My financial adviser says he needs my Bodmin lawyer’ panel member for the Nat West conveyancing panel. How do I obtain this. I have contacted my local Bodmin office but they have not responded to me.

You are best placed to get this information from your Bodmin property lawyer . They should have a central record lender panel numbers.

I own a freehold residence in Bodmin but nevertheless invoiced for rent, why is this and what is this?

It’s unusual for properties in Bodmin and has limited impact for conveyancing in Bodmin 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 many centuries, but the Rent Charge Act 1977 barred the creation of fresh rentcharges from 1977 onwards.

Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.

Is it necessary to take out insurance to protect me from financial exposure to chancel repairs when buying a property in Bodmin?

Unless a prior acquisition of the premises completed after 12 October 2013 you could take it that solicitors carrying out conveyancing in Bodmin to remain encouraging a chancel search and or insurance against a claim.

Hoping to buy a property located in Bodmin and I am already nervous. I couldn't find anything specific about Bodmin. Conveyancing will be needed in due course but do you know about the Bodmin area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Bodmin. In the meantime here are some basic statistics that we found

My wife and I purchased a leasehold house in Bodmin. Conveyancing and Lloyds TSB Bank mortgage are in place. A letter has just been received from someone saying they have taken over the freehold. It included a demand for arrears of ground rent dating back to 1992. The conveyancing practitioner in Bodmin who previously acted has now retired. Do I pay?

First make enquiries of the Land Registry to make sure that the individual claiming to own the freehold is in fact the new freeholder. There is no need to instruct a Bodmin conveyancing firm to do this as you can do this on the Land Registry website for less than a fiver. Rest assured that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.

Leasehold Conveyancing in Bodmin - Examples of Queries Prior to buying

You will want to discover as much as possible regarding the managing agents as they will either make life much simpler or a lot more difficult. As the proprietor of a leasehold property you are frequently at the mercy of the managing agents from a financial perspective and when it comes to every day issues such as the cleanliness of the communal areas. Enquire of other people whether they are happy with them. Finally, find out the dates that you are obliged pay the service charge to the managing agents and specifically how they are spending the funds. Please note if it is no more than eighty years it will affect the salability of the apartment. It is worth checking with your lender that they are willing to lend given the lease term. A short lease means that you will probably require a lease extension at some point and it is worth finding out how much this would cost. For most Bodminlease extensions you would be be obliged to have owned the property for two years in order to be entitled to exercise a lease extension. Does this lease have more than 85 years left?