I was advised recently by my broker that my Barlaston and Tittensor the law firm I have appointed is not on the lender Solicitor panel. How can I be sure if this is correct?

Your first step should be to contact your Barlaston and Tittensor conveyancer. You lawyer should advise you of the situation. If they are not on the panel they may recommend you to a Barlaston and Tittensor conveyancing practice that is on the conveyancing panel for your lender.

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

It’s unusual for properties in Barlaston and Tittensor and has limited impact for conveyancing in Barlaston and Tittensor 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 post 2037 will be extinguished.

Do I need to visit the offices of the solicitor to execute the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Barlaston and Tittensor so that I can attend their offices if necessary.

As opposed to 12 years ago, most lenders no longer require their conveyancing panel lawyer to witness the mortgagors signature. You will still be obliged to hand over ID documents and there are still manifest advantages to instructing a locally based practitioner, in your situation a conveyancing solicitor in Barlaston and Tittensor.

I have todayfound out that Arc property Solicitors have closed. They carried out my conveyancing in Barlaston and Tittensor for a purchase of a freehold house 9 months ago. How can I check that the property is in my name in the name of the former proprietor?

The quickest way to check if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Barlaston and Tittensor conveyancing specialists.

I am tempted by the attractive purchase price for a two flats in Barlaston and Tittensor both have in the region of fifty years left on the lease term. Will this present a problem?

A lease is a legal document that entitles you to use the premises for a prescribed time frame. As the lease gets shorter the value of the lease reduces and results in it becoming more costly to acquire a lease extension. For this reason it is advisable to extend the lease term. It is often difficult to sell a property with a short lease because mortgage companies less inclined to grant a loan on such properties. Lease enfranchisement can be a difficult process. We recommend you get professional help from a conveyancer and surveyor with experience in this arena.

Barlaston and Tittensor Leasehold Conveyancing - Examples of Queries before Purchasing

For most Barlaston and Tittensor leaseholds the cost for major works are not built into the service charges, although there some managing agents in Barlaston and Tittensor ask leasehold owners to pay into a reserve fund created for the specific purpose of establishing a fund for major repairs or maintenance. Plenty Barlaston and Tittensor leasehold properties will be liable to pay a service bill for maintenance of the building levied by the management company. Where you buy the property you will have to pay this contribution, normally in instalments throughout the year. This can vary from a few hundred pounds to thousands of pounds for blocks with lifts and large common areas. In all likelihood there will be a ground rent for you to pay annual, normally this is not a large figure, say about £50-£100 but you should to check it because sometimes it can be prohibitively expensive.