I purchased a freehold property in Childs Hill but still charged rent, why is this and what is this?

It is rare for properties in Childs Hill and has limited impact for conveyancing in Childs Hill 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 post 1977.

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

I am selling my home in Childs Hill. Does the have to be required to be on the conveyancing panel in order to deal with redeeming my mortgage?

Ordinarily, even if your lawyer is not on the conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently in recent years.

I require fast conveyancing in Childs Hill as I am faced with a deadline to sign on the dotted line within one month. A mortgage is not required. Can I avoid the conveyancing searches to save money and time?

As you are are a mortgage free purchaser you have the choice not to have searches carried out although no lawyer would suggest that you don't. With lots of history conveyancing in Childs Hill the following are examples of what can crop up and therefore impact market value: Enforcement Actions, Outstanding Charges, Outstanding Grants, Road Schemes,...

How does conveyancing in Childs Hill differ for newly converted properties?

Most buyers of new build property in Childs Hill come to us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is finished. This is because house builders in Childs Hill tend to acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Childs Hill or who has acted in the same development.

Having used your search tool I can't find the lawyer I was hoping to instruct as being on the bank conveyancing panel. My lawyer has said that they are on the bank approved panel. How can I be sure given that they are not listed on your directory?

Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the mortgage company conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the bank solicitor panel.