I own a freehold residence in West Thurrock but still pay rent, why is this and what is this?
It’s unusual for properties in West Thurrock and has limited impact for conveyancing in West Thurrock 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 new rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in West Thurrock. My lender is The Mortgage Works
The Mortgage Works have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 17/3/2023, the requirements read as follows :
I used Arc property Solicitors several years past for my conveyancing in West Thurrock. I now require my file however the law firm is no longer operating. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in West Thurrock of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I opted to have a survey done on a property in West Thurrock in advance of appointing solicitors. I have been informed that there is a flying freehold element to the property. My surveyor advised that some mortgage companies may not grant a mortgage on a flying freehold premises.
It depends who your proposed lender is. Bank of Scotland has different requirements from Birmingham Midshires. If you call us we can check via 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 West Thurrock. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in West Thurrock to see if the conveyancing costs will increase in light of this.
What does commercial conveyancing in West Thurrock cover?
West Thurrock conveyancing for business premises covers a broad array of advice, provided by regulated solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.
My uncle has suggested that I instruct his lawyers for conveyancing in West Thurrock. Should I use them?
Much as we are happy to recommend a West Thurrock conveyancing lawyer the best way to select a conveyancing practitioner is to get recommendations from friends or relatives who have previously instructed the conveyancer that you are considering.