I purchased a freehold house in Repton yet pay rent, why is this and what is this?

It is rare for properties in Repton and has limited impact for conveyancing in Repton 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 establishment of new rentcharges post 1977.

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

We wish to acquire a newbuild flat in Repton with a mortgage from .We use our Repton conveyancing lawyer but advised that his firm is not listed on their "panel". We have to appoint a panel lawyer or retain our high street solicitor and fork out for one of their panel ones to act for them. We feel as though this is unjust; is there anything we can do?

Unfortunately,no. The loan issued to you contains terms and conditions, a common one being that solicitors will be on the approved list. in the past, most banks had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for

What will a local search reveal about the property my wife and I buying in Repton?

Repton conveyancing often starts with the ordering local authority searches directly from your local Authority or through a personal search company for example Xpress Legal The local search plays a central part in many a Repton conveyancing purchase; as long as you wish to avoid any nasty surprises after you move into your new home. The search should provide information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject areas.

I acquired my house on 4 June and the transaction details is yet to be registered. Should I be concerned? My conveyancing solicitor in Repton expressed confidence that it would be concluded in less than a month. Are titles in Repton particularly slow to register?

There is nothing unique about conveyancing in Repton registration formalities. Rather than based on location, timeframes can vary according to the party submitting the application, whether there are errors and if the Land registry communicate with any third persons or bodies. At present roughly three quarters of such applications are fully addressed within 12 days but occasionally there can be protracted hold-ups. Registration is effected after the purchaser is living at the property therefore 'speed' is not typically an essential issue but where there is a degree of urgency associated with the registration then you or your solicitor can communicate with the Registry to express the reasoning for an expedited registration.

The estate agent has sent us the confirmation of our purchase of a new build flat in Repton. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.

Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Repton

Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please confirm the Lease plans are surveyor prepared. Please supply a car parking plan.