I am buying property in Woburn Sands. My Solicitor is not listed on the lender solicitor list. Can I still appoint my Woburn Sands conveyancing solicitor even though they are not on the mortgage company panel?
Various options include
- Complete the purchase with your existing Woburn Sands solicitor but your lender will need to retain a property lawyer on their approved list. This will result in additional fees and probable delay.
- Choose a fresh solicitor to conduct the conveyancing, making sure they are on the lender conveyancing panel.
- Appeal to your solicitor to attempt to join the bank panel
I purchased a freehold residence in Woburn Sands yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Woburn Sands and has limited impact for conveyancing in Woburn Sands 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 generation of new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
We are selling our apartment in Woburn Sands. Will my solicitor have to be on the Yorkshire BS conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Yorkshire BS conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently in recent years.
Will commercial conveyancing searches reveal planned roadworks that could affect a commercial property in Woburn Sands?
Its becoming the norm that commercial conveyancing solicitors in Woburn Sands will carry out a SiteSolutions Highways report as it reduces the time that conveyancers expend in sourcing accurate data on highways that impact buildings and development assets in Woburn Sands. The search result sets out definitive data 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 Woburn Sands.
For each commercial conveyancing transaction in Woburn Sands it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately may cause delays to Woburn Sands commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not carried out for residential conveyancing in Woburn Sands.
I have recently realised that I have 68 years remaining on my flat in Woburn Sands. I am keen to get lease extension but my freeholder is absent. What should I do?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the Court. However, you will be required to prove that you or your lawyers have made all reasonable attempts to find the landlord. On the whole an enquiry agent should be useful to try and locate and prepare a report to be used as proof that the freeholder is indeed missing. It is advisable to get professional help from a property lawyer in relation to devolving into the landlord’s disappearance and the vesting order request to the County Court covering Woburn Sands.
Leasehold Conveyancing in Woburn Sands - A selection of Questions you should ask before Purchasing
The answer will be useful as a) areas may cause problems in the block as the communal areas may begin to deteriorate where repairs are not paid for b) if the leasehold owners have a dispute with the running of the building you will wish to know about it How many of the leaseholders are in arrears for their maintenance charge payments? Does the lease include onerous restrictions?