I purchased a freehold property in Broxbourne yet charged rent, why is this and what is this?
It’s unusual for properties in Broxbourne and has limited impact for conveyancing in Broxbourne 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 fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
I am purchasing a right to buy a flat in Broxbourne. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Broxbourne you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Broxbourne.
We have a mortgage agreed in principle with Principality. Broxbourne conveyancing practitioners were instructed. What is the average time that one could expect to receive a mortgage offer from Principality?
There is no definitive answer here. Have Principality conducted the valuation? Have you informed Principality as to your lawyers' details and checked that your lawyers are on the Principality conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I'm spending time looking at apartments in Broxbourne and I am about to put in an offer. Is it best to have my conveyancing practitioner on ‘stand by’? I intend to finance via a home loan with HSBC.
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 pass their contact information on to the estate agent. Given that you are obtaining a mortgage with HSBC, ask your prospective lawyers if they are on the HSBC conveyancing panel otherwise they can't do the mortgage legal work.
My offer was accepted on an apartment in Broxbourne on 13/5/2026, valuation was booked 4 days later, all came back fine. Solicitor appointed, so the only thing outstanding was my mortgage offer. Having made daily calls to Bank of Ireland and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Bank of Ireland conveyancing panel. Are Bank of Ireland entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Bank of Ireland to deal with your lawyer's application to be on the Bank of Ireland conveyancing panel. There's no guarantee that your solicitor will be accepted.
I've recently found out that there is a flying freehold issue on a property I have offered on a fortnight ago in what was supposed to be a straight forward, chain free conveyancing. Broxbourne is the location of the property. Can you offer any assistance?
Flying freeholds in Broxbourne are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Broxbourne you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Broxbourne may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
What advice can you give us when it comes to appointing a Broxbourne conveyancing firm to deal with our lease extension?
When appointing a conveyancer for your lease extension (regardless if they are a Broxbourne conveyancing practice) it is most important that they be familiar with the legislation and specialises in this area of conveyancing. We recommend that you speak with two or three firms including non Broxbourne conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be helpful:
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Can they put you in touch with clients in Broxbourne who can give a testimonial? If the firm is not ALEP accredited then why not?
I inherited a ground floor flat in Broxbourne, conveyancing was carried out in 2001. How much will my lease extension cost? Equivalent flats in Broxbourne with a long lease are worth £201,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease runs out on 21st October 2091
With just 65 years left to run the likely cost is going to range between £13,300 and £15,400 as well as legals.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure without more comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first getting professional advice.
Please can you refer me to a lawyer for conveyancing in Broxbourne (or within close proximity)? This is for lease extension.We had one lined up but just found out that are not on the panel for Clydesdale.
The purpose of this site is limited to being a directory service for conveyancing practitioners who want to be listed as being on the approved conveyancing panel for Clydesdale in certain areas such as Broxbourne . Our intention is not to recommend any particular property lawyer.