I am nearing an exchange on a property in Wool and my parents have sent the exchange deposit to my lawyer. I am now advised that as the deposit has not come from me my solicitor needs to disclose this to my lender. I am advised that, in also acting for the bank he must advise them that the balance of the purchase price is not just from me. I informed the lender regarding my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?
The solicitor is legally required to clarify with lender to ensure that they know that the balance of the purchase price is not from your own resources. Your solicitor can only report this to your bank if you agree, failing which, your lawyer must cease to continue acting.
I am the registered owner of a freehold house in Wool but still invoiced for rent, why is this and what is this?
It is rare for properties in Wool and has limited impact for conveyancing in Wool 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 new 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 extinguished.
Will my conveyancing lawyers need to check that the building insurance when buying a house in Wool. My lender is Accord Mortgages
Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 11/5/2026, the requirements read as follows :
My wife and I purchased a semi-detached Georgian house in Wool. Conveyancing lawyer represented me and Leeds Building Society. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, another for leasehold with the matching address. I thought I was buying a freehold how can I check?
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Wool and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the situation with the conveyancing practitioner who conducted the purchase.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on a fortnight ago in what was supposed to be a simple, chain free conveyancing. Wool is the location of the property. Can you shed any light on this issue?
Flying freeholds in Wool are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Wool you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Wool 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 premises.
Expecting to complete next month on a studio apartment in Wool. Conveyancing lawyers inform me that they are sending me a report on Monday. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Wool should include some of the following:
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Does the lease prevent you from letting out the flat, or working from home Does the lease require carpeting throughout thus preventing wood flooring? Responsibility to repair and maintain the main walls and foundations. It is important that you know who is duty bound to repair and maintenance of every part of the building You must be told what constitutes a Nuisance in the lease
Leasehold Conveyancing in Wool - Sample of Questions you should ask Prior to buying
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What is the service charge and ground rent on the property? Many Wool leasehold flats will incur a service charge for maintenance of the building levied by the freeholder. Should you purchase the apartment you will have to meet this contribution, usually quarterly throughout the year. This could be anything from a couple of hundred pounds to thousands of pounds for blocks with lifts and large common grounds. In all probability there will be a ground rent to be met annual, normally this is not a significant figure, say about £25-£75 but you should to enquire it because sometimes it could be surprisingly expensive. Best to be warned whether redecorating or some other major work is coming up that will be shared amongst the leasehold owners and could well dramatically impact the level of the service charges or necessitate a one time invoice.