I am the registered owner of a freehold residence in Ossett but nevertheless pay rent, why is this and what is this?

It’s unusual for properties in Ossett and has limited impact for conveyancing in Ossett 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 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 lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.

Please explain the implications if my solicitor is suspended from the Barclays Solicitor panel ahead of completing my conveyancing in Ossett?

First, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.

What will a local search inform me regarding the property we're purchasing in Ossett?

Ossett conveyancing often starts with the ordering local authority searches directly from your local Authority or through a personal search organisations for example Xpress Legal The local search plays a central part in many a Ossett conveyancing purchase; that is if you wish to avoid any unpleasant once you have moved into your new home. The search will provide data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic headings.

I've recently found out that there is a flying freehold issue on a house I put an offer in two weeks back in what was supposed to be a straight forward, no chain conveyancing. Ossett is where the house is located. What do you suggest?

Flying freeholds in Ossett are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Ossett you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ossett may decide 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.

I'm going to be buying a flat very soon in Ossett. I will need a Ossett conveyancing solicitor. The family lawyer is based in Jersey and unable to assist.Is it possible for you to suggest a trustworthy Ossett conveyancer that would help us as well as represent Skipton?

LenderPanel.com is restricted to being a directory service for lawyers who wish to be listed as being on the approved conveyancing panel for Skipton in certain locations such as Ossett . Our intention is not to recommend any specific conveyancer.