I am purchasing a house without a mortgage in Rubery. I have been living for the previous 20 years in Rubery. Conveyancing searches are a lot of money. Given that I have knowledge of the road and vicinity very well should I not bother getting the solicitor to do all the conveyancing searches?
In the absence of a mortgage, then all but one or two of the Rubery conveyancing searches are non-obligatory. Your solicitor will ’encourage you, perhaps strongly, that you should have searches carried out, but she is duty bound to do this. One thing to bear in mind; if you are likely to dispose of the house in the future, it will be of interest to your prospective buyer what the searches disclose. On occasion houses with day to day issues can still reveal negative search results. A competent conveyancing solicitor in Rubery should be able to give you some sensible guidance in this regard.
I purchased a freehold residence in Rubery but still pay rent, why is this and what is this?
It’s unusual for properties in Rubery and has limited impact for conveyancing in Rubery 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 post 1977.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
Will commercial conveyancing searches reveal proposed roadworks that may impact a commercial site in Rubery?
Its becoming the norm that commercial conveyancing solicitors in Rubery will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in investigating accurate data on highways that impact buildings and development assets in Rubery. The search result provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Rubery.
For each commercial conveyancing transaction in Rubery it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately could cause delays to Rubery commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not conducted for domestic conveyancing in Rubery.
I'm buying my first flat in Rubery with the aid of help to buy. The sellers would not move on the amount so I negotiated £7000 of fixtures and fittings instead. The estate agent advised me not disclose to my solicitor about this extras as it could jeopardize my loan with Accord Mortgages Ltd. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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.
How do I use the search facility to get a costs illustration from a conveyancing practitioner in Rubery on the approved list for my mortgage?
First select a bank such as Birmingham Midshires, Chelsea Building Society or Platform Home Loans Ltd then type in your preferred area for example Rubery. Conveyancing firms in Rubery and beyond should be identified.