I purchased a freehold premises in Harrold but still pay rent, why is this and what is this?
It is rare for properties in Harrold and has limited impact for conveyancing in Harrold 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 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 post 2037 will be dispensed with completely.
We're in Harrold, FTBs purchasing with a mortgage (lender is Nationwide , and our solicitor is on the Nationwide conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Nationwide conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Various online forums that I have come across warn that are the number one cause of hinderance in Harrold house deals. Is this right?
The Council of Property Search Organisations (CoPSO) published conclusions of a review by MoveWithUs that conveyancing searches do not feature within the top 10 causes of delays in the conveyancing process. Searches are not likely to be the root cause of slowing down conveyancing in Harrold.
Are there restrictive covenants that are commonly identified during conveyancing in Harrold?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Harrold. 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 am looking to sell my house. My previous lawyers closed down. I am in need of a recommendation of a conveyancing firm. Im based in Harrold if that makes a difference.
Please use our search tool to help you find a solicitor for your conveyancing in Harrold. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
My brother has suggested that I appoint his conveyancing solicitors in Harrold. Do I follow his guidance?
Much as we are happy to recommend a Harrold conveyancing lawyer the best way to select a conveyancing lawyer is to get recommendations from friends or relatives who have actually experience in using the solicitor that you are contemplating using.