple of occasions and was told it wasn't an issue and they will lend. My Haddenham conveyancing solicitor - who is on the mortgage company conveyancing panel- called to say that they refuse to lend in accordance with their published requirements. I simply don't know who is right.
The conveyancer must follow the CML Handbook section two conditions for your bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years remaining.
I opted to have a survey done on a house in Haddenham ahead of instructing lawyers. I have been advised that there is a flying freehold aspect to the house. Our surveyor has said that some banks will refuse to give a mortgage on such a home.
It depends who your proposed lender is. HSBC has different requirements from Halifax. If you contact us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Haddenham. Conveyancing may be slightly more expensive based on your lender's requirements.
In my capacity as executor for the will of my uncle I am selling a property in Cardiff but I am based in Haddenham. My conveyancer (who is 250 kilometers from merequires that I sign a stat dec before completion. Can you recommend a conveyancing solicitor in Haddenham to witness this legal document for me?
Technically speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will suffice regardless of whether they are based in Haddenham