I am the registered owner of a freehold property in Bridport but still invoiced for rent, why is this and what is this?
It is rare for properties in Bridport and has limited impact for conveyancing in Bridport 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 generation of fresh 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 in 2037 is to be dispensed with completely.
Various internet forums that I have come across warn that are a common reason for stalling in Bridport house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not figure within the most frequent causes of delays during the legal transfer of property. Local searches are not likely to be the root cause of slowing down conveyancing in Bridport.
I purchased my apartment on 8 January and the transaction details is yet to be registered. Need I be worried? My conveyancing solicitor in Bridport expressed confidence that it would be dealt with in a couple of weeks. Are transfers in Bridport particularly slow to register?
As far as conveyancing in Bridport registration is no faster or slower than anywhere else in England and Wales. Rather than based on location, timescales can adjust subject to who lodges the application, whether there are errors and whether the Land registry must send notices to any other parties. Currently roughly three quarters of submission are fully dealt with in less than three weeks but occasionally there can be longer hold-ups. Historically registration occurs once the new owner has moved in to the premises so an expedited registration is not always primary concern yet if there is a degree of urgency associated with the registration then you or your conveyancer must communicate with the Registry to express the reasoning for the application to be prioritised.
The estate agent has sent us the confirmation of our purchase of a new build flat in Bridport. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Bridport
Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.
My wife and I have recently appointed a conveyancing solicitor in Bridport. I I would like to check if they are on the lender's approved list of lawyers. Could you assist?
It’s a good idea call your solicitor to enquire if they are on the lender's approved list. Alternatively please get in touch with us and we can investigate and revert. If they are not on the conveyancing panel we can certainly arrange a specialist conveyancing solicitor in Bridport on the approved list for your mortgage company.