I am buying a house without a mortgage in Hebden Bridge. I have been living for the last Seventeen years in Hebden Bridge. Conveyancing searches are exorbitant. Given that I know the road and vicinity very well must I have all the conveyancing searches?
In the absence of a home loan, then all but one or two of the Hebden Bridge conveyancing searches are optional. Your conveyancer will ’encourage you, no-doubt strongly, that you should have searches carried out, but she has a professional duty to do this. One thing to consider; if you are intend to sell the house in the future, it could be of interest to your prospective purchaser what the searches reveal. On occasion premises with no practical issues can still reveal negative search results. A competent conveyancing solicitor in Hebden Bridge will provide you some sensible guidance here.
I am the registered owner of a freehold premises in Hebden Bridge but nevertheless charged rent, why is this and what is this?
It is rare for properties in Hebden Bridge and has limited impact for conveyancing in Hebden Bridge 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 creation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
What will a local search reveal about the house my wife and I buying in Hebden Bridge?
Hebden Bridge conveyancing often commences with the applying for local authority searches directly from your local Authority or through a personal search organisations for example Searches UK The local search is essential in every Hebden Bridge conveyancing purchase; that is if you wish to avoid any unpleasant surprises after you move into your new home. The search should provide information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject headings.
I decided to have a survey done on a property in Hebden Bridge before instructing conveyancers. I have been advised that there is a flying freehold element to the property. The surveyor advised that some mortgage companies tend not grant a loan on a flying freehold property.
It depends who your proposed lender is. Santander has different instructions for example to Birmingham Midshires. If you contact us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Hebden Bridge. Conveyancing may be slightly more expensive based on your lender's requirements.
What does commercial conveyancing in Hebden Bridge cover?
Hebden Bridge conveyancing for business premises covers a broad array of guidance, offered by qualified solicitors, relating to business premises. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.