I own a freehold property in Crowland but still invoiced for rent, why is this and what is this?
It’s unusual for properties in Crowland and has limited impact for conveyancing in Crowland 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 fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
Will my conveyancing lawyers need to check that the building insurance when buying a house in Crowland. My lender is The Mortgage Works
The Mortgage Works have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 20/12/2024, the requirements read as follows :
My friend recommended that where I am purchasing in Crowland I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes included in the estimate for your Crowland conveyancing searches. It is not a small report of more than thirty pages, listing and detailing significant information about Crowland around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Crowland Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful information regarding Crowland.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Crowland?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Crowland. 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…’
Due to the input of my in-laws I had a survey completed on a house in Crowland before appointing solicitors. I have been advised that there is a flying freehold aspect to the property. My surveyor advised that some mortgage companies tend not grant a loan on such a house.
It varies from the lender to lender. Bank of Scotland has different requirements from Halifax. Should you wish to telephone us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Crowland. Conveyancing may be slightly more expensive based on your lender's requirements.
I am using a search engine for the phrase cheap conveyancing in Crowland it shows results of many property lawyersin the area. How do I determine which is the right property lawyer for the sale of my house?
The preferential method of choosing the right conveyancer is via personal testimonial, so enquire of friends and those you trust who have acquired a property in Crowland or the respected estate agent or mortgage broker. Fees for conveyancing in Crowland vary, so it's advisable to secure at least three estimates from different companies. Dont forget to clarify that the fees are fixed.