I am the registered owner of a freehold house in Benson yet charged rent, why is this and what is this?
It’s unusual for properties in Benson and has limited impact for conveyancing in Benson 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 have existed for hundreds of years, 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 will be dispensed with completely.
I require quick conveyancing in Benson as I am faced with a deadline to exchange contracts inside one month. A home loan is not required. Can I escape the need for conveyancing searches to save fees and time?
As you are not getting a home loan you are at liberty not to do searches although no law firm would advise that you don't. With plenty of history conveyancing in Benson the following are instances of what can arise and therefore affect the marketability of the property: Refused Planning Applications, Outstanding Fees, Outstanding Grants, Railway Schemes,...
Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what should have been a quick, chain free conveyancing. Benson is the location of the property. What do you suggest?
Flying freeholds in Benson are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Benson you must be sure that your lawyer goes 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 Benson 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 best advised to use a Benson conveyancing solicitor in close proximity to the house I am buying? We have a good friend who can conduct the legal work but his firm is located approximately 350kilometers away.
The benefit of a local Benson conveyancing firm is that you can drop in to sign paperwork, deliver your identification documents and pester them if necessary. Having local Benson know how is a benefit. However it's more important to get someone that will do a good and efficient job. If other friends have used your friend and the majority were happy that should outweigh using an unfamiliar Benson conveyancing solicitor just because they are based in the area.
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the lender conveyancing panel. My lawyer has said that they are on the mortgage company approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the bank conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the bank solicitor panel.