I am the registered owner of a freehold property in Bacup but nevertheless charged rent, why is this and what is this?

It’s unusual for properties in Bacup and has limited impact for conveyancing in Bacup 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 establishment of new rentcharges post 1977.

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

Is there a search tool that I can utilise to find out if the solicitor handling my conveyancing in Bacup is on the bank’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Halifax thus paying £187.00 plus VAT in another set of conveyancing invoice.

Please do make the most of the find a lender approved solicitor tool on this site. Pick the lender and type ‘Bacup’ or your preferred area and you will see numerous solicitors offices in Bacup or nearest you.

I require quick conveyancing in Bacup as I have a deadline to exchange contracts within one month. Luckily I do not require a mortgage. Is it possible to decline from having conveyancing searches to save fees and time?

As you are are a cash purchaser you are at free not to do searches although no solicitor would suggest that you don't. With lots of history conveyancing in Bacup the following are examples of issues that can appear and adversely affect future saleability: Enforcement Actions, Outstanding Fees, Overdue Grants, Unadopted Roads,...

I am buying a new build house in Bacup with a mortgage from Accord Mortgages Ltd. The builders refused to reduce the price so I negotiated £7000 of fixtures and fittings instead. The sale representative told me not disclose to my conveyancer about the side-deal as it would impact my loan with Accord Mortgages Ltd. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

I need to instruct a conveyancing solicitor for my conveyancing in Bacup. I have chance upon a site which appears to be the perfect answer If it is possible to get all this stuff completed via email that would be ideal. Should I be concerned? What are the potential pitfalls?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?