I own a freehold premises in Billericay yet charged rent, why is this and what is this?
It’s unusual for properties in Billericay and has limited impact for conveyancing in Billericay 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 from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
I need some fast conveyancing in Billericay as I am under an ultimatum to sign on the dotted line in less than one month. A home loan is not required. Can I escape the need for conveyancing searches to save fees and time?
If.Given you are not obtaining a mortgage you are at free not to have searches carried out although no law firm would suggest that you don't. With lots of history conveyancing in Billericay the following are examples of issues that can arise and therefore affect the marketability of the property: Enforcement Notices, Overdue Fees, Outstanding Grants, Road Schemes,...
I have justbeen informed that Stirling Law have closed. They conducted my conveyancing in Billericay for a purchase of a leasehold flat 10 months ago. How can I establish that my home is not still registered in the name of the previous owner?
The easiest way to see if the premises is registered to you, you can carry out 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 Billericay conveyancing specialists.
How does conveyancing in Billericay differ for newly converted properties?
Most buyers of new build property in Billericay contact us having been asked by the builder to sign contracts and commit to the purchase even before the residence is completed. This is because new home sellers in Billericay tend to buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Billericay or who has acted in the same development.
Is it best to go with a Billericay conveyancing solicitor who is local to the property I am buying? An old friend can execute the legal work however his firm is located a couple of hundredmiles away.
The benefit of a local Billericay conveyancing practice is that you can visit the firm to execute documents, hand in your ID and pester them if necessary. They will also have local intelligence which is a plus. However it's more important to get someone that will do a good and efficient job. If you know people who instructed your friend and on the whole were content that should trump using an unfamiliar Billericay conveyancing lawyer just because they are local.