I purchased a freehold residence in Aberdaron but nevertheless charged rent, why is this and what is this?

It’s unusual for properties in Aberdaron and has limited impact for conveyancing in Aberdaron 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 establishment of new rentcharges from 1977 onwards.

Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.

We are expecting a mortgage offer soon. The lender mentioned the home loan came with free conveyancing. Is the implication that I have to appoint their panel conveyancer as I would much rather use a high street conveyancing solicitor in Aberdaron?

You should check but the the likelihood is that appoint one of their panel conveyancers where you take up the "fee-free" offer. Contact the lender and determine if they offer you a cash alternative. In the past a few lenders offered a £250 cashback as a further option in which case you could put that amount towards the cost for your conveyancing solicitor in Aberdaron.

Just bought a terraced house in Aberdaron , What is the estimated time for the Land Registry to record the transfer to my name? My Aberdaron conveyancing solicitor works at snail pace, so I want to be certain that my purchase is recorded.

There is nothing unique when it comes to conveyancing in Aberdaron registration formalities. As opposed to being determined by geographic area, timescales can differ according to the party submitting the application, whether there are errors and whether the Land registry need to notify any third parties. As of today roughly 80% of submission are fully dealt with within 12 days but occasionally there can be longer hold-ups. Registration takes place after the purchaser is living at the premises thus 'speed' is not always primary concern yet where there is a degree of urgency associated with the registration then you or your solicitor could communicate with the Registry to express the reasoning for the application to be prioritised.

Yesterday I discovered that there is a flying freehold issue on a property I put an offer in last month in what was supposed to be a straight forward, chain free conveyancing. Aberdaron is where the house is located. Can you offer any opinion?

Flying freeholds in Aberdaron are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Aberdaron you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Aberdaron 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 premises.

What tools are available to identify a Aberdaron law firm on the Barclays conveyancing panel? I am a keen cyclist and am happy to travel upto 20kilometers to meet the solicitor.

Feel free to make use of the facility on this website. Please pick a mortgage company and your location and you will see a number of Aberdaron conveyancing lawyers based on proximity. We have listed some Aberdaron conveyancing firms towards the end of this page and you can telephone them to check whether they are on the Barclays approved list