I own a freehold house in Narborough but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Narborough and has limited impact for conveyancing in Narborough 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 establishment of fresh rentcharges post 1977.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
Will my conveyancing lawyers need to check that the building insurance when buying a house in Narborough. My lender is Platform
Platform have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 18/6/2025, the requirements read as follows :
This question may be naive but I am unseasoned as FTB of a two bedroom flat in Narborough. Do I receive the keys to the property on completion from my conveyancer? If so, I will use a local conveyancing solicitor in Narborough?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will transfer the completion advance to the owner’s conveyancers, and once they have received this, you will be called to collect the keys from the property Agents and start moving into the property. This tends to happen early afternoon.
Are all Narborough Conveyancing Quality Solicitors on the Nationwide conveyancing list of approved practices?
It is true that some banks and building societies now utilise CQS as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS membership however gives no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for solicitor practices wishing to join their approved list of conveyancing solicitors.
is it true that all Narborough conveyancing solicitors on the Principality conveyancing panel are overseen by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Principality conveyancing panel they would need to be overseen by the Solicitors Regulatory Authority. The majority of banks do permit licenced conveyancers on their panel in which case such organisation would be overseen by the CLC.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a quick, chain free conveyancing. Narborough is the location of the property. Is there any guidance you can impart?
Flying freeholds in Narborough are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Narborough 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 Narborough may decide 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 property.
Am I better off to appoint a Narborough conveyancing lawyer in close proximity to the house I am buying? An old friend can deal with the conveyancing however they are based a couple of hundredkilometers away.
The primary upside of using a local Narborough conveyancing practice is that you can drop in to sign documents, deliver your ID and apply pressure on them if necessary. They will also have local insight which is a bonus. However nothing is more important than finding someone that will do a good and efficient job. If you know people who instructed your friend and the majority were content that should outweigh using an unfamiliar Narborough conveyancing lawyer just because they are local.
I am looking at a two apartments in Narborough both have in the region of fifty years unexpired on the lease term. Should I regard a short lease as a deal breaker?
A lease is a legal document that entitles you to use the property for a period of time. As the lease shortens the saleability of the lease deteriorates and results in it becoming more costly to extend the lease. For this reason it is often a good idea to extend the lease term. Sometimes it is difficulties arise selling premises with a short lease because mortgage companies may be reluctant to lend money on such properties. Lease enfranchisement can be a difficult process. We recommend you get professional assistance from a solicitor and surveyor with experience in this area.
I am the registered owner of a garden flat in Narborough, conveyancing was carried out in 2008. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Narborough with a long lease are worth £176,000. The average or mid-range amount of ground rent is £50 levied per year. The lease terminates on 21st October 2105
You have 80 years left to run we estimate the premium for your lease extension to range between £7,600 and £8,800 as well as legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply the actual costs in the absence of detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first getting professional advice.