I own a freehold property in Arkley but nevertheless pay rent, why is this and what is this?

It is rare for properties in Arkley and has limited impact for conveyancing in Arkley 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 creation of new rentcharges post 1977.

Previous 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 wanted to use a conveyancing solicitor in Arkley for our house purchase. Our financial adviser informed us that our mortgage company Chelsea Building Society won't deal with them. Why is this not regarded as unfair competition?

Lenders on the whole restrict either the category or the volume of conveyancing practices on their panel. Typical examples of such restriction(s) being that a firm must have two or more partners. As well as restricting the profile of firm, a few lenders have reduced the number of firms they allow to represent them. Be aware that Chelsea Building Society have no responsibility for the quality of advice provided by any member of Chelsea Building Society Conveyancer Panel. Mortgage fraud was a primary driver in the reduction of solicitor panels a few years ago even though there are mixed views regarding the level of solicitor involvement in some of that fraud. Figures from the Land Registry reveal that hundreds of law firms, including some in or near Arkley only conduct very few conveyances a year.

I require quick conveyancing in Arkley as I am under an ultimatum to sign on the dotted line in less than one month. Luckily I do not require a mortgage. Is it possible to decline from having conveyancing searches to save fees and time?

If.Given you are not taking a home loan you are at free not to do searches although no conveyancer would advise that you don't. Drawing on our experience of conveyancing in Arkley the following are examples of what can be revealed and adversely affect future saleability: Enforcement Actions, Outstanding Charges, Outstanding Grants, Railway Schemes,...

How easy is it to transfer to a new firm as I have to appoint a firm on the Coventry Building Society conveyancing panel. I was using a local conveyancing solicitor in Arkley round the corner but the firm is not approved by Coventry Building Society

It would be our pleasure to help you select a conveyancing solicitor in Arkley on the Coventry Building Society panel. Please note that the conveyancers that we work with do not pay us a referral fee if you instruct them and are regulated by the SRA who regulate all conveyancing solicitors in Arkley. Using search facility on this site, you can compare costs for conveyancing solicitors in Arkley and throughout England and Wales.

I am on look out for some leasehold conveyancing in Arkley. Before I get started I require certainty as to the unexpired term of the lease.

Assuming the lease is registered - and most are in Arkley - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

I have given up seeking a lease extension in Arkley. Can the Leasehold Valuation Tribunal adjudicate on premiums?

You certainly can. We can put you in touch with a Arkley conveyancing firm who can help.

An example of a Lease Extension matter before the tribunal for a Arkley flat is Ground Floor Maisonette 17 Milton Road in January 2014. The Tribunal determined the premium payable by the Applicant to the should be £13,299 This case affected 1 flat. The unexpired lease term was 71.73 years.