I own a freehold premises in Burbage but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Burbage and has limited impact for conveyancing in Burbage 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 hundreds of years, 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 after 2037 is to be extinguished.
Is there a search tool that I can use to find out if the solicitor carrying out my conveyancing in Burbage is on the bank’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Lloyds TSB Bank thus spending £175.00 in another set of legal fees.
Feel free to take advantage of the search tool on this web page. Pick the mortgage company and type ‘Burbage’ or your preferred area and you will see a number of lawyer offices in Burbage or near you.
What will a local search reveal about the house we're purchasing in Burbage?
Burbage conveyancing often starts with the submitting local authority searches directly from your local Authority or through a personal search organisations such as Searchflow The local search is essential in every Burbage conveyancing purchase; that is if you wish to avoid any unpleasant surprises after you move into your new home. The search will provide data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic sections.
How does conveyancing in Burbage differ for newly converted properties?
Most buyers of new build property in Burbage come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is built. This is because builders in Burbage usually purchase the real estate, 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 property lawyers 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 Burbage or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a property in Burbage before retaining solicitors. I have been told that there is a flying freehold element to the property. The surveyor advised that some mortgage companies will refuse to issue a mortgage on a flying freehold home.
It varies from the lender to lender. HSBC has different requirements for example to Birmingham Midshires. If you call us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Burbage. Conveyancing will be smoother if you use a solicitor in Burbage especially if they are acquainted with such properties in Burbage.
I need to instruct a conveyancing solicitor in Burbage for my house move. Is it possible to review a firm’s complaints history with the legal regulator?
One may find documented Solicitor Regulator Association (SRA) determinations stemming from investigations commenced on or after 1 January 2008. Visit Check a solicitor's record. For information Pre 2008, or to check a solicitors record, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, dial +44 (0)121 329 6800. The SRA may recorded call for training reasons.