I own a freehold premises in Red Lodge but nevertheless pay rent, why is this and what is this?

It is rare for properties in Red Lodge and has limited impact for conveyancing in Red Lodge 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 generation of fresh rentcharges post 1977.

Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.

My lender has recommended solicitors on their panel based in Red Lodge but I would rather use a conveyancing lawyer in Red Lodge or nearer to where I live. Are you able to help?

It is by no means the case that all Red Lodge conveyancing practices are on all lender’s conveyancing panel. Use our search tool to identify a Red Lodge conveyancing solicitor on the on the lender panel.

Are there restrictive covenants that are commonly picked up as part of conveyancing in Red Lodge?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Red Lodge. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

I need to instruct a conveyancing solicitor for purchase conveyancing in Red Lodge. I happened to land on a site which seems to have the ideal solution If there is a chance to get all the legals completed via phone that would be preferable. Do I need to be wary? What should out be looking out for?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?

22 days into purchasing a property in Red Lodge. Conveyancing lawyer has called to say the property is "Leasehold". Will this likely make a difference on the marketability of the house?

Red Lodge conveyancing does not ordinarily involve leasehold houses. The key consideration here is the length of lease and the ground rent. If it's 999 years with a peppercorn rent, it's essentially freehold, so it’s unlikely to impact the saleability too much.

At the other extreme, if it's, say, fifty five years it is bound to have a material impact on the saleability, and probably wouldn't be acceptable to the lender. The length of lease and ground rent will be set out in the lease provided to your .