I purchased a freehold premises in Bessacarr but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Bessacarr and has limited impact for conveyancing in Bessacarr 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 creation of fresh 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 in 2037 will be dispensed with completely.
My Solicitor in Bessacarr has never been on on the Coventry Building Society Conveyancing Panel. Can I still continue with my prefered solicitor even though they are excluded from the Coventry Building Society panel?
The limited options available to you here include:
- Complete the purchase with your preferred Bessacarr solicitors but Coventry Building Society will need to retain a conveyancer on their panel. This will result in additional overall legal fees as well as result in delays.
- Get a new lawyer to to deal with the conveyancing, obviously checking they are Convince your lawyer to use their best endeavours to join the Coventry Building Society conveyancing panel
Are there restrictive covenants that are commonly identified during conveyancing in Bessacarr?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Bessacarr. 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 decided to have a survey carried out on a property in Bessacarr before appointing solicitors. I have been informed that there is a flying freehold aspect to the property. Our surveyor advised that some banks will not give a loan on this type of premises.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Nationwide. If you e-mail us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Bessacarr. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Bessacarr to see if the conveyancing costs will increase in light of this.
As co-executor for the will of my father I am disposing of a property in Cardiff but reside in Bessacarr. My solicitor (based 200 miles awayrequires that I sign a stat dec prior to the transaction finalising. Can you recommend a conveyancing practitioner in Bessacarr to attest this legal document for me?
Technically speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will suffice regardless of whether they are Bessacarr based
There are numerous houses in Bessacarr on private lanes. My partner and I are purchasing one such house. What are the pros and cons of purchasing a property on a privately owned road?
Bessacarr conveyancing firms are familiar with dealing houseson private. The lawyer should review the Land Registry data to identify any rights or liabilities. It is possible that there is a residents association that proprietors make annual contributions for the upkeep of the road. If one exists, the road should be maintained and look better than council adopted.