I own a freehold residence in Needham Market yet pay rent, why is this and what is this?
It’s unusual for properties in Needham Market and has limited impact for conveyancing in Needham Market 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.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Needham Market. My lender is Bank of Ireland
Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 29/9/2025, the requirements read as follows :
The deeds to my home can not be found. The lawyers who did the conveyancing in Needham Market 4 years ago are no longer around. What do I do?
Assuming you have a registered title the details of your ownership will be held by the Land Registry with a Title Number. It is possible to conduct a search at the Land Registry, identify your property and order up to date copies of the Registered Entries for a small fee. If the title is Leasehold then the Land Registry will also normally retain a file duplicate of the Registered Lease and again, a copy can be obtained for £20 inclusive of VAT.
I am buying my first flat in Needham Market with the aid of help to buy. The builders would not move on the amount so I negotiated £7000 of additionals instead. The sale representative advised me not disclose to my solicitor about this extras as it will put at risk my mortgage with Halifax. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
In sourcing the web for the words conveyancing in Needham Market it shows results of numerous conveyancersin the area. With so much choice what is the best way to find the suitable property lawyer for the sale of my house?
The best way of finding the right conveyancer is via personal testimonial, so enquire of friends and relatives who have bought a property in Needham Market or the local estate agent or financial adviser. Costs for conveyancing in Needham Market differ, so it's sensible to obtain at least three costs illustrations from varying types of conveyancers. Make sure that you clarify what costs in the quote includes.
I am hoping to put an offer on a small detached house that seems to meet my requirements, at a reasonable price which is making it all the more appealing. I have since been informed that the title is leasehold as opposed to freehold. I would have thought that there are particular concerns purchasing a house with a leasehold title in Needham Market. Conveyancing advisers have are about to be instructed. Will my lawyers set out the implications of buying a leasehold house in Needham Market ?
Most houses in Needham Market are freehold rather than leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area can assist with the conveyancing process. it is apparent that you are purchasing in Needham Market in which case you should be shopping around for a Needham Market conveyancing practitioner and check that they are used to dealing with leasehold houses. First you will need to check the unexpired lease term. As a tenant you will not be at liberty to do whatever you want with the house. The lease will likely included provisions for example obtaining the landlord’spermission to carry out changes to the property. You may also be required to pay a service charge towards the upkeep of the communal areas where the house is part of an estate. Your solicitor will appraise you on the various issues.