After what seems like an age a loan agreement from NatWest for the refinancing of my single bedroom apartment is expected any day now. Are you able to put forward a low cost conveyancing solicitor in Broadway?
You have arrived at the wrong place to search for cut-price fees for conveyancing in Broadway. Our aim is to provide cost effective conveyancing but our intention is not to work with the cheapest lawyers. Avoid the trap of appointing companies offering ninety nine pound conveyancing in Broadway. Optimistically, in being led by cheap conveyancing, you will end up with what you pay for and at worst you will end up invoiced for additional fees and still not end up with the service expected.
I purchased a freehold house in Broadway yet charged rent, why is this and what is this?
It is rare for properties in Broadway and has limited impact for conveyancing in Broadway 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 fresh 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 after 2037 will be extinguished.
This question may be naive but I am wet behind the ears as FTB of a two bedroom flat in Broadway. Do I receive the keys to the premises on completion from my solicitor? If so, I will use a local conveyancing solicitor in Broadway?
On the day of completion you do not need to go to the conveyancers office in Broadway. Your solicitors will electronically transfer the purchase money to the owner’s conveyancers, and once they have received this, you should be able to receive the keys from the selling Agents and move into your new home. Usually this happens early afternoon.
My wife and I are at the point of looking at apartments in Broadway and I am about to put in an offer. Is it too early to have a solicitor in place? I will be getting a mortgage with Skipton.
It would be wise to start your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their details on to the selling agent. Given that you are taking out a mortgage with Skipton, ask your prospective lawyers if they are on the Skipton conveyancing panel otherwise they can't do the mortgage legal work.
Bank of Ireland have agreed my home loan in principle, my offer on a flat in Broadway has been agreed to, what happens next?
Your property agent will want to know who your solicitors are (be sure the lawyers are on the bank’s approved list). Call up Bank of Ireland or the broker and finalise any outstanding forms. Bank of Ireland will sellect a valuer who will get in contact with the estate agent or vendor to book a slot for the valuation to happen. Once conducted (assuming no problems) it takes on average a fortnight to get a mortgage offer. Bank of Ireland will send the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Broadway.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Broadway?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Broadway. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Would local authority consent be required to split a house into two flats in Broadway? This has taken place to a house opposite to my home in Broadway and was unaware of it happening until it was done.
Planning consent is necessary for converting a single house in Broadway into flats but probably not for reverting once again to single dwelling-house so, in answer to your question, yes,a it is needed.