I own a freehold residence in Hurst yet charged rent, why is this and what is this?
It’s unusual for properties in Hurst and has limited impact for conveyancing in Hurst 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 hundreds of years, but the Rent Charge Act 1977 barred the creation of new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
Our mortgage company has recommended a law firm on their panel based in Hurst but I would rather choose a conveyancing lawyer in Hurst round the corner to me. Can you help?
It is by no means the case that all Hurst conveyancing solicitors are approved and listed on all banks conveyancing panel. Use our search tool to locate a Hurst conveyancing conveyancer on the on the bank panel.
How does conveyancing in Hurst differ for new build properties?
Most buyers of new build property in Hurst contact us having been asked by the builder to sign contracts and commit to the purchase even before the property is built. This is because builders in Hurst usually 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 property lawyers 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 Hurst or who has acted in the same development.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on last month in what should have been a quick, chain free conveyancing. Hurst is the location of the property. Can you shed any light on this issue?
Flying freeholds in Hurst are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Hurst you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hurst may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I am a couple of weeks into a leasehold purchase having been referred to conveyancers by the estate agent to do our conveyancing in Hurst. I am am very dissatisfied with the level of service. Can you help me find new lawyers?
A lawyer would need to be very poor in order to consider replacing them. Has your mortgage offer been generated? If so you will need to make them aware of the new solicitor and ensure the offer are re-issued. Your solicitor ideally should be on the lenders panel to avoid supplemental expenses and delays. So that should be your starting point. Our find a solicitor tool should help you find a bank approved lawyer for your conveyancing in Hurst