I purchased a freehold residence in Cotswolds but nevertheless charged rent, why is this and what is this?

It is rare for properties in Cotswolds and has limited impact for conveyancing in Cotswolds 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 establishment 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 in 2037 will be extinguished.

We are planning to purchase with Norwich and Peterborough Building Society. I called into 3 or 4 local firms but am struggling to find a Cotswolds conveyancing firm on the Norwich and Peterborough Building Society approved list. Please you assist?

You should take advantage of the find a conveyancing panel solicitor tool on this page. Pick the lender and type Cotswolds or your location and you will discover numerous solicitors based in Cotswolds or nearest you.

How does conveyancing in Cotswolds differ for new build properties?

Most buyers of new build property in Cotswolds contact us having been asked by the seller to sign contracts and commit to the purchase even before the residence is built. This is because developers in Cotswolds typically purchase the land, 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 conveyancing solicitors 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 used to new build conveyancing in Cotswolds or who has acted in the same development.

I am looking to sell my property. My former conveyancers closed down. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Cotswolds if that makes a difference.

Do use our search tool to help you find a solicitor for your conveyancing in Cotswolds. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes with a minimum of fuss.

I am thinking of appointing a conveyancing practitioner in Cotswolds for my house move. Can I review a firm’s record with the profession’s regulator?

Anyone may find published Solicitor Regulator Association (SRA) decisions resulting from investigations from 2008 onwards. Go to Check a solicitor's record. To find records about the period before 1 January 2008, or to check a firm's record, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, dial +44 (0)121 329 6800. The SRA could recorded call for training requirements.