I own a freehold property in Bispham but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Bispham and has limited impact for conveyancing in Bispham 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.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
I am in the process of remortgaging my flat in Bispham, does my lawyer have to be on the Virgin Money Solicitor panel?
There is nothing to stop you using your solicitor, but Virgin Money will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
I have justdiscovered that Action Conveyancing have been shut down. They conducted my conveyancing in Bispham for a purchase of a leasehold flat 18 months ago. How can I check that my home is in my name in the name of the former proprietor?
The quickest way to check if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Bispham conveyancing specialists.
How does conveyancing in Bispham differ for newly converted properties?
Most buyers of new build property in Bispham come to us having been asked by the seller to exchange contracts and commit to the purchase even before the property is ready to move into. This is because house builders in Bispham tend to buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Bispham or who has acted in the same development.
I am a sole trader intending to lease a unit on a shopping parade. Can you recommend solicitors offering competitive fees for non-domestic conveyancing in Bispham for below £2000?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Bispham, including the sale and acquisition of businesses as well as simply premises. If you are looking to purchase or dispose of a shop, pub, restaurant, office, retail unit or a whole business we will find you the right solicitor. Regarding the fees this will depend on the structure and complexity of the deal. Please provide us with your details or phone so as to enable us to supply you with comprehensive commercial conveyancing calculation.
Is it the case that all Bispham solicitors on every bank conveyancing panel?
You can use our search tool or you can drop into your local lender branch in Bispham. the probability is that they will be in a position to recommend some reputable conveyancing solicitors in Bispham