I own a freehold house in Chesham Bois but still charged rent, why is this and what is this?

It’s unusual for properties in Chesham Bois and has limited impact for conveyancing in Chesham Bois 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 generation of fresh rentcharges post 1977.

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

Are the BSA intent on creating a searchable register to to identify law firms on the Darlington Building Society conveyancing panel for example in Chesham Bois?

We are not aware of any intention on the part of the BSA to promote such a tool.

What is the difference between a licensed conveyancer and conveyancing solicitor in Chesham Bois

Two types of professional can conduct conveyancing in Chesham Bois namely CLC regulated conveyancers or solicitors. The two can handle conveyancing services that required to complete the disposal or acquisition of property. Both are required to handle Chesham Bois conveyancing on similar quality and guidelines so you can be sure that your conveyancing will be professionally administered and that the necessary steps should be appropriately followed.

Forgive me if this question is silly but I am wet behind the ears as FTB of a two bedroom flat in Chesham Bois. Do I collect the keys to the property on completion from my lawyer? If so, I will appoint a local conveyancing solicitor in Chesham Bois?

There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will electronically transfer the completion advance to the seller's solicitors, and once they have received this, you will be able to collect the keys from the selling Agents and move into your new home. This tends to happen between 1 and 3pm.

Our offer on a property in Chesham Bois has been accepted, but there is a chain. The owners have offered on on an apartment, but it’s not yet agreed to, and are looking at other properties booked. I have instructed a bricks and mortar conveyancing solicitor in Chesham Bois. What do I do now? When should I get the mortgage application with Coventry BS started?

It is normal to have anxieties where there is a chain as you are unlikely to want to incur expenses prematurely (mortgage application is in the region of £1k, then valuation, Chesham Bois conveyancing search costs, etc). First, you must check that your conveyancer is on the Coventry BS approved list. Concerning the subsequent steps this very much dictated by the circumstances of your transaction, attraction to the property and on the state of the market. During a buoyant market the majority of home buyers would apply for the mortgage with Coventry BS and arrange for the valuation and only if it comes back ok would they ask their conveyancer to proceed with searches.

There are only Sixty One years left on my lease in Chesham Bois. I need to get lease extension but my freeholder is missing. What are my options?

If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the Court. However, you will be required to demonstrate that you have used your best endeavours to find the lessor. In some cases a specialist would be helpful to try and locate and to produce an expert document to be used as evidence that the freeholder is indeed missing. It is wise to seek advice from a solicitor in relation to proving the landlord’s absence and the application to the County Court overseeing Chesham Bois.

I purchased a garden flat in Chesham Bois, conveyancing having been completed 10 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar flats in Chesham Bois with over 90 years remaining are worth £227,000. The ground rent is £50 invoiced every year. The lease expires on 21st October 2097

With only 72 years left to run the likely cost is going to span between £9,500 and £11,000 as well as legals.

The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. You should not use this information in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.

What type of premises does your Chesham Bois conveyancing quotes apply to?

The quotes issued are only appropriate to standard residential property in England & Wales. Where you have any different needs for example industrial or agricultural property or commercial conveyancing in Chesham Bois do contact us to address your requirements .