I am the registered owner of a freehold residence in Moulton yet charged rent, why is this and what is this?
It’s unusual for properties in Moulton and has limited impact for conveyancing in Moulton 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 many centuries, but the Rent Charge Act 1977 barred the generation of new rentcharges post 1977.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
About to place a bid on a leasehold property in Moulton. The estate agents say that it is usual for flats in Moulton to have less than 75 years remaining. I am taking out a mortgage with Chelsea Building Society. Is this going to be acceptable if the lease has Seventy One years to go.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 11/6/2025 the requirements read as follows :
I happen to be the sole recipient of my late grandmother’s estate and I have everything in my name alone, including the house in Moulton. The Moulton property was put into my name in May. I want to move. I understand that there is a CML 6 month 'rule', meaning my proprietorship may be considered the same way as if I'd bought the house in May. Is the property unsalable for six months?
The CML handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be affected by that. many lenders would take a practical view as this requirement principally exists to capture subsales or the wholesaling and assigning of properties.
Last month we had a mortgage agreed in principle with Virgin Money. Moulton conveyancing solicitors have been appointed. How long does it take for Virgin Money to issue the offer to the conveyancing practitioner?
There is no definitive answer here. Have Virgin Money done the survey? Have you advised Virgin Money as to your lawyers' details and checked that your lawyers are on the Virgin Money conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I am currently in the process of buying my council flat in Moulton. I have a mortgage agreed with Bank of Ireland. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Bank of Ireland, you will need to appoint a solicitor on the Bank of Ireland conveyancing panel.
It has been 2 months since my purchase conveyancing in Moulton took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in a fortnight ago in what was supposed to be a quick, no chain conveyancing. Moulton is where the house is located. Can you shed any light on this issue?
Flying freeholds in Moulton are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Moulton you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Moulton may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
How do I use the search app to select a conveyancing practitioner in Moulton on the approved list for my lender?
Step one is to select a mortgage company such as HSBC Bank, Norwich and Peterborough Building Society or Barclays Direct then specify your preferred area for example Moulton. Conveyancing organisations in Moulton and beyond should be listed.