I am the registered owner of a freehold property in Bryn Y Baal but nevertheless invoiced for rent, why is this and what is this?

It’s unusual for properties in Bryn Y Baal and has limited impact for conveyancing in Bryn Y Baal 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 fresh rentcharges from 1977 onwards.

Old 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 extinguished.

I am purchasing a new build house in Bryn Y Baal with a mortgage from Nottingham Building Society. The sellers would not reduce the price so I negotiated £7000 of additionals instead. The house builders rep suggested that I not reveal to my solicitor about the deal as it could put at risk my loan with the lender. Do I keep my lawyer in the dark?.

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.

Due to the encouragement of my in-laws I had a survey completed on a property in Bryn Y Baal ahead of instructing lawyers. I have been advised that there is a flying freehold overhang to the property. The surveyor advised that some banks will not issue a mortgage on a flying freehold property.

It depends who your proposed lender is. HSBC has different requirements from Halifax. Should you wish to telephone us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Bryn Y Baal. Conveyancing may be slightly more expensive based on your lender's requirements.

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

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

We have instructed a Bryn Y Baal conveyancing solicitor for our house purchase (novice purchasers) and have noticed in the engagement letter that they are not governed by the Financial Conduct Authority. Need I be worried or is that the norm with solicitor?

We can't see why they should be. Most conveyancer don't lend money. They should be governed by the Solicitors Regulation Authority, who set strict laws in place on funds sitting by them.