I own a freehold premises in Sittingbourne yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Sittingbourne and has limited impact for conveyancing in Sittingbourne 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 hundreds of years, but the Rent Charge Act 1977 barred the establishment of new rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
Should commercial conveyancing searches reveal proposed roadworks that could impact a commercial property in Sittingbourne?
Many commercial conveyancing solicitors in Sittingbourne will conduct a SiteSolutions Highways report as it reduces the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in Sittingbourne. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Sittingbourne.
For every commercial conveyancing transaction in Sittingbourne it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately can result in delays to Sittingbourne commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not ordered for residential conveyancing in Sittingbourne.
How does conveyancing in Sittingbourne differ for new build properties?
Most buyers of new build residence in Sittingbourne approach us having been asked by the seller to sign contracts and commit to the purchase even before the property is completed. This is because house builders in Sittingbourne usually purchase the land, 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 conveyancers 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 Sittingbourne or who has acted in the same development.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in a fortnight ago in what should have been a simple, no chain conveyancing. Sittingbourne is where the house is located. What do you suggest?
Flying freeholds in Sittingbourne are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Sittingbourne you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Sittingbourne 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 property.
Do I need to be wary by third parties that I am dealing with are recommending an online conveyancing firm rather than a local Sittingbourne conveyancing firm?
As with many professional services, often input from family and friends can be very helpful. Nevertheless there are lots of players in a conveyancing transaction; estate agents, financial adviser and banks may recommend conveyancers to select. On occasion these solicitors might be known to one of the organisations as one of the best in their field, but occasionally there might be a financial incentive behind the recommendation. You have the discretion to select your preferred conveyancer. You need to be aware that most lenders specify a panel list of lawyers you must use for the mortgage related work in your transaction.
I am using a search engine for the term conveyancing in Sittingbourne it brings up many conveyancerslocally. With so much choice what is the best way to find the suitable solicitor for purchase transaction?
The best method of choosing a suitable conveyancer is via trusted testimonial, so seek the opinion of colleagues and relatives who have purchased a property in Sittingbourne or a reputable estate agent or mortgage broker. Charges for conveyancing in Sittingbourne differ, so it's sensible to request a minimum of three fee estimates from varying types of property lawyers. Dont forget to clarify that the charges are assured not to to be inflated.