I am the registered owner of a freehold premises in Fulwell but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Fulwell and has limited impact for conveyancing in Fulwell 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 extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Fulwell. My lender is Virgin
Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 28/4/2025, the requirements read as follows :
How does conveyancing in Fulwell differ for new build properties?
Most buyers of new build or newly converted property in Fulwell contact us having been asked by the builder to exchange contracts and commit to the purchase even before the house is built. This is because house builders in Fulwell typically purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Fulwell or who has acted in the same development.
I have been recommended by three or four local selling agents in Fulwell to choose a property lawyer on your site. Is there a financial upside for Estate Agents to market your site over alternative conveyancing organisations?
We don’t give any financial incentive for pointing buyers and sellers to this site. We thought it would be too underhand to pay a commission as home movers will think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
My husband and I are FTB’s - had an offer accepted, yet the agent advised that the owners will only go ahead if we instruct their preferred solicitors as they want an ‘expedited deal’. Our preferred option is to instruct a local conveyancer accustomed to conveyancing in Fulwell
It is unlikely the sellers are driving this. If they require ‘a quick sale', turning down a genuine purchaser is not the way to achieve this. Contact the sellers directly and make the point that (a)you are motivated purchasers (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)however you intend to appoint your own,trusted Fulwell conveyancing firm - not the ones that will earn their estate agent a introducer fee or meet his conveyancing targets demanded by senior management.
I am contemplating appointing a web based conveyancer ahead of a Fulwell conveyancing practice. Should I ‘stay local’?
There are advantages of being able to visit a local Fulwell conveyancing solicitor such as
- signing papers on short notice
- having one on one explanations of matters that you need help with
- the ability to raise concerns if matters need to addressed
When comparing estimates, look carefully for hidden extras. Most decent Fulwell high street solicitors give an all-inclusive price. Many online agents seem to offer discounted fees, yet have burried 'extras' in the small print.