I own a freehold residence in Rudry but nevertheless invoiced for rent, why is this and what is this?
It is rare for properties in Rudry and has limited impact for conveyancing in Rudry 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 creation of new rentcharges from 1977 onwards.
Previous 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 dispensed with completely.
i am purchasing my first flat in Rudry with the aid of help to buy. The builders would not move on the amount so I negotiated 6k of fixtures and fittings instead. The estate agent advised me not to tell my lawyer about the deal as it could jeopardize my mortgage with the lender. Is this normal?.
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.
Hoping to buy a property located in Rudry and I am already nervous. I couldn't find anything specific about Rudry. Conveyancing will be needed in due course but do you know about the Rudry area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Rudry. In the meantime here are some basic statistics that we found