I purchased a freehold premises in Kirkby Stephen but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Kirkby Stephen and has limited impact for conveyancing in Kirkby Stephen 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 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 is to be dispensed with completely.
I am buying a terraced house in Kirkby Stephen. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Kirkby Stephen you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Kirkby Stephen.
A colleague pointed out to me me that in buying a property in Kirkby Stephen there may be a number of restrictions prohibiting external alterations to the property. Is this right?
We are aware of a number of properties in Kirkby Stephen which have some sort of restriction or requirement of consent to execute external changes. Part of the conveyancing in Kirkby Stephen should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
My husband and I have arranged a further advance on our home loan from Skipton as we wish to carry out a loft conversion to our property in Kirkby Stephen. Are we obliged to select a bricks and mortar Kirkby Stephen solicitor on the Skipton conveyancing panel to deal with the paperwork?
Skipton would not normally instruct a member of their conveyancing panel to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Skipton panel.
We have a mortgage agreed in principle with Coventry BS. Kirkby Stephen conveyancing lawyers were selected. How long does it take for Coventry BS to issue the offer to the conveyancer?
Some lenders take longer than others. Have Coventry BS done the valuation? Have you advised Coventry BS as to your lawyers' details and checked that your lawyers are on the Coventry BS conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I am buying a new build house in Kirkby Stephen benefiting from help to buy. The developers would not budge the amount so I negotiated £7000 of extras instead. The house builders rep told me not inform my solicitor about the extras as it may put at risk my mortgage with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder 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.
What does commercial conveyancing in Kirkby Stephen cover?
Kirkby Stephen conveyancing for business premises covers a broad range of guidance, supplied by qualified solicitors, relating to business property. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing leases 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.