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Recently asked questions about conveyancing in Newton Aycliffe

I require conveyancing for a flat in a fairly new development (seven years built) in Newton Aycliffe. Almost all the flats are already disposed of. Is it really necessary to order neighbourhood searches as part of conveyancing in Newton Aycliffe?

You would be opening yourself up to an unnecessary risk in failing carrying out Newton Aycliffe conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying without a mortgage there is no legal necessity to have them, but we would seriously advise in no uncertain terms that you have them. If speed and price are top of your issues you should discuss with your lawyer about the viability of search insurance

I purchased a freehold house in Newton Aycliffe but still pay rent, why is this and what is this?

It’s unusual for properties in Newton Aycliffe and has limited impact for conveyancing in Newton Aycliffe 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 creation of new rentcharges post 1977.

Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.

The estate agent has sent us the confirmation of our purchase of a new build flat in Newton Aycliffe. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.

Set out below is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Newton Aycliffe

    The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Forfeiture - bankruptcy or liquidation must not apply under this provision. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please confirm the Lease plans are architect prepared.

I decided to have a survey carried out on a house in Newton Aycliffe in advance of instructing solicitors. I have been told that there is a flying freehold aspect to the property. My surveyor advised that some mortgage companies will refuse to issue a loan on such a home.

It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. Should you wish to call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Newton Aycliffe. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Newton Aycliffe to see if the conveyancing costs will increase in light of this.

Back In 2005, I bought a leasehold flat in Newton Aycliffe. Conveyancing and Accord Mortgages Ltd mortgage are in place. A letter has just been received from someone claiming to own the freehold. Attached was a ground rent demand for rent dating back to 1991. The conveyancing practitioner in Newton Aycliffe who acted for me is not around. Do I pay?

The first thing you should do is make enquiries of HMLR to make sure that this person is in fact the registered owner of the freehold reversion. You do not need to instruct a Newton Aycliffe conveyancing lawyer to do this as it can be done on-line for less than a fiver. You should note that in any event, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

Newton Aycliffe Conveyancing for Leasehold Flats - A selection of Questions you should ask Prior to buying

    What restrictions are contained in the Newton Aycliffe Lease? Be sure to discover if the the lease contains any onerous restrictions in the lease. By way of example it is reasonably common in Newton Aycliffe leases that pets are not allowed in certain buildings in Newton Aycliffe. If you like the flatin Newton Aycliffe however your cat is not allowed to move with you then you will be faced difficult compromise. How long is the Lease?

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Find out more about how flying freehold can affect your the value of a property.