I own a freehold premises in Caerphilly but still charged rent, why is this and what is this?

It’s unusual for properties in Caerphilly and has limited impact for conveyancing in Caerphilly 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 creation of new rentcharges from 1977 onwards.

Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.

Are the BSA intent on creating a search tool with a view to to identify firms on the Coventry BS conveyancing panel for instance in Caerphilly?

We have not been informed any plans on the part of the BSA to promote such a search facility.

Due to the input of my in-laws I had a survey completed on a property in Caerphilly before retaining solicitors. I have been informed that there is a flying freehold element to the property. Our surveyor advised that some lenders tend refuse to grant a mortgage on a flying freehold home.

It depends who your proposed lender is. Bank of Scotland has different instructions for example to Nationwide. If you e-mail us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Caerphilly. Conveyancing will be smoother if you use a solicitor in Caerphilly especially if they are familiar with such properties in Caerphilly.

How do I search for a Caerphilly solicitor on the Clydesdale conveyancing panel? I have a car and am happy to travel upto 20miles to meet the lawyer.

Feel free to make use of the tool on this page. Please pick a bank and your location and you will see a number of Caerphilly conveyancing lawyers located nearest you. We have listed some Caerphilly conveyancing firms towards the end of this page and you can ring them to see whether they are on the Clydesdale approved list

When it comes to leasehold conveyancing in Caerphilly what are the most frequent lease defects?

Leasehold conveyancing in Caerphilly is not unique. Most leases are unique and legal mistakes in the legal wording can sometimes mean that certain provisions are not included. For example, if your lease is missing any of the following, it could be defective:

Service charge per centages that don't add up correctly leaving a shortfall A provision for the recovery of money spent for the benefit of another party.

You will have a problem when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Yorkshire Building Society, The Royal Bank of Scotland, and Bank of Ireland all have very detailed requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to provide security, forcing the buyer to pull out.

Caerphilly Conveyancing for Leasehold Flats - Examples of Queries Prior to buying

Who is in charge of the block? This information is helpful as a) areas can cause problems for the block as the communal areas may begin to deteriorate if services remain unpaid b) if the tenants have a dispute with the running of the building you will want to have complete disclosure