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Find a Spalding Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Spalding? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Spalding conveyancing at risk of delay or failure.

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Recently asked questions about conveyancing in Spalding

Me and my wife are acquiring our first house. Our property lawyer has e-mailedto ask if we want to purchase additional conveyancing searches. Unfortunately we have no idea as to what's necessary for conveyancing in Spalding

The range of Spalding conveyancing searches depends primarily on the property, the location, the possibility of any of these risks, your knowledge of the area and risks, your general attitude to risk. What is important is that you adequately comprehend what information each search could supply. You may then make a decision if you consider that you need that information. Should you be uncertain, ask the conveyancing practitioner to advise.

I am the registered owner of a freehold premises in Spalding but nevertheless pay rent, why is this and what is this?

It is rare for properties in Spalding and has limited impact for conveyancing in Spalding 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 establishment of fresh rentcharges post 1977.

Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.

I own a renovated Victorian house in Spalding. Conveyancing lawyer represented me and Clydesdale. I did a free Land Registry search last week and there are a couple of entries: one for freehold, the second leasehold with the matching property. If a house is not a freehold shouldn't I have been informed?

You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Spalding and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the situation with the conveyancing solicitor who conducted the purchase.

I'm buying a new build house in Spalding with a mortgage from Platform Home Loans Ltd. The developers refused to budge the amount so I negotiated five thousand pounds worth of additionals instead. The property agent suggested that I not to tell my solicitor about this deal as it would affect my mortgage with the lender. Do I keep my lawyer in the dark?.

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.

There are a lot of properties in Spalding on private roads. My husband and I are purchasing one such house. Are there any advantages to buying a property on a private road?

Spalding conveyancing solicitors are familiar with dealing homeson private. Your conveyancer will review the Land Registry data to identify any rights or responsibilities. In many cases there is a management company (wholly owned by residents) that residents make annual contributions for the upkeep of the road. If one exists, the road will likely be maintained and appear nicer than council adopted.

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Neighbouring Locations

Spalding
Holbeach
Werrington
Market Deeping
Crowland

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